Favorable News Coverage Somewhat Unlikely to Impact eHealth (EHTH) Share Price
News articles about eHealth (NASDAQ:EHTH) have trended positive on Thursday, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. 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 coverage optimism score of 0.26 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.0561511062512 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- eHealth : 90 Percent of Those Enrolled in Medicare Prescription Drug Coverage Could be Overpaying, eHealth Analysis Shows (4-traders.com)
- Affordable Obamacare Alternatives: eHealth Analysis Shows Medical Insurance Packages Cost 50% Less than Obamacare Plans (pressreleasepoint.com)
- eHealth, Inc. (EHTH) Stock Rating Upgraded by BidaskClub (americanbankingnews.com)
- Bristol Myers Squibb Co (BMY) Holding Held by Wellington Management Group Llp (wisdomsave.com)
EHTH has been the topic of several research analyst reports. Cantor Fitzgerald reissued a “buy” rating and set a $20.00 price target on shares of eHealth in a report on Thursday, May 11th. Zacks Investment Research raised eHealth from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Wednesday, July 12th. BidaskClub raised eHealth from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. TheStreet cut eHealth from a “c” rating to a “d+” rating in a report on Thursday, July 27th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $18.00 price target on shares of eHealth in a report on Friday, July 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $18.75.
Shares of eHealth (NASDAQ EHTH) traded up 2.88% during trading on Thursday, reaching $24.28. The company had a trading volume of 173,648 shares. The stock’s market capitalization is $450.03 million. The company’s 50 day moving average is $18.27 and its 200-day moving average is $15.35. eHealth has a 1-year low of $6.38 and a 1-year high of $24.75.
eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported ($0.92) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.75) by $0.17. The firm had revenue of $28 million during the quarter, compared to analyst estimates of $29.25 million. eHealth had a negative return on equity of 5.64% and a negative net margin of 3.44%. The company’s revenue was down 24.9% on a year-over-year basis. During the same quarter last year, the company posted $0.09 EPS. On average, equities research analysts anticipate that eHealth will post ($0.94) earnings per share for the current year.
In other eHealth news, Director Jack L. Oliver III sold 14,745 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $16.79, for a total value of $247,568.55. Following the completion of the transaction, the director now owns 51,375 shares in the company, valued at $862,586.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate 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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