eHealth, Inc. (EHTH) Given Buy Rating at SunTrust Banks, Inc.
SunTrust Banks, Inc. reissued their buy rating on shares of eHealth, Inc. (NASDAQ:EHTH) in a research note released on Friday morning. SunTrust Banks, Inc. currently has a $30.00 price target on the financial services provider’s stock.
A number of other brokerages also recently issued reports on EHTH. Zacks Investment Research upgraded eHealth from a strong sell rating to a hold rating in a research report on Tuesday, October 3rd. Wells Fargo & Company increased their price objective on eHealth from $18.00 to $24.00 and gave the stock a market perform rating in a research report on Thursday, October 19th. Cantor Fitzgerald increased their target price on eHealth from $21.00 to $27.00 and gave the company an overweight rating in a research note on Monday, October 2nd. TheStreet raised eHealth from a d+ rating to a c rating in a research note on Monday, October 16th. Finally, Jefferies Group LLC reissued a hold rating and issued a $20.00 target price (up previously from $18.00) on shares of eHealth in a research note on Saturday, August 26th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $22.67.
Shares of eHealth (NASDAQ:EHTH) traded up 7.53% during trading on Friday, hitting $23.57. The stock had a trading volume of 390,136 shares. The firm’s 50 day moving average is $23.72 and its 200 day moving average is $19.25. The company’s market cap is $436.87 million. eHealth has a 1-year low of $6.93 and a 1-year high of $25.83.
eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported ($0.98) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.73) by ($0.25). eHealth had a negative return on equity of 20.91% and a negative net margin of 11.94%. The business had revenue of $26.62 million during the quarter, compared to analysts’ expectations of $25.55 million. During the same quarter last year, the business posted ($0.23) EPS. The company’s quarterly revenue was down 17.0% on a year-over-year basis. Equities research analysts anticipate that eHealth will post ($0.94) EPS for the current fiscal year.
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In related news, Director Jack L. Oliver III sold 14,745 shares of the 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 of the company’s stock, valued at $862,586.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.22% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Redmile Group LLC increased its stake in eHealth by 2.7% in the second quarter. Redmile Group LLC now owns 1,223,334 shares of the financial services provider’s stock valued at $22,999,000 after acquiring an additional 32,000 shares during the last quarter. Vanguard Group Inc. increased its stake in eHealth by 4.5% in the second quarter. Vanguard Group Inc. now owns 974,784 shares of the financial services provider’s stock valued at $18,326,000 after acquiring an additional 42,288 shares during the last quarter. Renaissance Technologies LLC increased its stake in eHealth by 7.4% in the second quarter. Renaissance Technologies LLC now owns 943,600 shares of the financial services provider’s stock valued at $17,740,000 after acquiring an additional 64,700 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in eHealth by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 656,458 shares of the financial services provider’s stock valued at $12,341,000 after acquiring an additional 11,026 shares during the last quarter. Finally, State Street Corp increased its stake in eHealth by 5.4% in the second quarter. State Street Corp now owns 400,022 shares of the financial services provider’s stock valued at $7,521,000 after acquiring an additional 20,572 shares during the last quarter. 90.21% of the stock is currently owned by institutional investors and hedge funds.
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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