eHealth, Inc. (NASDAQ:EHTH) Downgraded by Zacks Investment Research
eHealth, Inc. (NASDAQ:EHTH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
According to Zacks, “eHealth, Inc. is the parent company of eHealthInsurance, the leading online source of health insurance for individuals, families and small businesses. eHealthInsurance presents complex health insurance information in an objective, user-friendly format, enabling the research, analysis, comparison and purchase of health insurance products that best meet consumers’ needs. eHealth and eHealthInsurance.com are registered trademarks of eHealthInsurance Services, Inc. eHealth, Inc. and its technology was responsible for the nation’s first Internet-based sale of a health insurance policy. The Company is headquartered in Mountain View, California. “
EHTH has been the subject of a number of other research reports. Cantor Fitzgerald restated a “buy” rating and issued a $15.00 price objective on shares of eHealth in a report on Thursday, March 23rd. TheStreet upgraded shares of eHealth from a “d+” rating to a “c” rating in a report on Thursday, April 27th. Jefferies Group LLC restated a “hold” rating and issued a $11.50 price objective on shares of eHealth in a report on Thursday, March 30th. Finally, BidaskClub upgraded shares of eHealth from a “hold” rating to a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. eHealth currently has a consensus rating of “Buy” and a consensus price target of $18.00.
eHealth (NASDAQ EHTH) traded up 0.10% during trading on Friday, hitting $19.14. 121,336 shares of the stock were exchanged. The stock has a market cap of $352.77 million, a P/E ratio of 33.64 and a beta of 1.60. eHealth has a 12 month low of $6.38 and a 12 month high of $19.53. The stock’s 50 day moving average price is $18.42 and its 200 day moving average price is $14.23.
eHealth (NASDAQ:EHTH) last announced its quarterly earnings data 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 firm had revenue of $78.94 million during the quarter, compared to analysts’ expectations of $69.97 million. eHealth had a net margin of 5.47% and a return on equity of 11.84%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 earnings per share. Analysts forecast that eHealth will post ($1.01) EPS for the current fiscal year.
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In other eHealth news, insider James E. Flynn sold 426,954 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $11.66, for a total transaction of $4,978,283.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.22% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Comerica Bank boosted its position in eHealth by 5.9% in the fourth quarter. Comerica Bank now owns 17,737 shares of the financial services provider’s stock valued at $221,000 after buying an additional 989 shares during the period. State Street Corp boosted its position in eHealth by 6.3% in the fourth quarter. State Street Corp now owns 350,109 shares of the financial services provider’s stock valued at $3,725,000 after buying an additional 20,695 shares during the period. Dimensional Fund Advisors LP boosted its position in eHealth by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 588,665 shares of the financial services provider’s stock valued at $6,269,000 after buying an additional 19,629 shares during the period. Renaissance Technologies LLC boosted its position in eHealth by 4.7% in the fourth quarter. Renaissance Technologies LLC now owns 789,500 shares of the financial services provider’s stock valued at $8,408,000 after buying an additional 35,800 shares during the period. Finally, Two Sigma Investments LP boosted its position in eHealth by 290.7% in the fourth quarter. Two Sigma Investments LP now owns 80,674 shares of the financial services provider’s stock valued at $859,000 after buying an additional 60,023 shares during the period. Institutional investors own 93.51% of the company’s stock.
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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