Jefferies Group LLC Reaffirms Hold Rating for eHealth, Inc. (EHTH)
eHealth, Inc. (NASDAQ:EHTH)‘s stock had its “hold” rating restated by stock analysts at Jefferies Group LLC in a research report issued on Friday. They currently have a $18.00 price target on the financial services provider’s stock. Jefferies Group LLC’s price target would suggest a potential downside of 4.05% from the company’s current price.
EHTH has been the subject of several other reports. Cantor Fitzgerald restated an “overweight” rating and issued a $15.00 price objective on shares of eHealth in a research note on Friday, March 17th. Zacks Investment Research upgraded eHealth from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective for the company in a research note on Tuesday, May 9th. Finally, TheStreet upgraded eHealth from a “d+” rating to a “c” rating in a research note on Thursday, April 27th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $18.00.
eHealth (EHTH) traded up 1.08% during mid-day trading on Friday, reaching $18.76. The company’s stock had a trading volume of 142,243 shares. The firm has a market cap of $345.77 million, a PE ratio of 32.97 and a beta of 1.60. eHealth has a 12-month low of $6.38 and a 12-month high of $19.53. The company has a 50-day moving average price of $18.19 and a 200-day moving average price of $13.42.
eHealth (NASDAQ:EHTH) last announced its earnings results on Thursday, April 27th. The financial services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $1.55. The business had revenue of $78.94 million during the quarter, compared to analyst estimates of $69.97 million. eHealth had a net margin of 5.47% and a return on equity of 11.84%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 EPS. On average, equities research analysts expect that eHealth will post ($1.01) earnings per share for the current year.
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In related news, insider James E. Flynn sold 426,954 shares of the stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $11.66, for a total value of $4,978,283.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.22% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Redmile Group LLC increased its stake in shares of eHealth by 19.4% in the first quarter. Redmile Group LLC now owns 1,191,334 shares of the financial services provider’s stock valued at $14,344,000 after buying an additional 193,713 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of eHealth by 5.9% in the first quarter. Vanguard Group Inc. now owns 932,496 shares of the financial services provider’s stock valued at $11,227,000 after buying an additional 52,357 shares during the last quarter. Cannell Capital LLC increased its stake in shares of eHealth by 37.2% in the first quarter. Cannell Capital LLC now owns 916,364 shares of the financial services provider’s stock valued at $11,033,000 after buying an additional 248,417 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of eHealth by 11.3% in the first quarter. Renaissance Technologies LLC now owns 878,900 shares of the financial services provider’s stock valued at $10,582,000 after buying an additional 89,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of eHealth by 9.6% in the first quarter. Dimensional Fund Advisors LP now owns 645,432 shares of the financial services provider’s stock valued at $7,771,000 after buying an additional 56,767 shares during the last quarter. 93.51% of the stock is owned by hedge funds and other institutional investors.
eHealth, Inc provides a private online source of health insurance for individuals, families and small businesses. The Company is the parent company of eHealthInsurance, a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers side-by-side, and purchase and enroll in coverage online through its Websites (www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com) or telephonically through its customer care centers.
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