eHealth Inc. (EHTH) Shares Up 3.3%
eHealth Inc. (NASDAQ:EHTH) shares shot up 3.3% on Thursday . The stock traded as high as $14.27 and last traded at $13.97, with a volume of 360,466 shares traded. The stock had previously closed at $13.53.
Several research firms have weighed in on EHTH. Jefferies Group reiterated a “hold” rating on shares of eHealth in a research report on Sunday, June 12th. Zacks Investment Research cut eHealth from a “buy” rating to a “hold” rating in a research report on Thursday. FBR & Co reiterated an “outperform” rating and set a $17.00 price objective on shares of eHealth in a research report on Tuesday, July 12th. Craig Hallum upgraded eHealth from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Friday, April 29th. Finally, TheStreet upgraded eHealth from a “sell” rating to a “hold” rating in a research report on Thursday, April 28th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $15.70.
The company has a market cap of $255.64 million and a P/E ratio of 16.54. The stock has a 50 day moving average of $13.72 and a 200-day moving average of $11.44.
eHealth (NASDAQ:EHTH) last issued its earnings results on Thursday, July 28th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.09. The firm earned $37.28 million during the quarter, compared to the consensus estimate of $37.93 million. During the same quarter in the previous year, the firm earned $0.44 earnings per share. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, equities research analysts anticipate that eHealth Inc. will post $0.64 earnings per share for the current year.
In related news, insider James E. Flynn sold 63,736 shares of the business’s stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $13.92, for a total transaction of $887,205.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James E. Flynn sold 212,581 shares of the business’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.
An institutional investor recently raised its position in eHealth stock. Dimensional Fund Advisors LP increased its position in shares of eHealth Inc. (NASDAQ:EHTH) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 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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