eHealth (NASDAQ:EHTH) Hits New 1-Year High at $90.05

eHealth, Inc. (NASDAQ:EHTH) shares reached a new 52-week high on Tuesday . The stock traded as high as $90.05 and last traded at $89.73, with a volume of 150046 shares traded. The stock had previously closed at $88.27.

Several equities research analysts have weighed in on the stock. Royal Bank of Canada set a $147.00 target price on shares of Ameriprise Financial and gave the stock a “hold” rating in a report on Friday, April 26th. Cantor Fitzgerald reiterated a “buy” rating and issued a $107.00 target price on shares of Perrigo in a report on Wednesday, May 8th. BidaskClub lowered shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Monday, June 24th. Craig Hallum upgraded shares of PROS from a “hold” rating to a “buy” rating and increased their target price for the stock from $36.00 to $60.00 in a report on Friday, April 26th. Finally, Credit Suisse Group assumed coverage on shares of LTC Properties in a report on Wednesday. They issued an “underperform” rating and a $19.00 target price on the stock. Ten research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of $92.13.

The company has a fifty day simple moving average of $77.13. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 148.37 and a beta of 1.22.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.49. eHealth had a negative net margin of 0.03% and a positive return on equity of 5.82%. The business had revenue of $68.80 million for the quarter, compared to analyst estimates of $51.61 million. During the same period last year, the business posted ($0.07) earnings per share. The firm’s quarterly revenue was up 59.6% on a year-over-year basis. Sell-side analysts expect that eHealth, Inc. will post 1.17 EPS for the current year.

In other eHealth news, insider Robert S. Hurley sold 1,500 shares of eHealth stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $60.47, for a total value of $90,705.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Goldberg sold 8,750 shares of eHealth stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $70.00, for a total transaction of $612,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,755 shares of company stock worth $4,026,975. 4.14% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue increased its stake in eHealth by 13.4% in the 1st quarter. State of Alaska Department of Revenue now owns 6,180 shares of the financial services provider’s stock valued at $385,000 after buying an additional 730 shares during the last quarter. Texas Permanent School Fund increased its stake in eHealth by 16.8% in the 1st quarter. Texas Permanent School Fund now owns 12,455 shares of the financial services provider’s stock valued at $776,000 after buying an additional 1,788 shares during the last quarter. Prudential Financial Inc. increased its stake in eHealth by 1.4% in the 4th quarter. Prudential Financial Inc. now owns 27,115 shares of the financial services provider’s stock valued at $1,042,000 after buying an additional 380 shares during the last quarter. BlackRock Inc. increased its stake in eHealth by 2.3% in the 4th quarter. BlackRock Inc. now owns 2,565,558 shares of the financial services provider’s stock valued at $98,568,000 after buying an additional 58,661 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in eHealth by 15.5% in the 4th quarter. Great West Life Assurance Co. Can now owns 22,184 shares of the financial services provider’s stock valued at $789,000 after buying an additional 2,985 shares during the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.

About eHealth (NASDAQ:EHTH)

eHealth, Inc provides private 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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