eHealth (EHTH) Trading Up 6.4% Following Analyst Upgrade

eHealth, Inc. (NASDAQ:EHTH)’s share price was up 6.4% during trading on Wednesday after SunTrust Banks raised their price target on the stock to $120.00. SunTrust Banks currently has a buy rating on the stock. eHealth traded as high as $65.74 and last traded at $65.02. Approximately 502,199 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 568,944 shares. The stock had previously closed at $61.11.

Several other equities analysts have also commented on EHTH. Zacks Investment Research raised eHealth from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Friday, January 18th. Cantor Fitzgerald restated an “overweight” rating and issued a $56.00 price objective on shares of eHealth in a research note on Wednesday, January 23rd. Chardan Capital restated a “buy” rating and issued a $65.00 price objective (up previously from $40.00) on shares of eHealth in a research note on Thursday, January 24th. Craig Hallum upped their price objective on shares of eHealth from $37.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, January 28th. Finally, ValuEngine upgraded shares of eHealth from a “hold” rating to a “buy” rating in a research note on Saturday, February 2nd. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $86.57.

In other news, insider Robert S. Hurley sold 1,500 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $60.47, for a total transaction of $90,705.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Derek N. Yung bought 2,000 shares of the firm’s stock in a transaction dated Wednesday, February 27th. The shares were acquired at an average price of $55.36 per share, with a total value of $110,720.00. Following the purchase, the chief financial officer now directly owns 45,750 shares of the company’s stock, valued at approximately $2,532,720. The disclosure for this purchase can be found here. Insiders sold 45,342 shares of company stock valued at $2,773,081 in the last 90 days. 4.14% of the stock is currently owned by insiders.



Institutional investors and hedge funds have recently made changes to their positions in the company. Quantamental Technologies LLC acquired a new stake in shares of eHealth during the first quarter worth about $29,000. Macquarie Group Ltd. acquired a new stake in eHealth in the fourth quarter valued at about $27,000. Meeder Asset Management Inc. acquired a new stake in eHealth in the first quarter valued at about $67,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in eHealth in the fourth quarter valued at about $42,000. Finally, Advisor Group Inc. bought a new stake in shares of eHealth in the 1st quarter worth about $85,000. Institutional investors and hedge funds own 84.55% of the company’s stock.

The company has a market cap of $1.33 billion, a PE ratio of 103.21 and a beta of 1.33.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.49. eHealth had a negative net margin of 0.03% and a positive return on equity of 5.82%. The company had revenue of $68.80 million during the quarter, compared to analyst estimates of $51.61 million. During the same period in the prior year, the business posted ($0.07) EPS. The business’s revenue for the quarter was up 59.6% compared to the same quarter last year. As a group, equities research analysts predict that eHealth, Inc. will post 1.17 EPS for the current fiscal year.

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About eHealth (NASDAQ:EHTH)

eHealth, Inc provides private 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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