eHealth, Inc. (NASDAQ:EHTH) Given Average Recommendation of “Buy” by Analysts

Shares of eHealth, Inc. (NASDAQ:EHTH) have been assigned an average rating of “Buy” from the fourteen research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $117.22.

EHTH has been the topic of a number of research analyst reports. SunTrust Banks set a $150.00 price target on eHealth and gave the company a “buy” rating in a report on Friday, September 6th. Zacks Investment Research downgraded eHealth from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Deutsche Bank initiated coverage on eHealth in a report on Thursday, September 12th. They set a “buy” rating and a $173.00 price target on the stock. Credit Suisse Group upgraded eHealth to an “outperform” rating in a report on Friday, September 27th. Finally, ValuEngine downgraded eHealth from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd.

In other eHealth news, COO David K. Francis sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $109.54, for a total transaction of $219,080.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Scott N. Flanders sold 99,516 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $104.29, for a total value of $10,378,523.64. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 4,000 shares of company stock worth $374,440 and have sold 168,627 shares worth $17,476,948. 5.00% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of EHTH. FMR LLC grew its holdings 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 worth $102,514,000 after acquiring an additional 1,544,184 shares during the period. Waddell & Reed Financial Inc. purchased a new position in shares of eHealth during the 2nd quarter worth approximately $30,838,000. Invesco Ltd. grew its holdings in shares of eHealth by 130.9% during the 2nd quarter. Invesco Ltd. now owns 411,530 shares of the financial services provider’s stock worth $35,432,000 after acquiring an additional 233,335 shares during the period. Axiom International Investors LLC DE purchased a new position in shares of eHealth during the 2nd quarter worth approximately $18,036,000. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of eHealth during the 2nd quarter worth approximately $11,193,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

Shares of NASDAQ EHTH traded up $2.10 during midday trading on Monday, reaching $61.79. The company had a trading volume of 67,011 shares, compared to its average volume of 926,418. eHealth has a one year low of $27.20 and a one year high of $112.22. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.08. The firm’s fifty day moving average price is $70.62 and its 200-day moving average price is $76.95. The stock has a market cap of $1.34 billion, a PE ratio of 97.88 and a beta of 1.07.

eHealth (NASDAQ:EHTH) last released its earnings results on Thursday, July 25th. The financial services provider reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.47. eHealth had a return on equity of 7.70% and a net margin of 1.99%. The company had revenue of $65.80 million during the quarter, compared to analyst estimates of $40.98 million. The company’s revenue for the quarter was up 101.2% on a year-over-year basis. As a group, equities research analysts expect that eHealth will post 1.33 EPS for the current year.

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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