eHealth (NASDAQ:EHTH) Receives New Coverage from Analysts at Credit Suisse Group

Credit Suisse Group initiated coverage on shares of eHealth (NASDAQ:EHTH) in a research report report published on Wednesday, The Fly reports. The firm issued an outperform rating and a $104.00 price target on the financial services provider’s stock.

A number of other research firms have also recently issued reports on EHTH. Zacks Investment Research cut shares of EXACT Sciences from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Cantor Fitzgerald restated a buy rating and issued a $107.00 price objective on shares of Perrigo in a research report on Wednesday, May 8th. TheStreet cut shares of Trinity Industries from a b rating to a c rating in a research report on Thursday, April 25th. SunTrust Banks boosted their price objective on shares of eHealth to $120.00 and gave the stock a buy rating in a research report on Wednesday, May 15th. Finally, BidaskClub cut shares of Walgreens Boots Alliance from a sell rating to a strong sell rating in a research report on Monday, June 24th. Ten analysts have rated the stock with a buy rating, eHealth has a consensus rating of Buy and an average target price of $92.13.

Shares of NASDAQ:EHTH traded down $0.04 during trading on Wednesday, reaching $93.47. The stock had a trading volume of 467,498 shares, compared to its average volume of 533,577. eHealth has a 52 week low of $22.30 and a 52 week high of $95.09. The firm has a 50-day simple moving average of $77.13. The company has a market cap of $2.12 billion, a PE ratio of 148.37 and a beta of 1.22.



eHealth (NASDAQ:EHTH) last posted its earnings results on Thursday, April 25th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $51.61 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. eHealth’s quarterly revenue was up 59.6% compared to the same quarter last year. On average, sell-side analysts anticipate that eHealth will post 1.17 EPS for the current year.

In other eHealth news, Director Michael Goldberg sold 7,500 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $63.23, for a total transaction of $474,225.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert S. Hurley sold 1,500 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $60.47, for a total transaction of $90,705.00. The disclosure for this sale can be found here. Insiders have sold a total of 60,755 shares of company stock valued at $4,026,975 in the last quarter. Corporate insiders own 4.14% of the company’s stock.

Several institutional investors have recently modified their holdings of EHTH. FMR LLC raised its position in shares of eHealth by 1,540.3% during the 1st quarter. FMR LLC now owns 1,644,434 shares of the financial services provider’s stock valued at $102,514,000 after acquiring an additional 1,544,184 shares during the last quarter. Emerald Advisers LLC acquired a new position in shares of eHealth in the 1st quarter valued at $23,504,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of eHealth in the 1st quarter valued at $21,763,000. Prospect Capital Advisors LLC acquired a new position in shares of eHealth in the 4th quarter valued at $9,826,000. Finally, Victory Capital Management Inc. grew its holdings in shares of eHealth by 27.2% in the 1st quarter. Victory Capital Management Inc. now owns 1,001,990 shares of the financial services provider’s stock valued at $62,464,000 after buying an additional 214,475 shares during the period. Institutional investors own 98.03% of the company’s stock.

About eHealth

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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