eHealth, Inc. (NASDAQ:EHTH) – Analysts at SunTrust Banks lifted their FY2017 earnings estimates for shares of eHealth in a research note issued to investors on Tuesday. SunTrust Banks analyst T. Sommer now forecasts that the financial services provider will post earnings per share of ($1.47) for the year, up from their previous estimate of ($1.98). SunTrust Banks has a “Buy” rating and a $30.00 price target on the stock. SunTrust Banks also issued estimates for eHealth’s Q4 2017 earnings at ($1.24) EPS.
eHealth (NASDAQ:EHTH) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported ($0.98) EPS for the quarter, missing the consensus estimate of ($0.73) by ($0.25). eHealth had a negative net margin of 11.94% and a negative return on equity of 21.88%. The firm had revenue of $26.62 million for the quarter, compared to analyst estimates of $25.55 million. During the same quarter in the prior year, the firm earned ($0.23) earnings per share. The firm’s revenue for the quarter was down 17.0% on a year-over-year basis.
eHealth (EHTH) opened at $18.42 on Friday. eHealth has a 1 year low of $10.35 and a 1 year high of $28.59. The company has a market cap of $345.07, a P/E ratio of -16.02 and a beta of 1.58.
Several hedge funds and other institutional investors have recently bought and sold shares of EHTH. Lyon Street Capital LLC bought a new stake in shares of eHealth during the second quarter worth $2,991,000. EAM Investors LLC bought a new stake in shares of eHealth in the second quarter worth $1,689,000. Susquehanna International Group LLP bought a new stake in shares of eHealth in the second quarter worth $1,467,000. Russell Investments Group Ltd. bought a new stake in shares of eHealth in the third quarter worth $1,550,000. Finally, Renaissance Technologies LLC grew its stake in shares of 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 purchasing an additional 64,700 shares during the last quarter. 89.94% of the stock is currently owned by hedge funds and other 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.
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