eHealth (NASDAQ:EHTH) Downgraded to “Buy” at BidaskClub

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.

About eHealth

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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