eHealth Inc. (EHTH) Sees Strong Trading Volume
eHealth Inc. (NASDAQ:EHTH) saw strong trading volume on Friday . 156,179 shares were traded during trading, a decline of 10% from the previous session’s volume of 173,647 shares.The stock last traded at $13.59 and had previously closed at $13.43.
Several research analysts recently weighed in on the stock. FBR & Co restated an “outperform” rating and set a $17.00 price target on shares of eHealth in a report on Tuesday, July 12th. Zacks Investment Research upgraded shares of eHealth from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Tuesday, July 12th. Jefferies Group reiterated a “hold” rating on shares of eHealth in a research note on Sunday, June 12th. TheStreet upgraded shares of eHealth from a “sell” rating to a “hold” rating in a research note on Thursday, April 28th. Finally, Craig Hallum upgraded shares of eHealth from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Friday, April 29th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. eHealth presently has a consensus rating of “Buy” and a consensus price target of $15.70.
The company has a market cap of $245.81 million and a PE ratio of 15.90. The firm’s 50-day moving average price is $13.79 and its 200-day moving average price is $11.24.
eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Thursday, April 28th. The company reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.70. The company earned $73.84 million during the quarter, compared to the consensus estimate of $67.76 million. During the same quarter last year, the company posted $0.26 earnings per share. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. On average, equities analysts anticipate that eHealth Inc. will post $0.64 EPS for the current year.
In related news, insider James E. Flynn sold 99,508 shares of the stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $13.85, for a total value of $1,378,185.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James E. Flynn sold 43,300 shares of the stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of $13.88, for a total transaction of $601,004.00. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in eHealth stock. Royce & Associates LLC raised its stake in eHealth Inc. (NASDAQ:EHTH) by 19.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 694,500 shares of the company’s stock after buying an additional 112,800 shares during the period. Royce & Associates LLC owned 3.83% of eHealth worth $6,931,000 at the end of the most recent quarter.
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.
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