eHealth (NASDAQ:EHTH) Shares Up 5.1%

eHealth, Inc. (NASDAQ:EHTH)’s stock price shot up 5.1% during mid-day trading on Friday . The company traded as high as $38.30 and last traded at $38.14. 6,507 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 721,708 shares. The stock had previously closed at $36.30.

A number of brokerages have issued reports on EHTH. Zacks Investment Research upgraded eHealth from a “sell” rating to a “hold” rating in a research note on Tuesday, August 31st. Craig Hallum upped their price target on eHealth from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, July 30th. Credit Suisse Group dropped their price target on eHealth from $90.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, July 30th. Finally, Royal Bank of Canada dropped their price target on eHealth from $70.00 to $62.00 and set a “sector perform” rating on the stock in a research report on Friday, July 30th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, eHealth has an average rating of “Buy” and an average target price of $79.60.

The business has a fifty day moving average of $44.43 and a 200-day moving average of $57.75. The firm has a market cap of $1.02 billion, a PE ratio of 51.21 and a beta of -0.12.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Thursday, July 29th. The financial services provider reported ($0.70) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.84) by $0.14. The business had revenue of $96.56 million for the quarter, compared to analysts’ expectations of $90.65 million. eHealth had a return on equity of 3.16% and a net margin of 4.23%. Research analysts forecast that eHealth, Inc. will post 1.72 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in EHTH. Victory Capital Management Inc. raised its holdings in shares of eHealth by 41.6% in the 1st quarter. Victory Capital Management Inc. now owns 4,853 shares of the financial services provider’s stock valued at $353,000 after acquiring an additional 1,426 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of eHealth by 19.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 8,533 shares of the financial services provider’s stock valued at $620,000 after acquiring an additional 1,390 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of eHealth by 17.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 14,903 shares of the financial services provider’s stock valued at $1,084,000 after acquiring an additional 2,188 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of eHealth by 10.8% in the 1st quarter. Los Angeles Capital Management LLC now owns 7,189 shares of the financial services provider’s stock valued at $523,000 after acquiring an additional 699 shares in the last quarter. Finally, Swiss National Bank raised its holdings in shares of eHealth by 1.7% in the 1st quarter. Swiss National Bank now owns 53,300 shares of the financial services provider’s stock valued at $3,877,000 after acquiring an additional 900 shares in the last quarter. 93.35% of the stock is currently owned by hedge funds and other institutional investors.

About eHealth (NASDAQ:EHTH)

eHealth, Inc engages in the provision of Internet-based health insurance agency services for individuals, families, and small businesses. It operates through the following segments: Medicare and Individual, Family, and Small Business. The Medicare segment consists primarily of commissions earned from sale of Medicare-related health insurance plans.

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