eHealth (NASDAQ:EHTH)‘s stock had its “buy” rating reiterated by analysts at Craig Hallum in a research note issued to investors on Monday. They currently have a $28.00 target price on the financial services provider’s stock. Craig Hallum’s price target indicates a potential upside of 56.86% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. Jefferies Group increased their target price on shares of eHealth from $18.00 to $20.00 and gave the company a “hold” rating in a research report on Sunday, August 20th. BidaskClub raised shares of eHealth from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Cantor Fitzgerald reissued a “buy” rating and issued a $27.00 price objective on shares of eHealth in a report on Wednesday, October 18th. SunTrust Banks reissued a “buy” rating and issued a $30.00 price objective on shares of eHealth in a report on Friday, October 27th. Finally, Wells Fargo & Company upped their price objective on shares of eHealth from $18.00 to $24.00 and gave the company a “market perform” rating in a report on Thursday, October 19th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. eHealth presently has an average rating of “Hold” and a consensus target price of $25.33.

Shares of eHealth (NASDAQ:EHTH) traded down $1.13 during midday trading on Monday, hitting $17.85. 310,900 shares of the stock were exchanged, compared to its average volume of 163,088. eHealth has a 1-year low of $10.23 and a 1-year high of $28.59.

eHealth (NASDAQ:EHTH) last issued its earnings results on Thursday, October 26th. The financial services provider reported ($0.98) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.73) by ($0.25). The business had revenue of $26.62 million during the quarter, compared to analyst estimates of $25.55 million. eHealth had a negative net margin of 11.94% and a negative return on equity of 21.88%. eHealth’s quarterly revenue was down 17.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.23) earnings per share. sell-side analysts anticipate that eHealth will post -1.6 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Redmile Group LLC boosted its stake in eHealth by 2.7% during 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. boosted its stake in eHealth by 4.5% during 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 boosted its stake in eHealth by 7.4% during 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. Dimensional Fund Advisors LP boosted its stake in shares of eHealth by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 656,458 shares of the financial services provider’s stock valued at $12,341,000 after purchasing an additional 11,026 shares during the period. Finally, State Street Corp boosted its stake in shares of eHealth by 5.4% in the second quarter. State Street Corp now owns 400,022 shares of the financial services provider’s stock valued at $7,521,000 after purchasing an additional 20,572 shares during the period. 89.94% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for eHealth (NASDAQ:EHTH)

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