eHealth Coverage Initiated by Analysts at Stifel Nicolaus (EHTH)
Investment analysts at Stifel Nicolaus began coverage on shares of eHealth (NASDAQ:EHTH) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
The analysts wrote, “We are initiating coverage of eHealth, Inc. with a Hold rating on the shares. Given shares trade at 20.1x 2015E EV/adjusted EBITDA multiple, we believe the current valuation fails to reflect the significant uncertainties associated with market expansion opportunities, likely higher marketing expenses, and overall uncertainty around quarterly performance post-ACA.”
In other eHealth news, Director Jack L. Oliver III sold 3,038 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $35.10, for a total transaction of $106,633.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Other equities research analysts have also recently issued reports about the stock. 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. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. eHealth has a consensus rating of “Hold” and an average price target of $46.31.
Shares of eHealth (NASDAQ:EHTH) traded down 1.12% during mid-day trading on Tuesday, hitting $36.31. 29,467 shares of the company’s stock traded hands. eHealth has a 1-year low of $22.03 and a 1-year high of $63.32. The stock’s 50-day moving average is $36.30 and its 200-day moving average is $46.14. The company’s market cap is $690.7 million.
eHealth (NASDAQ:EHTH) last released its earnings data 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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