eHealth, Inc. (EHTH) Earns Hold Rating from Jefferies Group LLC
eHealth, Inc. (NASDAQ:EHTH)‘s stock had its “hold” rating restated by investment analysts at Jefferies Group LLC in a research note issued on Sunday. They presently have a $18.00 price objective on the financial services provider’s stock. Jefferies Group LLC’s price objective points to a potential upside of 1.47% from the stock’s current price.
Several other research firms have also commented on EHTH. Zacks Investment Research lowered shares of eHealth from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. BidaskClub lowered shares of eHealth from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. TheStreet lowered shares of eHealth from a “c” rating to a “d+” rating in a report on Thursday, July 27th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $20.00 price target on shares of eHealth in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.25.
eHealth (EHTH) opened at 17.74 on Friday. The firm’s 50 day moving average is $18.11 and its 200-day moving average is $15.08. The company’s market cap is $328.81 million. eHealth has a 52 week low of $6.38 and a 52 week high of $19.53.
eHealth (NASDAQ:EHTH) last released its quarterly earnings data 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 company had revenue of $28 million during 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%. eHealth’s quarterly revenue was down 24.9% on a year-over-year basis. During the same period last year, the firm earned $0.09 earnings per share. On average, analysts predict that eHealth will post ($0.94) earnings per share for the current fiscal year.
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In other news, Director Jack L. Oliver III sold 14,745 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $16.79, for a total value of $247,568.55. Following the completion of the sale, the director now owns 51,375 shares in the company, valued at approximately $862,586.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 6.22% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of EHTH. Texas Permanent School Fund raised its position in eHealth by 1.3% in the second quarter. Texas Permanent School Fund now owns 12,245 shares of the financial services provider’s stock valued at $230,000 after buying an additional 160 shares during the period. Ameriprise Financial Inc. raised its position in eHealth by 0.6% in the second quarter. Ameriprise Financial Inc. now owns 87,360 shares of the financial services provider’s stock valued at $1,642,000 after buying an additional 490 shares during the period. Comerica Bank raised its position in eHealth by 3.6% in the first quarter. Comerica Bank now owns 18,381 shares of the financial services provider’s stock valued at $216,000 after buying an additional 644 shares during the period. Principal Financial Group Inc. raised its position in eHealth by 0.6% in the second quarter. Principal Financial Group Inc. now owns 127,571 shares of the financial services provider’s stock valued at $2,398,000 after buying an additional 705 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in eHealth by 1.4% in the second quarter. Parametric Portfolio Associates LLC now owns 60,855 shares of the financial services provider’s stock valued at $1,144,000 after buying an additional 811 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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