eHealth Inc. (EHTH) Trading Down 3.6%
eHealth Inc. (NASDAQ:EHTH) shares were down 3.6% during mid-day trading on Thursday . The stock traded as low as $13.57 and last traded at $13.58, with a volume of 64,579 shares traded. The stock had previously closed at $14.09.
Several research analysts have recently issued reports on EHTH shares. Craig Hallum raised eHealth from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Friday, April 29th. Zacks Investment Research raised eHealth from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Tuesday. Jefferies Group reaffirmed a “hold” rating on shares of eHealth in a research note on Sunday, June 12th. TheStreet raised eHealth from a “sell” rating to a “hold” rating in a research note on Thursday, April 28th. Finally, FBR & Co reaffirmed an “outperform” rating and set a $17.00 price target on shares of eHealth in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. eHealth has an average rating of “Buy” and a consensus target price of $15.70.
The firm’s 50-day moving average is $13.84 and its 200 day moving average is $11.20. The stock has a market capitalization of $244.53 million and a PE ratio of 15.82.
eHealth (NASDAQ:EHTH) last issued its quarterly earnings results on Thursday, April 28th. The company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.70. The business had revenue of $73.84 million for the quarter, compared to analyst estimates of $67.76 million. The business’s revenue was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 earnings per share. On average, analysts expect that eHealth Inc. will post $0.64 earnings per share for the current fiscal year.
In other eHealth news, major shareholder James E. Flynn sold 178,454 shares of the stock in a transaction dated Monday, June 20th. The stock was sold at an average price of $14.20, for a total transaction of $2,534,046.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James E. Flynn sold 99,508 shares of the stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $13.85, for a total value of $1,378,185.80. 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 position in eHealth Inc. (NASDAQ:EHTH) by 3.5% during the fourth quarter, according to its most recent Form 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 2.13% of eHealth worth $3,849,000 as of its most recent filing with the SEC.
eHealth, Inc offers an online source of health insurance for individuals, families and small businesses. The Company offers a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers and purchase and enroll in coverage online.
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.