eHealth, Inc. (EHTH) Given Consensus Recommendation of “Hold” by Analysts
Shares of eHealth, Inc. (NASDAQ:EHTH) have been assigned an average recommendation of “Hold” from the eight analysts that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $23.80.
Several equities research analysts have recently weighed in on EHTH shares. BidaskClub raised eHealth from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Jefferies Group LLC reissued a “hold” rating and set a $20.00 price objective (up from $18.00) on shares of eHealth in a research note on Saturday, August 26th. Cantor Fitzgerald raised their price objective on eHealth from $21.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, October 2nd. Wells Fargo & Company raised their price objective on eHealth from $18.00 to $24.00 and gave the stock a “market perform” rating in a research note on Thursday, October 19th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $30.00 target price on shares of eHealth in a research report on Friday.
Several institutional investors have recently modified their holdings of EHTH. BNP Paribas Arbitrage SA boosted its position in shares of eHealth by 92.1% in the second quarter. BNP Paribas Arbitrage SA now owns 7,611 shares of the financial services provider’s stock worth $143,000 after buying an additional 3,650 shares during the period. OppenheimerFunds Inc. boosted its position in shares of eHealth by 11.1% in the first quarter. OppenheimerFunds Inc. now owns 12,891 shares of the financial services provider’s stock worth $156,000 after buying an additional 1,289 shares during the period. Thrivent Financial For Lutherans acquired a new stake in shares of eHealth in the second quarter worth $190,000. Hancock Holding Co. acquired a new stake in shares of eHealth in the second quarter worth $198,000. Finally, Voya Investment Management LLC acquired a new stake in shares of eHealth in the second quarter worth $201,000. 90.00% of the stock is owned by institutional investors and hedge funds.
Shares of eHealth (NASDAQ EHTH) traded up 1.93% during mid-day trading on Thursday, hitting $25.38. The stock had a trading volume of 176,480 shares. The company has a 50 day moving average price of $23.73 and a 200 day moving average price of $19.47. eHealth has a 12-month low of $7.44 and a 12-month high of $26.29. The firm’s market cap is $470.42 million.
eHealth (NASDAQ:EHTH) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported ($0.98) earnings per share for the quarter, missing the consensus estimate of ($0.73) by ($0.25). The company had revenue of $26.62 million for the quarter, compared to the consensus estimate of $25.55 million. eHealth had a negative return on equity of 21.88% and a negative net margin of 11.94%. The business’s revenue was down 17.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.23) earnings per share. Equities analysts forecast that eHealth will post ($1.03) earnings per share for the current fiscal year.
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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