eHealth, Inc. (NASDAQ:EHTH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday, July 12th. The brokerage currently has a $20.00 target price on the financial services provider’s stock. Zacks Investment Research‘s price target suggests a potential upside of 14.09% from the stock’s current price.
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 equities analysts have also issued reports on EHTH. Cantor Fitzgerald reiterated an “overweight” rating and issued a $15.00 target price on shares of eHealth in a research note on Friday, March 17th. Jefferies Group LLC restated a “hold” rating and set a $11.50 price target on shares of eHealth in a research note on Thursday, March 30th. Finally, TheStreet upgraded eHealth from a “d+” rating to a “c” rating in a research note on Thursday, April 27th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $18.25.
Shares of eHealth (NASDAQ:EHTH) opened at 17.53 on Wednesday. The stock’s market capitalization is $324.92 million. eHealth has a 12 month low of $6.38 and a 12 month high of $19.53. The company’s 50-day moving average is $18.22 and its 200 day moving average is $14.88.
eHealth (NASDAQ:EHTH) last posted its earnings results on Thursday, July 27th. The financial services provider reported ($0.92) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.75) by $0.17. eHealth had a negative net margin of 3.44% and a negative return on equity of 5.64%. The company had revenue of $28 million during the quarter, compared to analysts’ expectations of $29.25 million. During the same quarter last year, the firm earned $0.09 EPS. eHealth’s revenue for the quarter was down 24.9% on a year-over-year basis. Equities research analysts predict that eHealth will post ($0.94) earnings per share for the current year.
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In related news, Director Jack L. Oliver III sold 14,745 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $16.79, for a total value of $247,568.55. Following the sale, the director now owns 51,375 shares in the company, valued at $862,586.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. 6.22% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA raised its stake in shares of eHealth by 92.1% in the second quarter. BNP Paribas Arbitrage SA now owns 7,611 shares of the financial services provider’s stock worth $143,000 after buying an additional 3,650 shares in the last quarter. OppenheimerFunds Inc. raised 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 worth $156,000 after buying an additional 1,289 shares in the last quarter. Thrivent Financial For Lutherans bought a new position in shares of eHealth during the second quarter worth about $190,000. Hancock Holding Co. bought a new position in shares of eHealth during the second quarter worth about $198,000. Finally, State of Tennessee Treasury Department increased its position 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 worth $202,000 after buying an additional 2,530 shares during the last quarter. Hedge funds and other institutional investors own 93.56% 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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