eHealth Inc. (EHTH) Shares Up 1.8%
eHealth Inc. (NASDAQ:EHTH) shot up 1.8% during mid-day trading on Wednesday . The stock traded as high as $11.92 and last traded at $11.74, with a volume of 235,198 shares trading hands. The stock had previously closed at $11.53.
Several brokerages have issued reports on EHTH. Jefferies Group reiterated a “hold” rating on shares of eHealth in a research note on Sunday, June 12th. Zacks Investment Research lowered shares of eHealth from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 5th. FBR & Co reiterated an “outperform” rating and issued a $17.00 price target on shares of eHealth in a research note on Tuesday, July 12th. Finally, Craig Hallum upgraded shares of eHealth from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Friday, April 29th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. eHealth currently has a consensus rating of “Hold” and a consensus price target of $15.00.
The stock’s 50 day moving average price is $12.27 and its 200-day moving average price is $11.48. The firm has a market capitalization of $213.68 million and a PE ratio of 23.18.
eHealth (NASDAQ:EHTH) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. During the same period last year, the business posted $0.44 earnings per share. The business earned $37.28 million during the quarter, compared to the consensus estimate of $37.93 million. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. On average, analysts expect that eHealth Inc. will post $0.64 earnings per share for the current fiscal year.
In related news, insider James E. Flynn sold 212,581 shares of the firm’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $14.13, for a total transaction of $3,003,769.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder James E. Flynn sold 178,454 shares of the firm’s stock in a transaction dated Monday, June 20th. The shares were sold at an average price of $14.20, for a total transaction of $2,534,046.80. The disclosure for this sale 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.