eHealth Inc. (EHTH) Sees Strong Trading Volume
Shares of eHealth Inc. (NASDAQ:EHTH) saw strong trading volume on Friday . 555,179 shares were traded during mid-day trading, an increase of 17% from the previous session’s volume of 476,058 shares.The stock last traded at $11.64 and had previously closed at $11.66.
Several research analysts have commented on the company. Craig Hallum downgraded eHealth from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Jefferies Group cut their target price on 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 downgraded eHealth from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. FBR & Co restated an “outperform” rating and issued a $17.00 target price on shares of eHealth in a research note on Tuesday, July 12th. 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 given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $15.00.
The firm has a market cap of $214.78 million and a PE ratio of 23.30. The firm’s 50 day moving average is $12.27 and its 200-day moving average is $11.48.
eHealth (NASDAQ:EHTH) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.09 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.09. The business earned $37.28 million during the quarter, compared to analysts’ expectations of $37.93 million. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 EPS. Equities analysts forecast that eHealth Inc. will post $0.64 earnings per share for the current year.
In other eHealth news, CEO Scott N. Flanders purchased 117,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was purchased at an average price of $9.15 per share, for a total transaction of $1,070,550.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert S. Hurley purchased 6,500 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was acquired at an average price of $9.12 per share, with a total value of $59,280.00. The disclosure for this purchase can be found here.
An institutional investor recently raised its position in eHealth stock. Dimensional Fund Advisors LP boosted its position in shares of eHealth Inc. (NASDAQ:EHTH) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 385,642 shares of the company’s stock after buying an additional 12,991 shares during the period. Dimensional Fund Advisors LP owned approximately 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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