Shares of eHealth, Inc. (NASDAQ:EHTH – Get Free Report) have received an average rating of “Reduce” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $3.25.
EHTH has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $3.00 price objective on shares of eHealth in a research note on Friday, May 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of eHealth in a research note on Monday, May 18th. Zacks Research upgraded eHealth from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Craig Hallum cut eHealth from a “buy” rating to a “hold” rating and set a $2.00 target price on the stock. in a report on Thursday, February 26th. Finally, Royal Bank Of Canada decreased their target price on eHealth from $9.00 to $3.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 11th.
Read Our Latest Analysis on EHTH
eHealth Price Performance
eHealth (NASDAQ:EHTH – Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($0.32). eHealth had a net margin of 6.31% and a return on equity of 6.52%. The business had revenue of $326.24 million during the quarter, compared to the consensus estimate of $318.25 million. Equities analysts expect that eHealth will post 0.69 earnings per share for the current year.
Insider Activity at eHealth
In other eHealth news, CFO John Joseph Dolan bought 25,000 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were bought at an average price of $1.53 per share, for a total transaction of $38,250.00. Following the completion of the acquisition, the chief financial officer owned 208,755 shares of the company’s stock, valued at approximately $319,395.15. This trade represents a 13.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 7.20% of the company’s stock.
Hedge Funds Weigh In On eHealth
Hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in eHealth in the fourth quarter valued at about $62,000. Alliancebernstein L.P. bought a new position in eHealth in the third quarter valued at about $54,000. Bank of America Corp DE boosted its holdings in eHealth by 1,265.8% in the second quarter. Bank of America Corp DE now owns 11,186 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 10,367 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in eHealth in the second quarter valued at about $48,000. Finally, Cetera Investment Advisers bought a new position in eHealth in the first quarter valued at about $27,000. Institutional investors own 79.54% of the company’s stock.
eHealth Company Profile
eHealth, Inc operates one of the largest online private health insurance exchanges in the United States. The company’s platform enables consumers to compare, select and enroll in individual, family and small-group health insurance plans offered by a broad network of licensed insurance carriers. In addition to Affordable Care Act–compliant offerings, eHealth provides dedicated services for Medicare Advantage, Medicare Supplement and Medicare Part D prescription drug plans, helping seniors navigate the complexities of Medicare coverage.
Through its digital marketplace, eHealth delivers real-time quotes, detailed plan comparisons and enrollment processing.
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