Shares of eHealth, Inc. (NASDAQ:EHTH) have received an average rating of “Buy” from the fourteen ratings firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $117.22.
Several research analysts recently issued reports on the company. Royal Bank of Canada set a $111.00 target price on eHealth and gave the stock a “buy” rating in a research report on Friday, October 25th. BidaskClub raised shares of eHealth from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 28th. Raymond James set a $90.00 price target on shares of eHealth and gave the stock a “buy” rating in a report on Friday, October 25th. Cantor Fitzgerald set a $120.00 price target on shares of eHealth and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Deutsche Bank started coverage on shares of eHealth in a report on Thursday, September 12th. They issued a “buy” rating and a $173.00 price target on the stock.
In related news, insider Robert S. Hurley sold 1,500 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $66.51, for a total value of $99,765.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 4,500 shares of company stock valued at $342,240 over the last quarter. 5.00% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in the stock. Usca Ria LLC purchased a new stake in shares of eHealth during the third quarter valued at approximately $25,000. Cubist Systematic Strategies LLC bought a new stake in shares of eHealth in the 2nd quarter valued at about $46,000. US Bancorp DE raised its holdings in shares of eHealth by 2,002.8% in the 2nd quarter. US Bancorp DE now owns 757 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 721 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of eHealth by 31.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,458 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 352 shares in the last quarter. Finally, First Mercantile Trust Co. bought a new stake in shares of eHealth in the 3rd quarter valued at about $103,000. Institutional investors own 97.99% of the company’s stock.
NASDAQ:EHTH traded up $0.97 during trading hours on Tuesday, hitting $92.19. 327,296 shares of the company were exchanged, compared to its average volume of 479,629. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 146.33 and a beta of 1.17. The company has a current ratio of 2.07, a quick ratio of 2.06 and a debt-to-equity ratio of 0.08. eHealth has a one year low of $34.04 and a one year high of $112.22. The company has a fifty day simple moving average of $78.22 and a 200 day simple moving average of $80.87.
eHealth (NASDAQ:EHTH) last announced its earnings results on Thursday, October 24th. The financial services provider reported ($0.43) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.63) by $0.20. The business had revenue of $69.80 million during the quarter, compared to analyst estimates of $55.74 million. eHealth had a return on equity of 4.69% and a net margin of 1.22%. eHealth’s quarterly revenue was up 71.1% on a year-over-year basis. Equities research analysts predict that eHealth will post 1.58 earnings per share for the current fiscal year.
eHealth Company Profile
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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