eHealth (NASDAQ:EHTH) Rating Lowered to Buy at BidaskClub

BidaskClub lowered shares of eHealth (NASDAQ:EHTH) from a strong-buy rating to a buy rating in a report issued on Tuesday morning, BidAskClub reports.

Several other equities research analysts have also recently weighed in on EHTH. Royal Bank of Canada increased their price target on shares of eHealth from $57.00 to $83.00 and gave the company an outperform rating in a research report on Wednesday, February 20th. Zacks Investment Research raised shares of eHealth from a hold rating to a strong-buy rating and set a $73.00 price target for the company in a research report on Wednesday, February 20th. SunTrust Banks increased their price target on shares of eHealth to $75.00 and gave the company a buy rating in a research report on Friday, February 22nd. TheStreet raised shares of eHealth from a c rating to a b rating in a research report on Friday, February 22nd. Finally, Craig Hallum reissued a buy rating and set a $85.00 price target (up previously from $75.00) on shares of eHealth in a research report on Friday, April 26th. Nine research analysts have rated the stock with a buy rating, The company currently has an average rating of Buy and an average target price of $86.57.

Shares of NASDAQ:EHTH opened at $69.79 on Tuesday. The firm has a market capitalization of $1.65 billion, a PE ratio of 110.78 and a beta of 1.11. eHealth has a one year low of $21.30 and a one year high of $75.28.



eHealth (NASDAQ:EHTH) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $68.80 million for the quarter, compared to analyst estimates of $51.61 million. During the same quarter in the prior year, the firm earned ($0.07) EPS. The business’s revenue for the quarter was up 59.6% compared to the same quarter last year. On average, equities research analysts expect that eHealth will post 1.17 earnings per share for the current fiscal year.

In other news, CEO Scott N. Flanders sold 34,005 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $60.95, for a total value of $2,072,604.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Goldberg sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $63.23, for a total transaction of $474,225.00. The disclosure for this sale can be found here. Insiders have sold a total of 53,255 shares of company stock valued at $3,355,545 in the last three months. 4.14% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of EHTH. Macquarie Group Ltd. purchased a new position in eHealth in the 4th quarter valued at $27,000. Quantamental Technologies LLC purchased a new position in shares of eHealth during the 1st quarter worth $29,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of eHealth during the 4th quarter worth $42,000. Meeder Asset Management Inc. purchased a new position in shares of eHealth during the 1st quarter worth $67,000. Finally, LS Investment Advisors LLC raised its holdings in shares of eHealth by 316.8% during the 4th quarter. LS Investment Advisors LLC now owns 1,980 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 1,505 shares during the period. 98.03% of the stock is owned by hedge funds and other institutional investors.

eHealth Company Profile

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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Analyst Recommendations for eHealth (NASDAQ:EHTH)

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