eHealth, Inc. (NASDAQ:EHTH)‘s stock had its “buy” rating reissued by equities researchers at SunTrust Banks, Inc. in a research report issued on Friday. They currently have a $30.00 target price on the financial services provider’s stock. SunTrust Banks, Inc.’s target price points to a potential upside of 27.28% from the company’s current price.
EHTH has been the subject of several other reports. Cantor Fitzgerald reiterated a “buy” rating and set a $20.00 price objective on shares of eHealth in a research note on Thursday, July 27th. Wells Fargo & Company boosted their price objective on shares of eHealth from $18.00 to $24.00 and gave the stock a “market perform” rating in a research note on Thursday, October 19th. Jefferies Group LLC reiterated a “hold” rating and set a $18.00 price objective on shares of eHealth in a research note on Friday, July 14th. TheStreet upgraded shares of eHealth from a “d+” rating to a “c” rating in a research note on Monday, October 16th. Finally, Zacks Investment Research downgraded shares of eHealth from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $22.67.
eHealth (EHTH) traded up 7.53% during trading on Friday, hitting $23.57. 390,136 shares of the company were exchanged. The company’s market capitalization is $436.87 million. The company has a 50-day moving average of $23.72 and a 200-day moving average of $19.25. eHealth has a 12 month low of $6.38 and a 12 month high of $25.83.
eHealth (NASDAQ:EHTH) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.73) by ($0.25). eHealth had a negative return on equity of 20.91% and a negative net margin of 11.94%. The business had revenue of $26.62 million for the quarter, compared to analysts’ expectations of $25.55 million. During the same quarter in the prior year, the firm earned ($0.23) earnings per share. eHealth’s quarterly revenue was down 17.0% compared to the same quarter last year. Analysts forecast that eHealth will post ($0.94) EPS for the current year.
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In other news, Director Jack L. Oliver III sold 14,745 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $16.79, for a total transaction of $247,568.55. Following the transaction, the director now directly owns 51,375 shares of the company’s stock, valued at $862,586.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 6.22% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its position in shares of eHealth by 131.4% during the first quarter. Bank of America Corp DE now owns 25,728 shares of the financial services provider’s stock worth $310,000 after purchasing an additional 14,610 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of eHealth by 5.9% during the first quarter. Vanguard Group Inc. now owns 932,496 shares of the financial services provider’s stock worth $11,227,000 after purchasing an additional 52,357 shares in the last quarter. Texas Permanent School Fund lifted its position in shares of eHealth by 1.3% during the second quarter. Texas Permanent School Fund now owns 12,245 shares of the financial services provider’s stock worth $230,000 after purchasing an additional 160 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of eHealth by 11.3% during the first quarter. Renaissance Technologies LLC now owns 878,900 shares of the financial services provider’s stock worth $10,582,000 after purchasing an additional 89,400 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of eHealth by 9.6% during the first quarter. Dimensional Fund Advisors LP now owns 645,432 shares of the financial services provider’s stock worth $7,771,000 after purchasing an additional 56,767 shares in the last quarter. 90.21% of the stock is currently owned by institutional investors and hedge funds.
eHealth, Inc provides a private online source of health insurance for individuals, families and small businesses. The Company is the parent company of eHealthInsurance, a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers side-by-side, and purchase and enroll in coverage online through its Websites (www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com) or telephonically through its customer care centers.
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