eHealth Inc. (EHTH) Trading Down 3.6%
eHealth Inc. (NASDAQ:EHTH)’s share price fell 3.6% during trading on Thursday . The stock traded as low as $13.57 and last traded at $13.58, with a volume of 64,579 shares trading hands. The stock had previously closed at $14.09.
Several brokerages have recently commented on EHTH. Jefferies Group reaffirmed a “hold” rating on shares of eHealth in a research note on Sunday, June 12th. Zacks Investment Research cut shares of eHealth from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 5th. FBR & Co reiterated an “outperform” rating and set a $17.00 price target on shares of eHealth in a research report on Tuesday. Craig Hallum upgraded shares of eHealth from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Friday, April 29th. Finally, TheStreet upgraded shares of eHealth from a “sell” rating to a “hold” rating in a research report on Thursday, April 28th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. eHealth has a consensus rating of “Buy” and an average price target of $15.70.
The firm has a market cap of $245.81 million and a price-to-earnings ratio of 15.90. The firm has a 50 day moving average price of $13.79 and a 200 day moving average price of $11.24.
eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Thursday, April 28th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.70. The business earned $73.84 million during the quarter, compared to analysts’ expectations of $67.76 million. The business’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 earnings per share. On average, equities analysts expect that eHealth Inc. will post $0.64 EPS for the current year.
In other eHealth news, major shareholder James E. Flynn sold 178,454 shares of eHealth stock in a transaction on Monday, June 20th. The shares were sold at an average price of $14.20, for a total value of $2,534,046.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James E. Flynn sold 99,508 shares of eHealth stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $13.85, for a total transaction of $1,378,185.80. The disclosure for this sale can be found here.
An institutional investor recently raised its position in eHealth stock. Dimensional Fund Advisors LP boosted its stake in eHealth Inc. (NASDAQ:EHTH) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 385,642 shares of the company’s stock after buying an additional 12,991 shares during the period. Dimensional Fund Advisors LP owned 2.13% of eHealth worth $3,849,000 as of its most recent filing with the SEC.
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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