Somewhat Positive Media Coverage Somewhat Unlikely to Affect eHealth (EHTH) Share Price
News stories about eHealth (NASDAQ:EHTH) have been trending somewhat positive on Sunday, according to Accern. Accern scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. eHealth earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.1292744516444 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
eHealth (EHTH) traded up 0.81% on Friday, reaching $17.53. 95,069 shares of the company were exchanged. The firm’s market capitalization is $324.92 million. The firm has a 50-day moving average of $18.22 and a 200 day moving average of $14.88. eHealth has a 12-month low of $6.38 and a 12-month high of $19.53.
eHealth (NASDAQ:EHTH) last announced its earnings results 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 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 analysts’ expectations of $29.25 million. During the same period in the prior year, the company posted $0.09 earnings per share. The firm’s quarterly revenue was down 24.9% on a year-over-year basis. On average, equities analysts predict that eHealth will post ($0.94) earnings per share for the current year.
EHTH has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of eHealth from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective for the company in a research note on Tuesday, May 9th. Jefferies Group LLC reiterated a “hold” rating and issued a $18.00 price objective on shares of eHealth in a research note on Friday, July 14th. TheStreet upgraded shares of eHealth from a “d+” rating to a “c” rating in a research note on Thursday, April 27th. Cantor Fitzgerald reiterated a “buy” rating and issued a $20.00 price objective on shares of eHealth in a research note on Thursday, July 27th. Finally, BidaskClub lowered shares of eHealth from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. 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 stock. eHealth currently has a consensus rating of “Hold” and an average price target of $18.25.
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In other eHealth news, Director Jack L. Oliver III sold 14,745 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $16.79, for a total transaction of $247,568.55. Following the completion of the sale, the director now directly owns 51,375 shares of the company’s stock, valued at $862,586.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 6.22% of the stock is currently owned by corporate insiders.
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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