eHealth Inc. (EHTH) Shares Gap Up to $9.98
Shares of eHealth Inc. (NASDAQ:EHTH) gapped up before the market opened on Tuesday . The stock had previously closed at $9.91, but opened at $9.98. eHealth shares last traded at $10.30, with a volume of 192,337 shares trading hands.
EHTH has been the subject of a number of recent analyst reports. FBR & Co reissued a “buy” rating and set a $17.00 target price on shares of eHealth in a research note on Friday, July 29th. TheStreet raised shares of eHealth from a “sell” rating to a “hold” rating in a research note on Thursday, April 28th. Craig Hallum lowered shares of eHealth from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Jefferies Group lowered their price objective on shares of eHealth from $13.00 to $12.00 and set a “hold” rating for the company in a research note on Friday, July 29th. Finally, Zacks Investment Research lowered shares of eHealth from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $15.00.
The firm has a market capitalization of $211.05 million and a P/E ratio of 22.98. The firm has a 50 day moving average price of $12.66 and a 200-day moving average price of $11.43.
eHealth (NASDAQ:EHTH) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.09 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.09. The firm earned $37.28 million during the quarter, compared to analyst estimates of $37.93 million. During the same period in the prior year, the company posted $0.44 earnings per share. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, equities research analysts anticipate that eHealth Inc. will post $0.64 EPS for the current year.
In other eHealth news, insider James E. Flynn sold 212,581 shares of the firm’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of $14.13, for a total value of $3,003,769.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott N. Flanders bought 117,000 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was bought at an average cost of $9.15 per share, with a total value of $1,070,550.00. The disclosure for this purchase can be found here.
A hedge fund recently raised its stake in eHealth stock. Royce & Associates LLC increased its position in eHealth Inc. (NASDAQ:EHTH) by 19.4% during the fourth quarter, according to its most recent Form 13F filing 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 3.83% of eHealth worth $6,931,000 as of its most recent filing with the SEC.
eHealth, Inc provides a private online source of health insurance for individuals, families and small businesses. The Company is the parent company of eHealthInsurance, a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers side-by-side, and purchase and enroll in coverage online through its Websites (www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com) or telephonically through its customer care centers.
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