eHealth Inc. (EHTH) Trading 5.6% Higher
Shares of eHealth Inc. (NASDAQ:EHTH) traded up 5.6% 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 analysts have recently weighed in on the stock. Craig Hallum upgraded shares of eHealth from a “hold” rating to a “buy” rating in a report on Friday, August 5th. FBR & Co restated a “buy” rating and issued a $17.00 target price on shares of eHealth in a report on Friday, July 29th. Jefferies Group dropped their price target 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. Zacks Investment Research cut shares of eHealth from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Finally, TheStreet raised shares of eHealth from a “sell” rating to a “hold” rating in a research note on Thursday, April 28th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.00.
The stock has a market capitalization of $204.84 million and a PE ratio of 22.31. The company has a 50-day moving average price of $12.50 and a 200-day moving average price of $11.44.
eHealth (NASDAQ:EHTH) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.09. During the same period last year, the company posted $0.44 earnings per share. The firm had revenue of $37.28 million for the quarter, compared to analysts’ expectations of $37.93 million. The business’s quarterly revenue was down 6.6% on a year-over-year basis. Equities analysts predict that eHealth Inc. will post $0.64 earnings per share for the current year.
In other eHealth news, major shareholder James E. Flynn sold 178,454 shares of the stock in a transaction on Monday, June 20th. The shares were sold at an average price of $14.20, for a total transaction of $2,534,046.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider James E. Flynn sold 212,581 shares of the stock in a transaction on Friday, May 27th. The shares were 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.
A hedge fund recently raised its stake in eHealth stock. Dimensional Fund Advisors LP increased its stake in shares of eHealth Inc. (NASDAQ:EHTH) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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 2.13% of eHealth worth $3,849,000 at the end of the most recent reporting period.
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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