eHealth Inc. (EHTH) Shares Up 1.8%
eHealth Inc. (NASDAQ:EHTH) shares shot up 1.8% during trading on Wednesday . The company traded as high as $11.92 and last traded at $11.74, with a volume of 235,198 shares traded. The stock had previously closed at $11.53.
A number of brokerages recently commented on EHTH. Zacks Investment Research cut eHealth from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 5th. FBR & Co restated a “buy” rating on shares of eHealth in a research report on Friday, June 10th. TheStreet upgraded eHealth from a “sell” rating to a “hold” rating in a research report on Thursday, April 28th. Jefferies Group decreased their price target on eHealth from $13.00 to $12.00 and set a “hold” rating on the stock in a research report on Friday, July 29th. Finally, Craig Hallum cut eHealth from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. eHealth presently has an average rating of “Hold” and a consensus target price of $15.00.
The firm has a market cap of $213.68 million and a price-to-earnings ratio of 23.18. The firm’s 50 day moving average is $12.38 and its 200-day moving average is $11.48.
eHealth (NASDAQ:EHTH) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.09 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.09. The business earned $37.28 million during the quarter, compared to analysts’ expectations of $37.93 million. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 EPS. On average, equities research analysts predict that eHealth Inc. will post $0.64 EPS for the current fiscal year.
In other news, major shareholder James E. Flynn sold 178,454 shares of the company’s stock in a transaction on Monday, June 20th. The stock was sold at an average price of $14.20, for a total transaction of $2,534,046.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Scott N. Flanders purchased 117,000 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were purchased at an average cost of $9.15 per share, for a total transaction of $1,070,550.00. The disclosure for this purchase can be found here.
A hedge fund recently raised its stake in eHealth stock. Dimensional Fund Advisors LP boosted 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 approximately 2.13% of eHealth worth $3,849,000 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.
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.