Shares of eHealth, Inc. (NASDAQ:EHTH) have received an average rating of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $23.20.
Several research analysts recently weighed in on EHTH shares. Zacks Investment Research downgraded shares of eHealth from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 4th. Jefferies Group LLC reiterated a “hold” rating and issued a $18.00 price target on shares of eHealth in a research note on Friday, July 14th. BidaskClub upgraded shares of eHealth from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Cantor Fitzgerald reiterated a “buy” rating and issued a $20.00 price target on shares of eHealth in a research note on Thursday, July 27th. Finally, TheStreet cut shares of eHealth from a “c” rating to a “d+” rating in a research note on Thursday, July 27th.
In other news, Director Jack L. Oliver III sold 14,745 shares of the company’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 sale, the director now directly owns 51,375 shares in the company, valued at approximately $862,586.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.22% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Texas Permanent School Fund raised its position in eHealth by 1.3% in 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 period. Ameriprise Financial Inc. raised its position in eHealth by 0.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 87,360 shares of the financial services provider’s stock worth $1,642,000 after purchasing an additional 490 shares during the period. Comerica Bank raised its position in eHealth by 3.6% in the 1st quarter. Comerica Bank now owns 18,381 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 644 shares during the period. Principal Financial Group Inc. raised its position in eHealth by 0.6% in the 2nd quarter. Principal Financial Group Inc. now owns 127,571 shares of the financial services provider’s stock worth $2,398,000 after purchasing an additional 705 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in eHealth by 1.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 60,855 shares of the financial services provider’s stock worth $1,144,000 after purchasing an additional 811 shares during the period. 90.21% of the stock is currently owned by institutional investors.
Shares of eHealth (NASDAQ:EHTH) traded up 7.53% during midday trading on Thursday, hitting $23.57. The company had a trading volume of 390,136 shares. The firm’s market capitalization is $436.87 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 price of $23.72 and a 200 day moving average price of $19.25.
eHealth (NASDAQ:EHTH) last issued its earnings results on Thursday, October 26th. The financial services provider reported ($0.98) earnings per share for the quarter, missing the consensus estimate of ($0.73) by ($0.25). The firm had revenue of $26.62 million during the quarter, compared to the consensus estimate of $25.55 million. eHealth had a negative return on equity of 20.91% and a negative net margin of 11.94%. The company’s quarterly revenue was down 17.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.23) EPS. On average, equities analysts anticipate that eHealth will post ($0.94) EPS for the current fiscal year.
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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