Favorable News Coverage Somewhat Unlikely to Affect eHealth (EHTH) Stock Price

Media stories about eHealth (NASDAQ:EHTH) have been trending positive on Wednesday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. eHealth earned a daily sentiment score of 0.26 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.1448047016072 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media stories that may have impacted Accern Sentiment’s analysis:

EHTH has been the topic of a number of analyst reports. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $27.00 price objective on shares of eHealth in a report on Wednesday. TheStreet raised eHealth from a “d+” rating to a “c” rating in a report on Monday. Zacks Investment Research raised eHealth from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $20.00 price objective (up previously from $18.00) on shares of eHealth in a report on Saturday, August 26th. Finally, BidaskClub raised eHealth from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. eHealth has an average rating of “Hold” and an average target price of $20.50.

Shares of eHealth (EHTH) traded up 0.63% during midday trading on Wednesday, reaching $23.94. The company’s stock had a trading volume of 45,414 shares. The company’s market capitalization is $443.73 million. eHealth has a 1-year low of $6.38 and a 1-year high of $25.83. The stock has a 50 day moving average of $23.95 and a 200-day moving average of $18.52.

eHealth (NASDAQ:EHTH) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported ($0.92) 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 firm had revenue of $28.00 million during the quarter, compared to analyst estimates of $29.25 million. During the same quarter in the previous year, the business posted $0.09 EPS. eHealth’s revenue for the quarter was down 24.9% compared to the same quarter last year. On average, equities research analysts anticipate that eHealth will post ($0.94) earnings per share for the current year.

In other eHealth news, Director Jack L. Oliver III sold 14,745 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.26% of the stock is currently owned by company insiders.

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About eHealth

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.

Insider Buying and Selling by Quarter for eHealth (NASDAQ:EHTH)

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