eHealth Inc. (EHTH) Stock Price Up 2.1%
eHealth Inc. (NASDAQ:EHTH) rose 2.1% during mid-day trading on Monday . The stock traded as high as $13.89 and last traded at $13.79, with a volume of 144,579 shares traded. The stock had previously closed at $13.50.
EHTH has been the subject of several research reports. Craig Hallum upgraded shares of eHealth from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Friday, April 29th. TheStreet upgraded shares of eHealth from a “sell” rating to a “hold” rating in a research report on Thursday, April 28th. Zacks Investment Research upgraded shares of eHealth from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a research report on Wednesday, May 4th. FBR & Co restated a “buy” rating on shares of eHealth in a research report on Friday, June 10th. Finally, Jefferies Group restated a “hold” rating on shares of eHealth in a research report on Sunday, June 12th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $15.70.
The stock’s 50-day moving average price is $13.79 and its 200 day moving average price is $11.24. The stock has a market cap of $251.63 million and a price-to-earnings ratio of 16.28.
eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Thursday, April 28th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.70. The firm earned $73.84 million during the quarter, compared to the consensus estimate of $67.76 million. During the same period in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. Equities analysts anticipate that eHealth Inc. will post $0.64 EPS for the current fiscal year.
In other news, insider James E. Flynn sold 204,854 shares of the stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $14.21, for a total transaction of $2,910,975.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James E. Flynn sold 43,300 shares of the stock in a transaction that occurred on Tuesday, June 14th. The shares were 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.
An institutional investor recently raised its position in eHealth stock. Dimensional Fund Advisors LP increased its position in shares of eHealth Inc. (NASDAQ:EHTH) by 3.5% during the fourth quarter, according to its most recent disclosure 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 approximately 2.13% of eHealth worth $3,849,000 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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