eHealth, Inc. (NASDAQ:EHTH) – Investment analysts at William Blair lifted their Q1 2018 earnings per share estimates for shares of eHealth in a research report issued on Tuesday. William Blair analyst A. Klauber now forecasts that the financial services provider will post earnings per share of $1.07 for the quarter, up from their previous forecast of $0.96.
A number of other analysts also recently weighed in on the stock. Jefferies Group LLC boosted their target price on shares of eHealth from $18.00 to $20.00 and gave the stock a “hold” rating in a report on Sunday, August 20th. Zacks Investment Research downgraded shares of eHealth from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. BidaskClub upgraded shares of eHealth from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. TheStreet downgraded shares of eHealth from a “c” rating to a “d+” rating in a report on Thursday, July 27th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $27.00 target price on shares of eHealth in a report on Wednesday, October 18th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $23.17.
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eHealth (NASDAQ:EHTH) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.73) by ($0.25). eHealth had a negative net margin of 11.94% and a negative return on equity of 21.88%. The business had revenue of $26.62 million for the quarter, compared to analysts’ expectations of $25.55 million. During the same quarter in the previous year, the company earned ($0.23) earnings per share. The business’s quarterly revenue was down 17.0% on a year-over-year basis.
Several hedge funds have recently added to or reduced their stakes in EHTH. Lyon Street Capital LLC purchased a new position in shares of eHealth during the 2nd quarter worth about $2,991,000. EAM Investors LLC purchased a new position in shares of eHealth during the 2nd quarter worth about $1,689,000. Renaissance Technologies LLC boosted its stake in shares of eHealth by 11.3% during the 1st quarter. Renaissance Technologies LLC now owns 878,900 shares of the financial services provider’s stock worth $10,582,000 after purchasing an additional 89,400 shares during the period. Susquehanna International Group LLP purchased a new position in shares of eHealth during the 2nd quarter worth about $1,467,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of eHealth by 9.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 645,432 shares of the financial services provider’s stock worth $7,771,000 after purchasing an additional 56,767 shares during the period. 90.00% of the stock is owned by hedge funds and other institutional investors.
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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