BidaskClub upgraded shares of eHealth (NASDAQ:EHTH) from a hold rating to a buy rating in a research report released on Tuesday.

Other analysts have also issued research reports about the company. Zacks Investment Research raised eHealth from a sell rating to a hold rating in a report on Wednesday, September 19th. Cantor Fitzgerald reaffirmed an overweight rating and issued a $26.00 target price on shares of eHealth in a report on Friday, July 27th. ValuEngine raised eHealth from a hold rating to a buy rating in a report on Friday, July 6th. Finally, Chardan Capital began coverage on eHealth in a report on Thursday, August 16th. They issued a buy rating and a $40.00 target price on the stock. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $28.71.

Shares of NASDAQ EHTH opened at $27.99 on Tuesday. The stock has a market cap of $541.91 million, a PE ratio of -21.66 and a beta of 1.35. eHealth has a 52 week low of $13.61 and a 52 week high of $32.96.

eHealth (NASDAQ:EHTH) last released its earnings results on Thursday, July 26th. The financial services provider reported ($0.40) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.45) by $0.05. The firm had revenue of $32.66 million for the quarter, compared to analyst estimates of $34.11 million. eHealth had a negative return on equity of 30.53% and a negative net margin of 41.39%. Analysts expect that eHealth will post 0.17 earnings per share for the current year.

In other eHealth news, Director Jack L. Oliver III sold 30,750 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $24.82, for a total value of $763,215.00. Following the sale, the director now owns 38,637 shares of the company’s stock, valued at approximately $958,970.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ellen O. Tauscher sold 31,857 shares of the firm’s stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $23.16, for a total value of $737,808.12. The disclosure for this sale can be found here. Company insiders own 4.14% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. lifted its position in shares of eHealth by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 125,608 shares of the financial services provider’s stock worth $1,797,000 after acquiring an additional 2,981 shares during the period. Victory Capital Management Inc. bought a new stake in shares of eHealth in the 2nd quarter worth approximately $343,000. Redmile Group LLC lifted its position in shares of eHealth by 3.6% in the 2nd quarter. Redmile Group LLC now owns 1,377,895 shares of the financial services provider’s stock worth $30,451,000 after acquiring an additional 47,400 shares during the period. GSA Capital Partners LLP bought a new stake in shares of eHealth in the 2nd quarter worth approximately $906,000. Finally, Rhumbline Advisers lifted its position in shares of eHealth by 17.7% in the 2nd quarter. Rhumbline Advisers now owns 43,631 shares of the financial services provider’s stock worth $964,000 after acquiring an additional 6,557 shares during the period. Institutional investors own 90.20% of the company’s stock.

About eHealth

eHealth, Inc provides private online health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its e-commerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.

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Analyst Recommendations for eHealth (NASDAQ:EHTH)

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