eHealth, Inc. (NASDAQ:EHTH)‘s stock had its “buy” rating reissued by investment analysts at Cantor Fitzgerald in a research note issued to investors on Thursday, May 11th. They presently have a $20.00 price target on the financial services provider’s stock. Cantor Fitzgerald’s price target would indicate a potential upside of 6.10% from the stock’s previous close.
The analysts wrote, “Today, the Centers for Medicare and Medicaid Services (CMS) announced that online enrollment for small businesses would be removed from healthcare.gov. The SHOP program had very little impact on eHealth but the decision may be an indicator of CMS’ next step regarding individual exchanges.””
A number of other research firms also recently weighed in on EHTH. Zacks Investment Research upgraded shares of eHealth from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a report on Tuesday, May 9th. TheStreet upgraded shares of eHealth from a “d+” rating to a “c” rating in a report on Thursday, April 27th. Jefferies Group LLC boosted their target price on shares of eHealth from $9.50 to $11.50 and gave the stock a “hold” rating in a report on Friday, February 24th. Finally, Craig Hallum upgraded shares of eHealth from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, January 11th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $18.40.
Shares of eHealth (NASDAQ:EHTH) opened at 18.85 on Thursday. The firm’s 50-day moving average price is $17.65 and its 200-day moving average price is $12.88. The firm has a market capitalization of $347.42 million, a price-to-earnings ratio of 33.13 and a beta of 1.56. eHealth has a 12 month low of $6.38 and a 12 month high of $19.25.
eHealth (NASDAQ:EHTH) last posted its earnings results on Thursday, April 27th. The financial services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $1.55. eHealth had a net margin of 5.47% and a return on equity of 11.84%. The firm had revenue of $78.94 million for the quarter, compared to the consensus estimate of $69.97 million. During the same period in the previous year, the firm posted $1.10 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities analysts anticipate that eHealth will post ($1.01) earnings per share for the current year.
In related news, insider James E. Flynn sold 232,101 shares of the company’s stock in a transaction dated Tuesday, April 11th. The shares were sold at an average price of $11.38, for a total transaction of $2,641,309.38. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider James E. Flynn sold 150,000 shares of the company’s stock in a transaction dated Thursday, April 13th. The shares were sold at an average price of $11.00, for a total transaction of $1,650,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 809,055 shares of company stock worth $9,269,593 over the last quarter. 6.22% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Two Sigma Investments LP boosted its stake in eHealth by 290.7% in the fourth quarter. Two Sigma Investments LP now owns 80,674 shares of the financial services provider’s stock valued at $859,000 after buying an additional 60,023 shares during the period. Renaissance Technologies LLC boosted its stake in eHealth by 4.7% in the fourth quarter. Renaissance Technologies LLC now owns 789,500 shares of the financial services provider’s stock valued at $8,408,000 after buying an additional 35,800 shares during the period. Consonance Capital Management LP bought a new stake in eHealth during the third quarter valued at about $12,944,000. State Street Corp boosted its stake in eHealth by 6.3% in the fourth quarter. State Street Corp now owns 350,109 shares of the financial services provider’s stock valued at $3,725,000 after buying an additional 20,695 shares during the period. Finally, Cannell Capital LLC boosted its stake in eHealth by 37.2% in the first quarter. Cannell Capital LLC now owns 916,364 shares of the financial services provider’s stock valued at $11,033,000 after buying an additional 248,417 shares during the period. 93.65% of the stock is owned by institutional investors.
eHealth, Inc provides a private online source of health insurance for individuals, families and small businesses. The Company is the parent company of eHealthInsurance, a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers side-by-side, and purchase and enroll in coverage online through its Websites (www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com) or telephonically through its customer care centers.
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