eHealth Inc. (EHTH) Sees Strong Trading Volume
eHealth Inc. (NASDAQ:EHTH) saw strong trading volume on Friday . 555,179 shares were traded during mid-day trading, an increase of 17% from the previous session’s volume of 476,058 shares.The stock last traded at $11.64 and had previously closed at $11.66.
Several analysts have issued reports on the company. Jefferies Group restated a “hold” rating on shares of eHealth in a report on Sunday, June 12th. Zacks Investment Research upgraded eHealth from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a report on Wednesday, May 4th. TheStreet upgraded eHealth from a “sell” rating to a “hold” rating in a report on Thursday, April 28th. FBR & Co reaffirmed a “buy” rating on shares of eHealth in a research note on Friday, June 10th. Finally, Craig Hallum raised 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $15.00.
The company’s 50-day moving average is $12.20 and its 200 day moving average is $11.49. The firm has a market cap of $214.78 million and a price-to-earnings ratio of 23.30.
eHealth (NASDAQ:EHTH) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. During the same period in the prior year, the business earned $0.44 earnings per share. The business earned $37.28 million during the quarter, compared to analyst estimates of $37.93 million. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, equities research analysts expect that eHealth Inc. will post $0.64 earnings per share for the current year.
In related news, insider James E. Flynn sold 212,581 shares of eHealth stock in a transaction on Friday, May 27th. The stock was sold at an average price of $14.13, for a total transaction of $3,003,769.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott N. Flanders acquired 117,000 shares of eHealth stock in a transaction that occurred on Thursday, August 4th. The shares were purchased at an average cost of $9.15 per share, with a total value of $1,070,550.00. The disclosure for this purchase can be found here.
An institutional investor recently raised its position in eHealth stock. Dimensional Fund Advisors LP boosted its stake in eHealth Inc. (NASDAQ:EHTH) by 3.5% during the fourth quarter, according to its most recent disclosure 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 about 2.13% of eHealth worth $3,849,000 as of its most recent SEC filing.
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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