Shares of eHealth, Inc. (NASDAQ:EHTH) have been assigned an average recommendation of “Buy” from the nine analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $26.20.
A number of analysts recently commented on EHTH shares. Zacks Investment Research cut shares of eHealth from a “buy” rating to a “hold” rating in a research note on Tuesday, May 15th. BidaskClub cut shares of eHealth from a “hold” rating to a “sell” rating in a research note on Wednesday, May 16th. ValuEngine cut shares of eHealth from a “hold” rating to a “sell” rating in a research note on Thursday, May 17th. TheStreet upgraded shares of eHealth from a “d” rating to a “c-” rating in a research note on Thursday, April 26th. Finally, Cantor Fitzgerald upped their price target on shares of eHealth to $22.00 and gave the company an “overweight” rating in a research note on Friday, May 18th.
In other eHealth news, SVP Jay Walter Jennings sold 5,300 shares of the stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $18.73, for a total value of $99,269.00. Following the sale, the senior vice president now directly owns 53,322 shares in the company, valued at approximately $998,721.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.14% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers lifted its stake in eHealth by 17.6% in the 4th quarter. Rhumbline Advisers now owns 36,405 shares of the financial services provider’s stock worth $632,000 after purchasing an additional 5,445 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new stake in eHealth in the 4th quarter worth approximately $341,000. Landscape Capital Management L.L.C. purchased a new stake in eHealth in the 1st quarter worth approximately $216,000. Renaissance Technologies LLC lifted its stake in eHealth by 3.6% in the 4th quarter. Renaissance Technologies LLC now owns 909,600 shares of the financial services provider’s stock worth $15,800,000 after purchasing an additional 31,300 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in eHealth by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 125,608 shares of the financial services provider’s stock worth $1,797,000 after purchasing an additional 2,981 shares in the last quarter. Institutional investors and hedge funds own 88.32% of the company’s stock.
Shares of EHTH stock traded up $0.16 during trading on Friday, reaching $23.16. 321,360 shares of the company’s stock traded hands, compared to its average volume of 137,896. The stock has a market capitalization of $456.21 million, a P/E ratio of -18.09 and a beta of 1.59. eHealth has a 1 year low of $13.61 and a 1 year high of $28.59.
eHealth (NASDAQ:EHTH) last announced its quarterly earnings results on Thursday, July 26th. The financial services provider reported ($0.40) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.45) by $0.05. The company had revenue of $32.66 million for the quarter, compared to analysts’ expectations of $34.11 million. eHealth had a negative net margin of 46.66% and a negative return on equity of 45.84%. sell-side analysts anticipate that eHealth will post 0.22 EPS for the current fiscal year.
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.
Read More: Earnings Per Share (EPS) Explained
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