eHealth Inc. (EHTH) Shares Up 5.6%
Shares of eHealth Inc. (NASDAQ:EHTH) shot up 5.6% during mid-day trading on Thursday . The company traded as high as $11.89 and last traded at $11.75, with a volume of 801,599 shares. The stock had previously closed at $11.13.
A number of brokerages recently issued reports on EHTH. Craig Hallum raised eHealth from a “hold” rating to a “buy” rating in a report on Friday, August 5th. FBR & Co reissued a “buy” rating and set a $17.00 price objective on shares of eHealth in a report on Friday, July 29th. Jefferies Group dropped their price objective on eHealth from $13.00 to $12.00 and set a “hold” rating on the stock in a report on Friday, July 29th. Zacks Investment Research cut eHealth from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Finally, TheStreet upgraded eHealth from a “sell” rating to a “hold” rating in a research note on Thursday, April 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $15.00.
The firm has a 50-day moving average price of $12.66 and a 200 day moving average price of $11.43. The firm has a market cap of $214.70 million and a price-to-earnings ratio of 23.38.
eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.09 EPS for the quarter, hitting 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. The business’s revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 EPS. Equities research analysts predict that eHealth Inc. will post $0.64 earnings per share for the current fiscal year.
In other news, EVP Robert S. Hurley acquired 6,500 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was bought at an average price of $9.12 per share, with a total value of $59,280.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James E. Flynn sold 212,581 shares of eHealth 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 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 Securities and Exchange Commission (SEC). The institutional investor owned 694,500 shares of the company’s stock after buying an additional 112,800 shares during the period. Royce & Associates LLC owned about 3.83% of eHealth worth $6,931,000 as of its most recent SEC filing.
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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