Zacks Investment Research upgraded shares of eHealth, Inc. (NASDAQ:EHTH) from a hold rating to a buy rating in a research report report published on Wednesday morning. The firm currently has $20.00 price objective on the financial services provider’s stock.
According to Zacks, “eHealth, Inc. is the parent company of eHealthInsurance, the leading online source of health insurance for individuals, families and small businesses. eHealthInsurance presents complex health insurance information in an objective, user-friendly format, enabling the research, analysis, comparison and purchase of health insurance products that best meet consumers’ needs. eHealth and eHealthInsurance.com are registered trademarks of eHealthInsurance Services, Inc. eHealth, Inc. and its technology was responsible for the nation’s first Internet-based sale of a health insurance policy. The Company is headquartered in Mountain View, California. “
Several other brokerages also recently commented on EHTH. Cantor Fitzgerald reiterated a buy rating and set a $20.00 price target on shares of eHealth in a report on Thursday, May 11th. TheStreet upgraded eHealth from a d+ rating to a c rating in a report on Thursday, April 27th. Finally, Jefferies Group LLC reiterated a hold rating and set a $11.50 price target on shares of eHealth in a report on Thursday, March 30th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. eHealth presently has a consensus rating of Buy and an average price target of $18.00.
Shares of eHealth (NASDAQ:EHTH) traded up 0.43% on Wednesday, hitting $18.84. 141,808 shares of the stock traded hands. The stock has a 50-day moving average price of $18.19 and a 200 day moving average price of $13.42. eHealth has a 12-month low of $6.38 and a 12-month high of $19.53. The stock has a market cap of $347.24 million, a price-to-earnings ratio of 33.11 and a beta of 1.59.
eHealth (NASDAQ:EHTH) last announced its quarterly earnings results on Thursday, April 27th. The financial services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $0.26 by $1.55. eHealth had a return on equity of 11.84% and a net margin of 5.47%. The company had revenue of $78.94 million for the quarter, compared to the consensus estimate of $69.97 million. During the same quarter last year, the company posted $1.10 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, analysts anticipate that eHealth will post ($1.01) earnings per share for the current fiscal year.
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In other news, insider James E. Flynn sold 426,954 shares of the firm’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $11.66, for a total value of $4,978,283.64. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 3.26% of the company’s stock.
Several large investors have recently made changes to their positions in EHTH. Comerica Bank increased its stake in shares of eHealth by 3.6% in the first quarter. Comerica Bank now owns 18,381 shares of the financial services provider’s stock valued at $216,000 after buying an additional 644 shares during the last quarter. OppenheimerFunds Inc. increased its stake in shares of eHealth by 11.1% in the first quarter. OppenheimerFunds Inc. now owns 12,891 shares of the financial services provider’s stock valued at $156,000 after buying an additional 1,289 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of eHealth by 8.1% in the fourth quarter. Teachers Advisors LLC now owns 31,136 shares of the financial services provider’s stock valued at $332,000 after buying an additional 2,337 shares during the last quarter. State of Tennessee Treasury Department increased its stake in shares of eHealth by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 16,765 shares of the financial services provider’s stock valued at $202,000 after buying an additional 2,530 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of eHealth by 6.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 53,897 shares of the financial services provider’s stock valued at $649,000 after buying an additional 3,078 shares during the last quarter. Institutional investors and hedge funds own 93.51% of the company’s stock.
eHealth Company Profile
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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