“. We reiterate our Overweight rating on EHTH shares and our $39 price target. After the close on Thursday, October 25, EHTH reported its 3Q18 results. The company’s total revenue was above our estimate and FactSet consensus. The non-GAAP loss per share was also better than consensus expectations. The results were solid, but the company stressed the importance of its salesforce and digital marketing strategy as the Period (AEP) commenced on October 15. EHTH continues to stabilize its IFP segment and focus on alternative options to ACA plans. The company also reiterated its previously- established guidance metrics for full year 2018.”,” the firm’s analyst wrote.
Several other analysts have also commented on EHTH. BidaskClub raised eHealth from a buy rating to a strong-buy rating in a report on Friday, July 6th. ValuEngine raised eHealth from a hold rating to a buy rating in a report on Friday, July 6th. Zacks Investment Research lowered eHealth from a hold rating to a sell rating in a report on Wednesday, August 1st. Finally, Chardan Capital initiated coverage on eHealth in a report on Thursday, August 16th. They issued a buy rating and a $40.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. eHealth has an average rating of Buy and a consensus target price of $29.50.
eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Thursday, October 25th. The financial services provider reported ($0.22) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.36) by $0.14. eHealth had a negative return on equity of 30.53% and a negative net margin of 41.39%. The company had revenue of $40.75 million during the quarter, compared to analyst estimates of $34.10 million. On average, research analysts anticipate that eHealth will post 0.17 earnings per share for the current fiscal year.
In other eHealth news, Director Jack L. Oliver III sold 30,750 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $24.82, for a total transaction of $763,215.00. Following the completion of the sale, the director now owns 38,637 shares of the company’s stock, valued at $958,970.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ellen O. Tauscher sold 31,857 shares of the business’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $23.16, for a total value of $737,808.12. The disclosure for this sale can be found here. Insiders own 4.14% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in eHealth during the second quarter valued at about $139,000. Louisiana State Employees Retirement System bought a new stake in eHealth during the third quarter valued at about $201,000. A.R.T. Advisors LLC bought a new stake in eHealth during the first quarter valued at about $275,000. Victory Capital Management Inc. bought a new stake in eHealth during the second quarter valued at about $343,000. Finally, Los Angeles Capital Management & Equity Research Inc. grew its holdings in eHealth by 61.5% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 22,655 shares of the financial services provider’s stock valued at $501,000 after purchasing an additional 8,630 shares during the period. 90.28% of the stock is 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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