eHealth, Inc. to Post FY2017 Earnings of ($1.47) Per Share, SunTrust Banks Forecasts (EHTH)

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.

Other analysts have also recently issued research reports about the stock. Jefferies Group boosted their target price on shares of eHealth from $20.00 to $23.00 and gave the stock a “hold” rating in a research note on Monday, October 30th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $27.00 target price on shares of eHealth in a research note on Wednesday, October 18th. TheStreet cut shares of eHealth from a “c-” rating to a “d” rating in a research note on Wednesday, December 13th. BidaskClub cut shares of eHealth from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 14th. Finally, Wells Fargo & Co boosted their target price on shares of eHealth from $18.00 to $24.00 and gave the stock a “market perform” rating in a research note on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $25.33.

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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