eHealth (NASDAQ:EHTH) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Thursday.
Several other equities analysts have also weighed in on EHTH. Zacks Investment Research lowered eHealth from a “buy” rating to a “hold” rating in a research note on Tuesday, May 15th. ValuEngine lowered eHealth from a “hold” rating to a “sell” rating in a research note on Thursday, May 17th. Cantor Fitzgerald lifted their price target on eHealth to $22.00 and gave the company an “overweight” rating in a research note on Friday, May 18th. Finally, Chardan Capital started coverage on eHealth in a research note on Thursday, August 16th. They issued a “buy” rating and a $40.00 price target for the company. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $26.86.
Shares of eHealth stock opened at $27.91 on Thursday. eHealth has a twelve month low of $13.61 and a twelve month high of $32.96. The stock has a market capitalization of $502.21 million, a P/E ratio of -21.80 and a beta of 1.39.
eHealth (NASDAQ:EHTH) last announced its quarterly earnings results on Thursday, July 26th. The financial services provider reported ($0.40) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.45) by $0.05. eHealth had a negative return on equity of 30.53% and a negative net margin of 41.39%. The firm had revenue of $32.66 million during the quarter, compared to analyst estimates of $34.11 million. research analysts forecast that eHealth will post 0.17 earnings per share for the current year.
In related news, Director Ellen O. Tauscher sold 31,857 shares of eHealth stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $23.16, for a total value of $737,808.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jack L. Oliver III sold 30,750 shares of eHealth stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $24.82, for a total value of $763,215.00. Following the completion of the sale, the director now owns 38,637 shares in the company, valued at $958,970.34. The disclosure for this sale can be found here. 4.14% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in eHealth in the 2nd quarter worth about $139,000. KBC Group NV acquired a new stake in eHealth in the 1st quarter worth about $115,000. Landscape Capital Management L.L.C. acquired a new stake in eHealth in the 1st quarter worth about $216,000. Victory Capital Management Inc. acquired a new stake in eHealth in the 2nd quarter worth about $343,000. Finally, A.R.T. Advisors LLC acquired a new stake in eHealth in the 1st quarter worth about $275,000. Institutional investors own 90.21% of the company’s stock.
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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