eHealth (EHTH) Sees Large Volume Increase

eHealth, Inc. (NASDAQ:EHTH) shares saw strong trading volume on Monday . 21,046 shares traded hands during mid-day trading, a decline of 92% from the previous session’s volume of 248,442 shares.The stock last traded at $33.52 and had previously closed at $32.34.

Several equities analysts have recently commented on the company. Cantor Fitzgerald upped their price target on eHealth to $39.00 and gave the company an “overweight” rating in a research note on Monday, October 8th. BidaskClub raised eHealth from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Zacks Investment Research raised eHealth from a “sell” rating to a “hold” rating in a research note on Monday, August 20th. ValuEngine raised eHealth from a “hold” rating to a “buy” rating in a research note on Thursday, October 4th. Finally, Chardan Capital began coverage on eHealth in a research note on Thursday, August 16th. They set a “buy” rating and a $40.00 target price on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $29.40.

The company has a market capitalization of $620.15 million, a PE ratio of -27.01 and a beta of 1.35.



eHealth (NASDAQ:EHTH) last posted its earnings results on Thursday, October 25th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.36) by $0.14. eHealth had a negative return on equity of 17.79% and a negative net margin of 30.13%. The firm had revenue of $40.75 million for the quarter, compared to analyst estimates of $34.10 million. As a group, analysts expect that eHealth, Inc. will post 0.17 EPS for the current year.

In other eHealth news, Director Ellen O. Tauscher sold 31,857 shares of the stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $23.16, for a total value of $737,808.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jack L. Oliver III sold 30,750 shares of the stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $24.82, for a total value of $763,215.00. Following the completion of the sale, the director now directly owns 38,637 shares in the company, valued at approximately $958,970.34. The disclosure for this sale can be found here. 4.14% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of EHTH. BlackRock Inc. raised its position in eHealth by 2.2% in the 1st quarter. BlackRock Inc. now owns 2,164,085 shares of the financial services provider’s stock valued at $30,968,000 after purchasing an additional 46,141 shares in the last quarter. Principal Financial Group Inc. raised its position 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 valued at $1,797,000 after purchasing an additional 2,981 shares in the last quarter. A.R.T. Advisors LLC acquired a new stake in eHealth in the 1st quarter valued at about $275,000. National Investment Services Inc. WI acquired a new stake in eHealth in the 2nd quarter valued at about $670,000. Finally, Gilder Gagnon Howe & Co. LLC acquired a new stake in eHealth in the 2nd quarter valued at about $2,084,000. 91.17% of the stock is currently owned by institutional investors.

eHealth Company Profile (NASDAQ:EHTH)

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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