eHealth, Inc. (EHTH) Given New $24.00 Price Target at Wells Fargo & Co
eHealth, Inc. (NASDAQ:EHTH) had its target price lifted by Wells Fargo & Co from $18.00 to $24.00 in a report issued on Thursday morning. The firm currently has a market perform rating on the financial services provider’s stock.
EHTH has been the topic of a number of other research reports. Cantor Fitzgerald restated a buy rating and set a $20.00 price objective on shares of eHealth in a research note on Thursday, July 27th. Jefferies Group LLC restated a hold rating and set a $18.00 price objective on shares of eHealth in a research note on Friday, July 14th. TheStreet upgraded eHealth from a d+ rating to a c rating in a research note on Monday. Zacks Investment Research lowered eHealth from a buy rating to a hold rating in a research note on Thursday, July 13th. Finally, BidaskClub upgraded eHealth from a sell rating to a hold rating in a research note on Thursday, August 24th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $21.33.
Shares of eHealth (NASDAQ EHTH) traded down 1.84% during mid-day trading on Thursday, reaching $22.92. The company’s stock had a trading volume of 81,516 shares. The firm has a 50 day moving average price of $24.01 and a 200 day moving average price of $18.77. The firm’s market cap is $424.82 million. eHealth has a 52-week low of $6.38 and a 52-week high of $25.83.
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 company had revenue of $28.00 million for the quarter, compared to the consensus estimate of $29.25 million. During the same quarter last year, the business earned $0.09 EPS. eHealth’s revenue was down 24.9% on a year-over-year basis. On average, equities analysts predict that eHealth will post ($0.94) EPS for the current fiscal year.
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In other news, Director Jack L. Oliver III sold 14,745 shares of eHealth stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $16.79, for a total value of $247,568.55. Following the transaction, the director now owns 51,375 shares in the company, valued at approximately $862,586.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 6.22% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Texas Permanent School Fund increased its stake in shares of eHealth by 1.3% in the 2nd quarter. Texas Permanent School Fund now owns 12,245 shares of the financial services provider’s stock valued at $230,000 after purchasing an additional 160 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of eHealth by 0.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 87,360 shares of the financial services provider’s stock valued at $1,642,000 after purchasing an additional 490 shares during the last quarter. Comerica Bank increased its stake in shares of eHealth by 3.6% in the 1st quarter. Comerica Bank now owns 18,381 shares of the financial services provider’s stock valued at $216,000 after purchasing an additional 644 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of eHealth by 0.6% in the 2nd quarter. Principal Financial Group Inc. now owns 127,571 shares of the financial services provider’s stock valued at $2,398,000 after purchasing an additional 705 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in shares of eHealth by 1.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 60,855 shares of the financial services provider’s stock valued at $1,144,000 after purchasing an additional 811 shares during the last quarter. Institutional investors own 90.19% 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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