eHealth Inc. Hits New 52-Week High at $49.00 (EHTH)
Shares of eHealth (NASDAQ:EHTH) hit a new 52-week high during trading on Friday, StockRatingsNetwork.com reports. The stock traded as high as $49.00 and last traded at $48.92, with a volume of 248,208 shares trading hands. The stock had previously closed at $47.59.
A number of analysts have recently weighed in on EHTH shares. Analysts at SunTrust initiated coverage on shares of eHealth in a research note to investors on Friday, December 20th. They set a “buy” rating on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of eHealth in a research note to investors on Wednesday, December 11th. They set a “buy” rating and a $56.00 price target on the stock. Finally, analysts at FBR & Co. initiated coverage on shares of eHealth in a research note to investors on Thursday, October 31st. They set a “market perform” rating on the stock. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. eHealth presently has an average rating of “Buy” and an average target price of $36.71.
eHealth (NASDAQ:EHTH) last announced its earnings results on Thursday, October 24th. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.06. The company had revenue of $42.00 million for the quarter, compared to the consensus estimate of $41.35 million. During the same quarter last year, the company posted $0.09 earnings per share. eHealth’s revenue was up 11.8% compared to the same quarter last year.
eHealth, Inc (NASDAQ:EHTH) offers Internet-based health insurance agency services for individuals, families and small businesses in the United States, as well as technology licensing and Internet advertising services.
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