eHealth, Inc. (NASDAQ:EHTH)‘s stock had its “buy” rating reissued by equities researchers at Cantor Fitzgerald in a note issued to investors on Thursday. They presently have a $20.00 price objective on the financial services provider’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 7.87% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. BidaskClub upgraded eHealth from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded eHealth from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Wednesday, July 12th. Jefferies Group LLC boosted their price objective on eHealth from $15.00 to $20.00 and gave the company a “hold” rating in a report on Thursday, May 11th. Finally, TheStreet upgraded eHealth from a “d+” rating to a “c” rating in a report on Thursday, April 27th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. eHealth has an average rating of “Buy” and a consensus target price of $18.00.

eHealth (NASDAQ EHTH) opened at 18.54 on Thursday. eHealth has a one year low of $6.38 and a one year high of $19.53. The company has a market cap of $341.71 million, a P/E ratio of 32.58 and a beta of 1.60. The company’s 50 day moving average price is $18.50 and its 200-day moving average price is $14.46.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings data on Thursday, April 27th. The financial services provider reported $1.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $1.55. eHealth had a return on equity of 11.84% and a net margin of 5.47%. The company had revenue of $78.94 million during the quarter, compared to analysts’ expectations of $69.97 million. During the same quarter in the previous year, the business earned $1.10 EPS. eHealth’s revenue was up 6.9% compared to the same quarter last year. On average, analysts forecast that eHealth will post ($1.01) EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in 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. California Public Employees Retirement System raised its position in eHealth by 9.4% in the first quarter. California Public Employees Retirement System now owns 109,900 shares of the financial services provider’s stock valued at $1,323,000 after buying an additional 9,400 shares during the last quarter. Principal Financial Group Inc. raised its position in eHealth by 3.6% in the first quarter. Principal Financial Group Inc. now owns 126,866 shares of the financial services provider’s stock valued at $1,527,000 after buying an additional 4,461 shares during the last quarter. OppenheimerFunds Inc. raised its position in eHealth by 11.1% in the first quarter. OppenheimerFunds Inc. now owns 12,891 shares of the financial services provider’s stock valued at $156,000 after buying an additional 1,289 shares during the last quarter. Finally, Cowen Prime Services LLC raised its position in eHealth by 1.4% in the first quarter. Cowen Prime Services LLC now owns 615,850 shares of the financial services provider’s stock valued at $7,415,000 after buying an additional 8,600 shares during the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.

eHealth Company Profile

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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