eHealth (NASDAQ:EHTH) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday.
Several other research analysts also recently commented on EHTH. ValuEngine downgraded eHealth from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Zacks Investment Research raised eHealth from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Cantor Fitzgerald lifted their target price on eHealth to $39.00 and gave the stock an “overweight” rating in a report on Monday, October 8th. Finally, Chardan Capital assumed coverage on eHealth in a report on Thursday, August 16th. They set a “buy” rating and a $40.00 target price on the stock. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. eHealth presently has a consensus rating of “Buy” and a consensus target price of $36.25.
Shares of EHTH stock opened at $38.53 on Wednesday. eHealth has a twelve month low of $13.61 and a twelve month high of $40.71.
eHealth (NASDAQ:EHTH) last announced its earnings results on Thursday, October 25th. The financial services provider reported ($0.22) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.36) by $0.14. The firm had revenue of $40.75 million for the quarter, compared to the consensus estimate of $34.10 million. eHealth had a negative return on equity of 17.79% and a negative net margin of 30.13%. Research analysts predict that eHealth will post 0.46 earnings per share for the current year.
Several large investors have recently made changes to their positions in the company. Alliancebernstein L.P. lifted its stake in shares of eHealth by 10.3% in the 3rd quarter. Alliancebernstein L.P. now owns 16,100 shares of the financial services provider’s stock valued at $455,000 after purchasing an additional 1,500 shares during the period. Legal & General Group Plc lifted its stake in shares of eHealth by 4.9% in the 3rd quarter. Legal & General Group Plc now owns 34,630 shares of the financial services provider’s stock valued at $979,000 after purchasing an additional 1,624 shares during the period. Teachers Advisors LLC lifted its stake in shares of eHealth by 9.0% in the 3rd quarter. Teachers Advisors LLC now owns 35,791 shares of the financial services provider’s stock valued at $1,011,000 after purchasing an additional 2,965 shares during the period. Principal Financial Group Inc. lifted its stake in shares of eHealth by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 125,608 shares of the financial services provider’s stock valued at $1,797,000 after purchasing an additional 2,981 shares during the period. Finally, Cowen Prime Services LLC lifted its stake in shares of eHealth by 0.8% in the 2nd quarter. Cowen Prime Services LLC now owns 531,550 shares of the financial services provider’s stock valued at $11,747,000 after purchasing an additional 4,200 shares during the period. 94.57% of the stock is currently owned by institutional investors.
eHealth Company Profile
eHealth, Inc provides private online health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its e-commerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.
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