eHealth Inc. (EHTH) Shares Gap Up to $9.98
Shares of eHealth Inc. (NASDAQ:EHTH) gapped up before the market opened on Tuesday . The stock had previously closed at $9.91, but opened at $9.98. eHealth shares last traded at $10.30, with a volume of 192,337 shares traded.
A number of analysts recently commented on EHTH shares. Craig Hallum upgraded eHealth from a “hold” rating to a “buy” rating in a report on Friday. FBR & Co reiterated a “buy” rating and set a $17.00 price target on shares of eHealth in a report on Friday, July 29th. Zacks Investment Research upgraded eHealth from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Tuesday, July 12th. Jefferies Group reiterated a “hold” rating on shares of eHealth in a report on Sunday, June 12th. Finally, TheStreet upgraded eHealth from a “sell” rating to a “hold” rating in a report on Thursday, April 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. eHealth presently has a consensus rating of “Hold” and a consensus target price of $15.00.
The stock has a market cap of $192.43 million and a PE ratio of 20.95. The stock’s 50 day moving average is $12.76 and its 200 day moving average is $11.43.
eHealth (NASDAQ:EHTH) last announced its earnings results on Thursday, July 28th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The firm earned $37.28 million during the quarter, compared to the consensus estimate of $37.93 million. During the same period in the prior year, the company posted $0.44 EPS. The firm’s revenue was down 6.6% on a year-over-year basis. Equities research analysts predict that eHealth Inc. will post $0.64 EPS for the current year.
In related news, EVP Robert S. Hurley purchased 6,500 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The shares were bought at an average price of $9.12 per share, for a total transaction of $59,280.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider James E. Flynn sold 99,508 shares of the company’s stock in a transaction that occurred on 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.
A hedge fund recently raised its stake in eHealth stock. Royce & Associates LLC increased its stake in eHealth Inc. (NASDAQ:EHTH) by 19.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 694,500 shares of the company’s stock after buying an additional 112,800 shares during the period. Royce & Associates LLC owned approximately 3.83% of eHealth worth $6,931,000 at the end of the most recent quarter.
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.
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