eHealth, Inc. (EHTH) Price Target Raised to $20.00
eHealth, Inc. (NASDAQ:EHTH) had its price target upped by research analysts at Jefferies Group LLC from $18.00 to $20.00 in a research report issued on Sunday. The firm presently has a “hold” rating on the financial services provider’s stock. Jefferies Group LLC’s price objective would suggest a potential upside of 4.00% from the stock’s current price.
Several other brokerages have also recently issued reports on EHTH. BidaskClub cut shares of eHealth from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of eHealth from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Wednesday, July 12th. Cantor Fitzgerald restated a “buy” rating and set a $20.00 target price on shares of eHealth in a research report on Thursday, May 11th. Finally, TheStreet upgraded shares of eHealth from a “d+” rating to a “c” rating in a research report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $18.25.
Shares of eHealth (NASDAQ EHTH) traded up 10.61% during midday trading on Friday, reaching $21.27. The company had a trading volume of 179,330 shares. The company’s market capitalization is $394.24 million. eHealth has a one year low of $6.38 and a one year high of $21.39. The company has a 50 day moving average of $18.13 and a 200 day moving average of $15.27.
eHealth (NASDAQ:EHTH) last announced its earnings results on Thursday, July 27th. The financial services provider reported ($0.92) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.75) by $0.17. The business had revenue of $28 million for the quarter, compared to analysts’ expectations of $29.25 million. eHealth had a negative net margin of 3.44% and a negative return on equity of 5.64%. The firm’s quarterly revenue was down 24.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 earnings per share. Analysts predict that eHealth will post ($0.94) EPS for the current fiscal year.
In other news, Director Jack L. Oliver III sold 14,745 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $16.79, for a total transaction of $247,568.55. Following the sale, the director now directly owns 51,375 shares in the company, valued at approximately $862,586.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.22% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the stock. Redmile Group LLC raised its stake in eHealth by 2.7% in the second quarter. Redmile Group LLC now owns 1,223,334 shares of the financial services provider’s stock worth $22,999,000 after buying an additional 32,000 shares during the period. Vanguard Group Inc. raised its stake in eHealth by 4.5% in the second quarter. Vanguard Group Inc. now owns 974,784 shares of the financial services provider’s stock worth $18,326,000 after buying an additional 42,288 shares during the period. Renaissance Technologies LLC raised its stake in eHealth by 7.4% in the second quarter. Renaissance Technologies LLC now owns 943,600 shares of the financial services provider’s stock worth $17,740,000 after buying an additional 64,700 shares during the period. Cannell Capital LLC raised its stake in eHealth by 37.2% in the first quarter. Cannell Capital LLC now owns 916,364 shares of the financial services provider’s stock worth $11,033,000 after buying an additional 248,417 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in eHealth by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 656,458 shares of the financial services provider’s stock worth $12,341,000 after buying an additional 11,026 shares during the period. Hedge funds and other institutional investors own 92.17% of the company’s stock.
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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