ValuEngine cut shares of eHealth (NASDAQ:EHTH) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.
Several other brokerages also recently weighed in on EHTH. Zacks Investment Research upgraded shares of eHealth from a sell rating to a hold rating in a research note on Monday, August 20th. BidaskClub upgraded shares of eHealth from a buy rating to a strong-buy rating in a research note on Thursday, August 16th. Chardan Capital initiated coverage on shares of eHealth in a report on Thursday, August 16th. They set a buy rating and a $40.00 price target for the company. Finally, Cantor Fitzgerald reissued an overweight rating and set a $26.00 price target on shares of eHealth in a report on Friday, July 27th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $26.86.
Shares of EHTH opened at $26.19 on Tuesday. eHealth has a fifty-two week low of $13.61 and a fifty-two week high of $32.96.
eHealth (NASDAQ:EHTH) last announced its earnings results on Thursday, July 26th. The financial services provider reported ($0.40) earnings per share for the quarter, topping the consensus estimate of ($0.45) by $0.05. eHealth had a negative net margin of 41.39% and a negative return on equity of 30.53%. The business had revenue of $32.66 million during the quarter, compared to the consensus estimate of $34.11 million. sell-side analysts forecast that eHealth will post 0.17 earnings per share for the current fiscal year.
In other eHealth news, Director Ellen O. Tauscher sold 31,857 shares of the stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $23.16, for a total value of $737,808.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack L. Oliver III sold 30,750 shares of the stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $24.82, for a total transaction of $763,215.00. Following the completion of the transaction, the director now directly owns 38,637 shares of the company’s stock, valued at $958,970.34. The disclosure for this sale can be found here. Corporate insiders own 4.14% of the company’s stock.
A number of institutional investors have recently modified their holdings of EHTH. MetLife Investment Advisors LLC purchased a new position in eHealth in the fourth quarter valued at about $139,000. KBC Group NV purchased a new position in eHealth in the first quarter valued at about $115,000. BlackRock Inc. increased its holdings in eHealth by 2.2% in the first quarter. BlackRock Inc. now owns 2,164,085 shares of the financial services provider’s stock valued at $30,968,000 after buying an additional 46,141 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in eHealth in the first quarter valued at about $216,000. Finally, Principal Financial Group Inc. increased its holdings in eHealth by 2.4% in the first quarter. Principal Financial Group Inc. now owns 125,608 shares of the financial services provider’s stock valued at $1,797,000 after buying an additional 2,981 shares in the last quarter. 90.21% of the stock is owned by institutional investors.
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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