eHealth Inc. (EHTH) Sees Strong Trading Volume
eHealth Inc. (NASDAQ:EHTH) saw unusually-strong trading volume on Friday . Approximately 174,020 shares were traded during trading, an increase of 10% from the previous session’s volume of 158,560 shares.The stock last traded at $13.21 and had previously closed at $13.19.
A number of analysts recently commented on EHTH shares. Craig Hallum raised shares of eHealth from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Friday, April 29th. FBR & Co reissued a “buy” rating on shares of eHealth in a report on Friday, June 10th. TheStreet raised shares of eHealth from a “sell” rating to a “hold” rating in a report on Thursday, April 28th. Zacks Investment Research downgraded shares of eHealth from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 5th. Finally, Jefferies Group reissued a “hold” rating on shares of eHealth in a report on Sunday, June 12th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $15.70.
The firm has a market capitalization of $240.71 million and a P/E ratio of 15.57. The stock has a 50-day moving average price of $13.74 and a 200 day moving average price of $11.34.
eHealth (NASDAQ:EHTH) last issued its earnings results on Thursday, April 28th. The company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.70. The business had revenue of $73.84 million for the quarter, compared to analyst estimates of $67.76 million. During the same period last year, the company posted $0.26 earnings per share. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, equities analysts expect that eHealth Inc. will post $0.64 EPS for the current year.
In related news, insider James E. Flynn sold 204,854 shares of the stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $14.21, for a total value of $2,910,975.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider James E. Flynn sold 212,581 shares of the stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $14.13, for a total transaction of $3,003,769.53. 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 position in eHealth Inc. (NASDAQ:EHTH) by 3.5% during the fourth quarter, according to its most recent 13F filing with the 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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