ValuEngine lowered shares of eHealth (NASDAQ:EHTH) from a buy rating to a hold rating in a research report sent to investors on Thursday.
Several other equities analysts also recently issued reports on EHTH. BidaskClub upgraded shares of eHealth from a buy rating to a strong-buy rating in a research note on Wednesday, December 5th. Zacks Investment Research upgraded shares of eHealth from a sell rating to a hold rating in a research note on Wednesday, September 19th. Cantor Fitzgerald upped their price objective on shares of eHealth to $39.00 and gave the company an overweight rating in a research note on Monday, October 8th. Finally, Chardan Capital began coverage on shares of eHealth in a research note on Thursday, August 16th. They issued a buy rating and a $40.00 price objective for the company. One analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $36.25.
NASDAQ:EHTH opened at $37.58 on Thursday. The firm has a market capitalization of $729.28 million, a P/E ratio of -29.36 and a beta of 0.69. eHealth has a 12 month low of $13.61 and a 12 month high of $40.71.
eHealth (NASDAQ:EHTH) last released its quarterly earnings data on Thursday, October 25th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.14. eHealth had a negative net margin of 30.13% and a negative return on equity of 17.79%. The company had revenue of $40.75 million during the quarter, compared to the consensus estimate of $34.10 million. As a group, equities analysts expect that eHealth will post 0.46 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in shares of eHealth during the second quarter worth about $139,000. Louisiana State Employees Retirement System acquired a new stake in shares of eHealth during the third quarter worth about $201,000. MetLife Investment Advisors LLC boosted its stake in shares of eHealth by 55.3% during the third quarter. MetLife Investment Advisors LLC now owns 12,405 shares of the financial services provider’s stock worth $351,000 after buying an additional 4,418 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of eHealth during the third quarter worth about $397,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of eHealth during the second quarter worth about $343,000. Institutional investors own 94.57% of the company’s stock.
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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