eHealth Inc. (EHTH) Sees Strong Trading Volume
Shares of eHealth Inc. (NASDAQ:EHTH) saw unusually-high trading volume on Friday . Approximately 156,179 shares were traded during trading, a decline of 10% from the previous session’s volume of 173,647 shares.The stock last traded at $13.59 and had previously closed at $13.43.
EHTH has been the subject of several recent analyst reports. TheStreet upgraded eHealth from a “sell” rating to a “hold” rating in a research report on Thursday, April 28th. Craig Hallum upgraded eHealth from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Friday, April 29th. FBR & Co restated a “buy” rating on shares of eHealth in a research report on Friday, June 10th. Zacks Investment Research upgraded eHealth from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Tuesday. Finally, Jefferies Group restated a “hold” rating on shares of eHealth in a research report on Sunday, June 12th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $15.70.
The company has a market capitalization of $245.81 million and a P/E ratio of 15.90. The firm’s 50 day moving average is $13.81 and its 200 day moving average is $11.21.
eHealth (NASDAQ:EHTH) last announced its quarterly earnings results on Thursday, April 28th. The company reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.70. The company earned $73.84 million during the quarter, compared to analysts’ expectations of $67.76 million. During the same quarter last year, the firm posted $0.26 earnings per share. eHealth’s revenue for the quarter was up 20.5% compared to the same quarter last year. Equities analysts expect that eHealth Inc. will post $0.64 EPS for the current year.
In other news, insider James E. Flynn sold 43,300 shares of eHealth stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $13.88, for a total value of $601,004.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James E. Flynn sold 212,581 shares of eHealth stock in a transaction on Friday, May 27th. The shares were sold at an average price of $14.13, for a total value of $3,003,769.53. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in eHealth stock. Dimensional Fund Advisors LP raised its stake in eHealth Inc. (NASDAQ:EHTH) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 385,642 shares of the company’s stock after buying an additional 12,991 shares during the period. Dimensional Fund Advisors LP owned about 2.13% of eHealth worth $3,849,000 as of its most recent SEC filing.
eHealth, Inc offers an online source of health insurance for individuals, families and small businesses. The Company offers a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers and purchase and enroll in coverage online.
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