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.
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.
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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