eHealth Director Sells $106,634 in Stock (EHTH)
eHealth (NASDAQ:EHTH) Director Jack L. Oliver III sold 3,038 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $35.10, for a total transaction of $106,633.80. Following the completion of the transaction, the director now directly owns 35,163 shares in the company, valued at approximately $1,234,221. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on EHTH shares. Analysts at Jefferies Group downgraded shares of eHealth from a “buy” rating to a “hold” rating in a research note on Tuesday, June 10th. They now have a $40.00 price target on the stock, down previously from $62.00. Separately, analysts at Zacks upgraded shares of eHealth from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 22nd. They now have a $34.20 price target on the stock. Finally, analysts at Bank of America reiterated a “buy” rating on shares of eHealth in a research note on Friday, May 2nd. They now have a $53.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $46.31.
Shares of eHealth (NASDAQ:EHTH) traded up 1.46% on Monday, hitting $36.72. 309,584 shares of the company’s stock traded hands. eHealth has a 52-week low of $22.03 and a 52-week high of $63.32. The stock has a 50-day moving average of $36.67 and a 200-day moving average of $46.17. The company’s market cap is $698.5 million.
eHealth (NASDAQ:EHTH) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.01 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.02. The company had revenue of $50.90 million for the quarter, compared to the consensus estimate of $51.37 million. During the same quarter last year, the company posted $0.17 earnings per share. eHealth’s revenue was up 17.8% compared to the same quarter last year. On average, analysts predict that eHealth will post $0.10 earnings per share for the current fiscal 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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