eHealth (EHTH) Receives “Buy” Rating from Craig Hallum

eHealth (NASDAQ:EHTH)‘s stock had its “buy” rating restated by equities researchers at Craig Hallum in a research note issued to investors on Monday. They currently have a $28.00 target price on the financial services provider’s stock. Craig Hallum’s price target points to a potential upside of 56.86% from the stock’s previous close.

A number of other research firms also recently issued reports on EHTH. Zacks Investment Research upgraded shares of eHealth from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Wells Fargo & Company increased their price objective on shares of eHealth from $18.00 to $24.00 and gave the company a “market perform” rating in a research note on Thursday, October 19th. Cantor Fitzgerald increased their price objective on shares of eHealth from $21.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, October 2nd. TheStreet upgraded shares of eHealth from a “d+” rating to a “c” rating in a research note on Monday, October 16th. Finally, Jefferies Group increased their price objective on shares of eHealth from $20.00 to $23.00 and gave the company a “hold” rating in a research note on Monday, October 30th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.33.

Shares of eHealth (EHTH) traded down $1.13 during trading hours on Monday, hitting $17.85. 310,900 shares of the stock were exchanged, compared to its average volume of 163,088. eHealth has a fifty-two week low of $10.23 and a fifty-two week high of $28.59.

eHealth (NASDAQ:EHTH) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported ($0.98) earnings per share (EPS) for the quarter, missing the Zacks’ 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 the consensus estimate of $25.55 million. During the same quarter in the prior year, the business posted ($0.23) earnings per share. eHealth’s revenue for the quarter was down 17.0% on a year-over-year basis. research analysts anticipate that eHealth will post -1.6 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in EHTH. Vanguard Group Inc. raised its holdings in shares of eHealth by 5.9% in the first quarter. Vanguard Group Inc. now owns 932,496 shares of the financial services provider’s stock worth $11,227,000 after buying an additional 52,357 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of eHealth by 3.9% in the first quarter. Geode Capital Management LLC now owns 135,293 shares of the financial services provider’s stock worth $1,628,000 after buying an additional 5,088 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of eHealth by 9.6% in the first quarter. Dimensional Fund Advisors LP now owns 645,432 shares of the financial services provider’s stock worth $7,771,000 after buying an additional 56,767 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of eHealth by 6.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 53,897 shares of the financial services provider’s stock worth $649,000 after buying an additional 3,078 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of eHealth by 131.4% in the first quarter. Bank of America Corp DE now owns 25,728 shares of the financial services provider’s stock worth $310,000 after buying an additional 14,610 shares during the last quarter. Institutional investors own 89.94% of the company’s stock.

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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.

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