Zacks Investment Research Upgrades eHealth Inc. (EHTH) to “Hold”
eHealth Inc. (NASDAQ:EHTH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday.
According to Zacks, “eHealth, Inc. is the parent company of eHealthInsurance, the leading online source of health insurance for individuals, families and small businesses. eHealthInsurance presents complex health insurance information in an objective, user-friendly format, enabling the research, analysis, comparison and purchase of health insurance products that best meet consumers’ needs. eHealth and eHealthInsurance.com are registered trademarks of eHealthInsurance Services, Inc. eHealth, Inc. and its technology was responsible for the nation’s first Internet-based sale of a health insurance policy. The Company is headquartered in Mountain View, California. “
A number of other brokerages have also issued reports on EHTH. Craig Hallum lowered shares of eHealth from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Jefferies Group lowered their price target on shares of eHealth from $13.00 to $12.00 and set a “hold” rating on the stock in a report on Friday, July 29th. Finally, FBR & Co reissued an “outperform” rating and issued a $17.00 price target on shares of eHealth in a report on Tuesday, July 12th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $15.00.
eHealth (NASDAQ:EHTH) opened at 11.21 on Thursday. The firm’s 50-day moving average is $11.28 and its 200 day moving average is $11.73. The firm has a market cap of $205.43 million, a PE ratio of 22.29 and a beta of 1.00. eHealth has a 1-year low of $8.14 and a 1-year high of $15.14.
eHealth (NASDAQ:EHTH) last announced its earnings results on Thursday, July 28th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.09. eHealth had a net margin of 4.58% and a return on equity of 11.85%. The business had revenue of $37.28 million for the quarter, compared to analyst estimates of $37.93 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. eHealth’s revenue was down 6.6% compared to the same quarter last year. On average, equities analysts forecast that eHealth will post $0.65 earnings per share for the current fiscal year.
In other news, CEO Scott N. Flanders bought 117,000 shares of eHealth stock in a transaction dated Thursday, August 4th. The shares were bought at an average price of $9.15 per share, for a total transaction of $1,070,550.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Goldberg bought 25,000 shares of eHealth stock in a transaction dated Tuesday, August 2nd. The stock was purchased at an average price of $9.28 per share, for a total transaction of $232,000.00. The disclosure for this purchase can be found here. 6.22% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Royce & Associates LP increased its position in shares of eHealth by 32.5% in the second quarter. Royce & Associates LP now owns 787,257 shares of the company’s stock valued at $11,037,000 after buying an additional 192,962 shares during the period. EAM Investors LLC bought a new position in shares of eHealth during the second quarter valued at about $2,495,000. Cowen Prime Services LLC increased its position in shares of eHealth by 221.6% in the second quarter. Cowen Prime Services LLC now owns 257,300 shares of the company’s stock valued at $3,607,000 after buying an additional 177,300 shares during the period. Renaissance Technologies LLC increased its position in shares of eHealth by 49.7% in the first quarter. Renaissance Technologies LLC now owns 410,800 shares of the company’s stock valued at $3,857,000 after buying an additional 136,300 shares during the period. Finally, Mckinley Capital Management LLC Delaware bought a new position in shares of eHealth during the second quarter valued at about $1,580,000. Institutional investors own 89.74% 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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