ValuEngine upgraded shares of eHealth (NASDAQ:EHTH) from a sell rating to a hold rating in a research note published on Sunday, December 31st.
A number of other equities research analysts have also commented on the stock. TheStreet lowered shares of eHealth from a c- rating to a d rating in a report on Wednesday, December 13th. BidaskClub lowered shares of eHealth from a sell rating to a strong sell rating in a research note on Thursday, December 14th. Craig Hallum reaffirmed a buy rating and issued a $28.00 target price on shares of eHealth in a research note on Monday, December 11th. Jefferies Group raised their target price on shares of eHealth from $20.00 to $23.00 and gave the company a hold rating in a research note on Monday, October 30th. Finally, SunTrust Banks reaffirmed a buy rating and issued a $30.00 target price on shares of eHealth in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. eHealth has an average rating of Hold and a consensus price target of $25.33.
Shares of eHealth (EHTH) traded down $0.07 during trading hours on Friday, reaching $17.05. 170,500 shares of the company’s stock were exchanged, compared to its average volume of 224,043. eHealth has a 12-month low of $10.35 and a 12-month high of $28.59. The company has a market cap of $316.03, a price-to-earnings ratio of -14.83 and a beta of 1.58.
eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported ($0.98) EPS for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.25). eHealth had a negative return on equity of 21.88% and a negative net margin of 11.94%. The company had revenue of $26.62 million for the quarter, compared to the consensus estimate of $25.55 million. During the same period in the prior year, the company earned ($0.23) EPS. The firm’s revenue was down 17.0% compared to the same quarter last year. analysts predict that eHealth will post -1.6 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its stake in shares of eHealth by 92.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,611 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 3,650 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of eHealth by 58.8% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,290 shares of the financial services provider’s stock valued at $150,000 after acquiring an additional 2,330 shares during the period. Thrivent Financial For Lutherans acquired a new stake in shares of eHealth in the 2nd quarter valued at approximately $190,000. Hancock Holding Co. acquired a new stake in shares of eHealth in the 2nd quarter valued at approximately $198,000. Finally, Voya Investment Management LLC acquired a new stake in shares of eHealth in the 2nd quarter valued at approximately $201,000. 89.94% of the stock is currently owned by institutional investors.
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eHealth Company Profile
eHealth, Inc provides a private online source of health insurance for individuals, families and small businesses. The Company is the parent company of eHealthInsurance, a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers side-by-side, and purchase and enroll in coverage online through its Websites (www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com) or telephonically through its customer care centers.
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