Cantor Fitzgerald reaffirmed their buy rating on shares of eHealth, Inc. (NASDAQ:EHTH) in a research report sent to investors on Wednesday morning. The brokerage currently has a $27.00 target price on the financial services provider’s stock.
“EHTH announced that it partnered with The IHC Group and SASid Insurance Development to offer affordable alternative health insurance plans for consumers.”,” Cantor Fitzgerald’s analyst commented.
Several other equities research analysts have also recently commented on EHTH. Zacks Investment Research cut shares of eHealth from a strong-buy rating to a hold rating in a research report on Tuesday, July 4th. Jefferies Group LLC reissued a hold rating and set a $18.00 price target on shares of eHealth in a research report on Friday, July 14th. BidaskClub raised shares of eHealth from a hold rating to a buy rating in a research report on Wednesday, July 19th. Finally, TheStreet cut shares of eHealth from a c rating to a d+ rating in a research report on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. eHealth currently has a consensus rating of Hold and a consensus target price of $21.33.
eHealth (NASDAQ EHTH) traded down 1.84% during trading on Wednesday, reaching $22.92. 81,516 shares of the company’s stock traded hands. The firm’s market cap is $424.82 million. eHealth has a 12 month low of $6.38 and a 12 month high of $25.83. The firm has a 50 day moving average price of $23.97 and a 200-day moving average price of $18.85.
eHealth (NASDAQ:EHTH) last issued 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 return on equity of 5.64% and a negative net margin of 3.44%. The business had revenue of $28.00 million for the quarter, compared to the consensus estimate of $29.25 million. During the same period last year, the firm earned $0.09 earnings per share. The company’s quarterly revenue was down 24.9% compared to the same quarter last year. On average, analysts forecast that eHealth will post ($0.94) earnings per share for the current fiscal year.
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In other news, Director Jack L. Oliver III sold 14,745 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $16.79, for a total transaction of $247,568.55. Following the transaction, the director now directly owns 51,375 shares in the company, valued at approximately $862,586.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.22% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its stake in shares of eHealth by 92.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,611 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 3,650 shares during the last quarter. Thrivent Financial For Lutherans acquired a new position in shares of eHealth during the 2nd quarter worth about $190,000. Hancock Holding Co. acquired a new position in shares of eHealth during the 2nd quarter worth about $198,000. Voya Investment Management LLC acquired a new position in shares of eHealth during the 2nd quarter worth about $201,000. Finally, Texas Permanent School Fund increased its stake in shares of eHealth by 1.3% during the 2nd quarter. Texas Permanent School Fund now owns 12,245 shares of the financial services provider’s stock worth $230,000 after purchasing an additional 160 shares during the last quarter. Institutional investors own 90.19% 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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