eHealth (EHTH) Upgraded to Strong-Buy by Zacks Investment Research

eHealth (NASDAQ:EHTH) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday. The firm presently has a $73.00 price target on the financial services provider’s stock. Zacks Investment Research‘s target price indicates a potential upside of 10.91% from the company’s current price.

According to Zacks, “eHealth, Inc. is the parent company of eHealthInsurance, the leading online source of health insurance for individuals, families and small businesses. eHealthInsurance presents complex health insurance information in an objective, user-friendly format, enabling the research, analysis, comparison and purchase of health insurance products that best meet consumers’ needs. eHealth and eHealthInsurance.com are registered trademarks of eHealthInsurance Services, Inc. eHealth, Inc. and its technology was responsible for the nation’s first Internet-based sale of a health insurance policy. The Company is headquartered in Mountain View, California. “

Several other equities research analysts have also recently issued reports on the stock. SunTrust Banks raised their target price on shares of eHealth to $60.00 and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Cantor Fitzgerald reiterated a “buy” rating and issued a $39.00 price target on shares of eHealth in a research report on Thursday, October 25th. Royal Bank of Canada assumed coverage on shares of eHealth in a research report on Thursday, December 20th. They issued an “outperform” rating and a $57.00 price target on the stock. Craig Hallum increased their price target on shares of eHealth from $37.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, January 28th. Finally, BidaskClub upgraded shares of eHealth from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 24th. Seven analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $69.57.

EHTH stock traded up $2.25 on Wednesday, hitting $65.82. The company had a trading volume of 640,840 shares, compared to its average volume of 525,919. eHealth has a 12-month low of $13.61 and a 12-month high of $66.38. The stock has a market capitalization of $1.36 billion, a P/E ratio of -51.42 and a beta of 1.33.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EHTH. Victory Capital Management Inc. raised its position in eHealth by 3,648.3% in the fourth quarter. Victory Capital Management Inc. now owns 787,515 shares of the financial services provider’s stock worth $30,256,000 after acquiring an additional 766,505 shares during the period. Gilder Gagnon Howe & Co. LLC raised its position in eHealth by 389.1% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 461,261 shares of the financial services provider’s stock worth $13,035,000 after acquiring an additional 366,954 shares during the period. Toronado Partners LLC bought a new position in eHealth in the fourth quarter worth approximately $13,597,000. Prospect Capital Advisors LLC bought a new position in eHealth in the fourth quarter worth approximately $9,826,000. Finally, Perceptive Advisors LLC bought a new stake in shares of eHealth during the 3rd quarter valued at $6,393,000. Institutional investors and hedge funds own 88.66% of the company’s stock.

eHealth Company Profile

eHealth, Inc provides private online health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its e-commerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.

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