eHealth Inc. (EHTH) Shares Up 3.3%
eHealth Inc. (NASDAQ:EHTH) shot up 3.3% during trading on Thursday . The stock traded as high as $14.27 and last traded at $13.97, with a volume of 360,466 shares. The stock had previously closed at $13.53.
Several research firms have issued reports on EHTH. FBR & Co reaffirmed a “buy” rating and issued a $17.00 price target on shares of eHealth in a report on Friday. Jefferies Group dropped their price target on eHealth from $13.00 to $12.00 and set a “hold” rating on the stock in a report on Friday. Craig Hallum cut eHealth from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research cut eHealth from a “buy” rating to a “hold” rating in a report on Thursday. Finally, TheStreet raised eHealth from a “sell” rating to a “hold” rating in a report on Thursday, April 28th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $15.60.
The firm has a 50-day moving average of $13.61 and a 200-day moving average of $11.44. The stock has a market cap of $174.35 million and a PE ratio of 18.99.
eHealth (NASDAQ:EHTH) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. The business earned $37.28 million during the quarter, compared to analysts’ expectations of $37.93 million. During the same quarter last year, the business posted $0.44 earnings per share. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, equities analysts anticipate that eHealth Inc. will post $0.64 earnings per share for the current year.
In other eHealth news, insider James E. Flynn sold 99,508 shares of the stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $13.85, for a total value of $1,378,185.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 disclosure for this sale can be found here.
A hedge fund recently raised its stake in eHealth stock. Royce & Associates LLC boosted its stake in eHealth Inc. (NASDAQ:EHTH) by 19.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 694,500 shares of the company’s stock after buying an additional 112,800 shares during the period. Royce & Associates LLC owned 3.83% of eHealth worth $6,931,000 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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