William Blair Equities Analysts Increase Earnings Estimates for eHealth, Inc. (NASDAQ:EHTH)
eHealth, Inc. (NASDAQ:EHTH) – Investment analysts at William Blair raised their Q1 2018 earnings per share estimates for shares of eHealth in a research report issued to clients and investors on Monday. William Blair analyst A. Klauber now anticipates that the financial services provider will post earnings per share of $0.96 for the quarter, up from their previous forecast of $0.95.
eHealth (NASDAQ:EHTH) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported ($0.92) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.75) by $0.17. eHealth had a negative return on equity of 5.64% and a negative net margin of 3.44%. The firm had revenue of $28 million during the quarter, compared to the consensus estimate of $29.25 million. During the same period in the prior year, the firm posted $0.09 EPS. The firm’s quarterly revenue was down 24.9% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: This news story was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.thecerbatgem.com/2017/08/04/william-blair-equities-analysts-increase-earnings-estimates-for-ehealth-inc-nasdaqehth.html.
Several other analysts also recently commented on the company. Zacks Investment Research downgraded eHealth from a “hold” rating to a “strong sell” rating in a research note on Thursday. BidaskClub downgraded eHealth from a “hold” rating to a “sell” rating in a research note on Thursday. TheStreet downgraded eHealth from a “c” rating to a “d+” rating in a research note on Thursday, July 27th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $20.00 price objective on shares of eHealth in a research note on Thursday, July 27th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $18.00 price target on shares of eHealth in a research note on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $18.25.
Shares of eHealth (NASDAQ EHTH) traded up 3.32% during midday trading on Wednesday, hitting $17.73. The stock had a trading volume of 94,377 shares. The stock has a 50 day moving average price of $18.45 and a 200-day moving average price of $14.64. The stock’s market capitalization is $327.67 million. eHealth has a 52 week low of $6.38 and a 52 week high of $19.53.
Several hedge funds have recently added to or reduced their stakes in EHTH. Cannell Capital LLC increased its stake in eHealth by 37.2% in the first quarter. Cannell Capital LLC now owns 916,364 shares of the financial services provider’s stock worth $11,033,000 after buying an additional 248,417 shares in the last quarter. Redmile Group LLC boosted its position in eHealth by 19.4% in the first quarter. Redmile Group LLC now owns 1,191,334 shares of the financial services provider’s stock worth $14,344,000 after buying an additional 193,713 shares during the last quarter. Renaissance Technologies LLC boosted its position in eHealth by 11.3% in the first quarter. Renaissance Technologies LLC now owns 878,900 shares of the financial services provider’s stock worth $10,582,000 after buying an additional 89,400 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in eHealth by 9.6% in the first quarter. Dimensional Fund Advisors LP now owns 645,432 shares of the financial services provider’s stock worth $7,771,000 after buying an additional 56,767 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in eHealth by 5.9% in the first quarter. Vanguard Group Inc. now owns 932,496 shares of the financial services provider’s stock worth $11,227,000 after buying an additional 52,357 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.
In other eHealth news, Director Jack L. Oliver III sold 14,745 shares of eHealth stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $16.79, for a total value of $247,568.55. Following the sale, the director now owns 51,375 shares of the company’s stock, valued at approximately $862,586.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.22% of the company’s stock.
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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