eHealth Inc. (EHTH) Sees Unusually-High Trading Volume
eHealth Inc. (NASDAQ:EHTH) saw unusually-high trading volume on Friday . Approximately 174,020 shares changed hands during trading, an increase of 10% from the previous session’s volume of 158,560 shares.The stock last traded at $13.21 and had previously closed at $13.19.
EHTH has been the subject of a number of recent research reports. Craig Hallum upgraded 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 eHealth from a “sell” rating to a “hold” rating in a research report on Thursday, April 28th. Zacks Investment Research upgraded 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 reiterated a “buy” rating on shares of eHealth in a research report on Friday, June 10th. Finally, Jefferies Group reissued a “hold” rating on shares of eHealth in a research note on Sunday, June 12th. Three equities research 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 an average target price of $15.70.
The firm has a market cap of $240.71 million and a PE ratio of 15.57. The stock has a 50 day moving average price of $13.74 and a 200 day moving average price of $11.34.
eHealth (NASDAQ:EHTH) last announced its quarterly earnings data on Thursday, April 28th. The company reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.70. The firm earned $73.84 million during the quarter, compared to analyst estimates of $67.76 million. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 EPS. On average, equities research analysts predict that eHealth Inc. will post $0.64 earnings per share for the current year.
In other news, insider James E. Flynn sold 43,300 shares of the business’s stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $13.88, for a total transaction of $601,004.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider James E. Flynn sold 63,736 shares of the business’s stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $13.92, for a total value of $887,205.12. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in eHealth stock. Royce & Associates LLC increased its position in eHealth Inc. (NASDAQ:EHTH) by 19.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 694,500 shares of the company’s stock after buying an additional 112,800 shares during the period. Royce & Associates LLC owned about 3.83% of eHealth worth $6,931,000 as of its most recent SEC filing.
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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