Jefferies Group LLC Reiterates “Hold” Rating for eHealth, Inc. (EHTH)
eHealth, Inc. (NASDAQ:EHTH)‘s stock had its “hold” rating reissued by Jefferies Group LLC in a research note issued on Saturday. They presently have a $20.00 price objective on the financial services provider’s stock, up from their prior price objective of $18.00. Jefferies Group LLC’s target price points to a potential downside of 12.51% from the company’s previous close.
EHTH has been the topic of a number of other reports. Zacks Investment Research upgraded shares of eHealth from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a research report on Tuesday, May 9th. BidaskClub upgraded shares of eHealth from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Cantor Fitzgerald restated a “buy” rating and set a $20.00 target price on shares of eHealth in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $18.75.
eHealth (NASDAQ EHTH) opened at 22.86 on Friday. eHealth has a 52 week low of $6.38 and a 52 week high of $23.08. The stock’s 50 day moving average is $18.27 and its 200-day moving average is $15.35. The firm’s market capitalization is $423.71 million.
eHealth (NASDAQ:EHTH) last released its earnings results on Thursday, July 27th. The financial services provider reported ($0.92) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.75) by $0.17. eHealth had a negative net margin of 3.44% and a negative return on equity of 5.64%. The business had revenue of $28 million for the quarter, compared to analyst estimates of $29.25 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The business’s revenue for the quarter was down 24.9% on a year-over-year basis. On average, equities research analysts expect that eHealth will post ($0.94) EPS for the current year.
In other eHealth 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 transaction, the director now directly owns 51,375 shares in the company, valued at approximately $862,586.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.26% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP purchased a new stake in shares of eHealth during the second quarter worth $1,467,000. Private Advisory Group LLC purchased a new stake in shares of eHealth during the second quarter worth $408,000. Redmile Group LLC increased its stake in shares of 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 in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of eHealth by 28.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 75,149 shares of the financial services provider’s stock worth $1,413,000 after buying an additional 16,505 shares in the last quarter. Finally, State Street Corp increased 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 worth $7,521,000 after buying an additional 20,572 shares in the last quarter. Institutional investors and hedge funds own 89.99% 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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