eHealth’s (EHTH) Hold Rating Reaffirmed at Jefferies Group LLC
Jefferies Group LLC restated their hold rating on shares of eHealth, Inc. (NASDAQ:EHTH) in a report released on Saturday. The firm currently has a $20.00 price objective on the financial services provider’s stock, up from their previous price objective of $18.00.
A number of other analysts also recently issued reports on EHTH. Zacks Investment Research raised eHealth from a hold rating to a strong-buy rating and set a $20.00 price target for the company in a report on Tuesday, May 9th. Cantor Fitzgerald reaffirmed a buy rating and set a $20.00 price target on shares of eHealth in a report on Thursday, May 11th. BidaskClub raised eHealth from a hold rating to a buy rating in a report on Wednesday, July 19th. Finally, TheStreet downgraded eHealth from a c rating to a d+ rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. eHealth currently has a consensus rating of Hold and an average price target of $18.75.
eHealth (NASDAQ:EHTH) opened at 22.61 on Friday. eHealth has a 12-month low of $6.38 and a 12-month high of $23.37. The firm has a 50-day moving average price of $18.27 and a 200-day moving average price of $15.35. The company’s market cap is $419.08 million.
eHealth (NASDAQ:EHTH) last released its earnings results on Thursday, July 27th. The financial services provider reported ($0.92) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.75) by $0.17. The company had revenue of $28 million during the quarter, compared to analysts’ expectations of $29.25 million. eHealth had a negative net margin of 3.44% and a negative return on equity of 5.64%. The company’s revenue for the quarter was down 24.9% on a year-over-year basis. During the same quarter last year, the business posted $0.09 earnings per share. On average, equities research analysts forecast that eHealth will post ($0.94) earnings per share for the current fiscal year.
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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 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 approximately $862,586.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.26% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the company. State Street Corp increased its stake in shares of eHealth by 6.3% in the fourth quarter. State Street Corp now owns 350,109 shares of the financial services provider’s stock worth $3,725,000 after buying an additional 20,695 shares during the period. Teachers Advisors LLC increased its stake in shares of eHealth by 8.1% in the fourth quarter. Teachers Advisors LLC now owns 31,136 shares of the financial services provider’s stock worth $332,000 after buying an additional 2,337 shares during the period. Bank of New York Mellon Corp increased its stake in shares of eHealth by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 159,009 shares of the financial services provider’s stock worth $1,915,000 after buying an additional 3,931 shares during the period. Comerica Bank increased its stake in shares of eHealth by 3.6% in the first quarter. Comerica Bank now owns 18,381 shares of the financial services provider’s stock worth $216,000 after buying an additional 644 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of eHealth by 4.7% in the first quarter. Ameriprise Financial Inc. now owns 86,870 shares of the financial services provider’s stock worth $1,046,000 after buying an additional 3,920 shares during the period. 89.99% of the stock is owned by institutional investors.
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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