BidaskClub downgraded shares of eHealth (NASDAQ:EHTH) from a strong-buy rating to a buy rating in a report published on Thursday, BidAskClub reports.
EHTH has been the subject of a number of other research reports. SunTrust Banks boosted their price target on eHealth to $120.00 and gave the stock a buy rating in a report on Wednesday, May 15th. Credit Suisse Group began coverage on LTC Properties in a report on Wednesday, July 10th. They set an underperform rating and a $19.00 price target for the company. Royal Bank of Canada set a $147.00 price target on Ameriprise Financial and gave the stock a hold rating in a report on Friday, April 26th. TheStreet cut Trinity Industries from a b rating to a c rating in a report on Thursday, April 25th. Finally, Craig Hallum raised PROS from a hold rating to a buy rating and boosted their price target for the stock from $36.00 to $60.00 in a report on Friday, April 26th. Eleven research analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and a consensus price target of $93.67.
eHealth stock opened at $86.84 on Thursday. eHealth has a 52 week low of $22.30 and a 52 week high of $95.50. The firm has a market cap of $1.97 billion, a PE ratio of 137.84 and a beta of 1.23. The stock’s fifty day simple moving average is $80.82.
eHealth (NASDAQ:EHTH) last posted its quarterly earnings results 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 positive return on equity of 5.82% and a negative net margin of 0.03%. The company had revenue of $68.80 million during the quarter, compared to analysts’ expectations of $51.61 million. During the same quarter in the previous year, the firm earned ($0.07) EPS. eHealth’s revenue was up 59.6% on a year-over-year basis. As a group, equities analysts anticipate that eHealth will post 1.17 EPS for the current year.
In other eHealth news, insider Robert S. Hurley sold 1,500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $60.47, for a total value of $90,705.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Goldberg sold 8,750 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $70.00, for a total value of $612,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 60,755 shares of company stock valued at $4,026,975. Insiders own 4.14% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quantamental Technologies LLC bought a new stake in shares of eHealth in the 1st quarter valued at about $29,000. Macquarie Group Ltd. bought a new stake in shares of eHealth in the 4th quarter valued at about $27,000. Meeder Asset Management Inc. bought a new stake in shares of eHealth in the 1st quarter valued at about $67,000. WINTON GROUP Ltd bought a new stake in shares of eHealth in the 2nd quarter valued at about $202,000. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of eHealth in the 2nd quarter valued at about $232,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.
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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