eHealth, Inc. (EHTH) Sees Unusually-High Trading Volume
eHealth, Inc. (NASDAQ:EHTH) saw strong trading volume on Monday . 385,638 shares changed hands during trading, an increase of 47% from the previous session’s volume of 262,142 shares.The stock last traded at $9.40 and had previously closed at $9.55.
Several analysts have weighed in on the company. Jefferies Group reiterated a “hold” rating on shares of eHealth in a research note on Sunday, June 12th. Zacks Investment Research upgraded eHealth from a “hold” rating to a “strong-buy” rating and set a $14.00 price target on the stock in a research note on Wednesday, May 4th. TheStreet upgraded eHealth from a “sell” rating to a “hold” rating in a research note on Thursday, April 28th. FBR & Co reiterated a “buy” rating and set a $17.00 price target on shares of eHealth in a research note on Friday. Finally, Craig Hallum upgraded eHealth from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Friday, April 29th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.00.
The company has a 50 day moving average price of $13.48 and a 200 day moving average price of $11.46. The company has a market cap of $170.52 million and a PE ratio of 18.57.
eHealth (NASDAQ:EHTH) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The company earned $37.28 million during the quarter, compared to analyst estimates of $37.93 million. During the same quarter in the previous year, the business posted $0.44 earnings per share. The firm’s revenue was down 6.6% on a year-over-year basis. Analysts expect that eHealth, Inc. will post $0.67 EPS for the current fiscal year.
In other eHealth news, insider James E. Flynn sold 43,300 shares of the firm’s stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $13.88, for a total value of $601,004.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James E. Flynn sold 99,508 shares of the firm’s stock in a transaction on Thursday, June 2nd. The shares were 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.
A hedge fund recently raised its stake in eHealth stock. Dimensional Fund Advisors LP raised its position in shares of eHealth, Inc. (NASDAQ:EHTH) by 3.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.
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.
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.