eHealth Inc. (EHTH) Trading 2.1% Higher
eHealth Inc. (NASDAQ:EHTH) traded up 2.1% during mid-day trading on Monday . The stock traded as high as $13.89 and last traded at $13.79, with a volume of 144,579 shares changing hands. The stock had previously closed at $13.50.
Several equities research analysts have issued reports on the company. Jefferies Group reaffirmed a “hold” rating on shares of eHealth in a report on Sunday, June 12th. Zacks Investment Research raised eHealth from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a report on Wednesday, May 4th. TheStreet raised eHealth from a “sell” rating to a “hold” rating in a report on Thursday, April 28th. FBR & Co reissued an “outperform” rating and set a $17.00 target price on shares of eHealth in a report on Tuesday, July 12th. Finally, Craig Hallum raised eHealth from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Friday, April 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $15.70.
The company has a market capitalization of $245.08 million and a price-to-earnings ratio of 15.85. The company’s 50-day moving average price is $13.78 and its 200-day moving average price is $11.29.
eHealth (NASDAQ:EHTH) last announced its quarterly earnings results on Thursday, April 28th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.70. The company had revenue of $73.84 million for the quarter, compared to the consensus estimate of $67.76 million. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.26 EPS. On average, analysts expect that eHealth Inc. will post $0.64 EPS for the current year.
In other eHealth news, insider James E. Flynn sold 99,508 shares of the company’s stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $13.85, for a total value of $1,378,185.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James E. Flynn sold 212,581 shares of the company’s 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. Royce & Associates LLC raised its position in shares of eHealth Inc. (NASDAQ:EHTH) by 19.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 694,500 shares of the company’s stock after buying an additional 112,800 shares during the period. Royce & Associates LLC owned approximately 3.83% of eHealth worth $6,931,000 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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