Shares of eHealth, Inc. (NASDAQ:EHTH) have received an average rating of “Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have issued a report on the stock in the last year is $93.67.
EHTH has been the topic of several research reports. Cantor Fitzgerald reaffirmed a “buy” rating and set a $107.00 price objective on shares of Perrigo in a research report on Wednesday, May 8th. Zacks Investment Research cut EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. First Analysis began coverage on eHealth in a research report on Friday. They issued an “outperform” rating and a $106.00 price target on the stock. TheStreet cut Trinity Industries from a “b” rating to a “c” rating in a research report on Thursday, April 25th. Finally, BidaskClub raised WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Thursday.
In related news, CEO Scott N. Flanders sold 34,005 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $60.95, for a total value of $2,072,604.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert S. Hurley sold 1,500 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $60.47, for a total transaction of $90,705.00. The disclosure for this sale can be found here. Insiders sold a total of 60,755 shares of company stock valued at $4,026,975 in the last ninety days. 4.14% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the stock. FMR LLC boosted its holdings in shares of eHealth by 1,540.3% during the 1st quarter. FMR LLC now owns 1,644,434 shares of the financial services provider’s stock valued at $102,514,000 after purchasing an additional 1,544,184 shares during the last quarter. Emerald Advisers LLC bought a new position in shares of eHealth during the 1st quarter valued at about $23,504,000. Emerald Mutual Fund Advisers Trust bought a new position in shares of eHealth during the 1st quarter valued at about $21,763,000. Prospect Capital Advisors LLC bought a new position in shares of eHealth during the 4th quarter valued at about $9,826,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of eHealth by 27.2% during the 1st quarter. Victory Capital Management Inc. now owns 1,001,990 shares of the financial services provider’s stock valued at $62,464,000 after purchasing an additional 214,475 shares during the last quarter. 98.04% of the stock is owned by institutional investors.
eHealth stock traded down $0.74 during trading hours on Friday, hitting $86.84. 353,149 shares of the stock traded hands, compared to its average volume of 471,806. The business’s 50-day moving average price is $80.82. The stock has a market capitalization of $1.98 billion, a P/E ratio of 137.84 and a beta of 1.23. eHealth has a one year low of $22.30 and a one year high of $95.50.
eHealth (NASDAQ:EHTH) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.49. The business had revenue of $68.80 million for the quarter, compared to analysts’ expectations of $51.61 million. eHealth had a positive return on equity of 5.82% and a negative net margin of 0.03%. The business’s revenue was up 59.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.07) EPS. On average, research analysts predict that eHealth will post 1.17 EPS for the current year.
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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