Zacks Investment Research Upgrades eHealth (EHTH) to “Buy”

eHealth (NASDAQ:EHTH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The firm currently has a $46.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s price objective points to a potential upside of 12.91% from the company’s current price.

According to Zacks, “eHealth, Inc. is the parent company of eHealthInsurance, the leading online source of health insurance for individuals, families and small businesses. eHealthInsurance presents complex health insurance information in an objective, user-friendly format, enabling the research, analysis, comparison and purchase of health insurance products that best meet consumers’ needs. eHealth and eHealthInsurance.com are registered trademarks of eHealthInsurance Services, Inc. eHealth, Inc. and its technology was responsible for the nation’s first Internet-based sale of a health insurance policy. The Company is headquartered in Mountain View, California. “

EHTH has been the subject of a number of other research reports. BidaskClub upgraded shares of eHealth from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 24th. ValuEngine upgraded shares of eHealth from a “hold” rating to a “buy” rating in a research note on Thursday, October 4th. Royal Bank of Canada began coverage on shares of eHealth in a research note on Thursday, December 20th. They issued an “outperform” rating and a $57.00 price objective for the company. Cantor Fitzgerald restated a “buy” rating and issued a $39.00 price objective on shares of eHealth in a research note on Thursday, October 25th. Finally, SunTrust Banks increased their price objective on shares of eHealth to $50.00 and gave the company a “buy” rating in a research note on Thursday, December 20th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. eHealth has a consensus rating of “Buy” and a consensus target price of $46.40.

NASDAQ:EHTH traded down $0.11 during trading hours on Friday, hitting $40.74. 127,658 shares of the company traded hands, compared to its average volume of 236,096. The stock has a market cap of $790.62 million, a P/E ratio of -31.83 and a beta of 0.61. eHealth has a twelve month low of $13.61 and a twelve month high of $41.93.

eHealth (NASDAQ:EHTH) last released its earnings results on Thursday, October 25th. The financial services provider reported ($0.22) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.36) by $0.14. The firm had revenue of $40.75 million during the quarter, compared to analysts’ expectations of $34.10 million. eHealth had a negative net margin of 30.13% and a negative return on equity of 17.79%. On average, research analysts forecast that eHealth will post 0.47 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Legal & General Group Plc grew its stake in shares of eHealth by 4.9% during the 3rd quarter. Legal & General Group Plc now owns 34,630 shares of the financial services provider’s stock worth $979,000 after acquiring an additional 1,624 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of eHealth by 9.0% during the 3rd quarter. Teachers Advisors LLC now owns 35,791 shares of the financial services provider’s stock worth $1,011,000 after acquiring an additional 2,965 shares in the last quarter. MetLife Investment Advisors LLC grew its stake in shares of eHealth by 55.3% during the 3rd quarter. MetLife Investment Advisors LLC now owns 12,405 shares of the financial services provider’s stock worth $351,000 after acquiring an additional 4,418 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of eHealth during the 3rd quarter worth approximately $5,805,000. Finally, Redmile Group LLC grew its stake in shares of eHealth by 6.9% during the 3rd quarter. Redmile Group LLC now owns 1,472,595 shares of the financial services provider’s stock worth $41,616,000 after acquiring an additional 94,700 shares in the last quarter. 94.54% of the stock is currently owned by institutional investors and hedge funds.

eHealth Company Profile

eHealth, Inc provides private online health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its e-commerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.

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