eHealth Inc. (EHTH) Stock Price Down 2.5%
eHealth Inc. (NASDAQ:EHTH)’s share price fell 2.5% during mid-day trading on Tuesday . The stock traded as low as $11.13 and last traded at $11.26, with a volume of 88,926 shares changing hands. The stock had previously closed at $11.55.
Several brokerages have recently issued reports on EHTH. FBR & Co reiterated a “buy” rating on shares of eHealth in a research report on Tuesday. Zacks Investment Research upgraded eHealth from a “sell” rating to a “hold” rating in a research report on Wednesday, August 17th. Craig Hallum upgraded eHealth from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Finally, Jefferies Group lowered their price target on eHealth from $13.00 to $12.00 and set a “hold” rating on the stock in a research report on Friday, July 29th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $15.00.
The company has a market cap of $204.88 million and a price-to-earnings ratio of 22.23. The stock has a 50-day moving average price of $12.05 and a 200 day moving average price of $11.52.
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 the consensus estimate of $0.09. The company earned $37.28 million during the quarter, compared to the consensus estimate of $37.93 million. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 earnings per share. On average, equities analysts anticipate that eHealth Inc. will post $0.64 earnings per share for the current fiscal year.
In other eHealth news, EVP Robert S. Hurley bought 6,500 shares of eHealth stock in a transaction dated Thursday, August 4th. The shares were acquired at an average cost of $9.12 per share, with a total value of $59,280.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James E. Flynn sold 212,581 shares of the business’s stock in a transaction that occurred 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.
An institutional investor recently raised its position in eHealth stock. Dimensional Fund Advisors LP raised its stake in eHealth Inc. (NASDAQ:EHTH) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 about 2.13% of eHealth worth $3,849,000 at the end of the most recent quarter.
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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