eHealth Inc. (EHTH) Stock Price Down 2.5%
Shares of eHealth Inc. (NASDAQ:EHTH) were down 2.5% on Tuesday . The company traded as low as $11.13 and last traded at $11.26, with a volume of 88,926 shares. The stock had previously closed at $11.55.
A number of analysts have recently weighed in on EHTH shares. Craig Hallum upgraded shares of eHealth from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Friday, April 29th. TheStreet upgraded shares of eHealth from a “sell” rating to a “hold” rating in a report on Thursday, April 28th. Zacks Investment Research upgraded shares of 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. FBR & Co restated a “buy” rating on shares of eHealth in a report on Friday, June 10th. Finally, Jefferies Group restated a “hold” rating on shares of eHealth in a report on Sunday, June 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $15.00.
The company has a 50 day moving average of $12.14 and a 200 day moving average of $11.52. The company has a market capitalization of $205.80 million and a price-to-earnings ratio of 22.33.
eHealth (NASDAQ:EHTH) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The company earned $37.28 million during the quarter, compared to analysts’ expectations of $37.93 million. During the same quarter in the previous year, the firm earned $0.44 EPS. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. Equities research analysts anticipate that eHealth Inc. will post $0.64 EPS for the current fiscal year.
In other eHealth news, EVP Robert S. Hurley bought 6,500 shares of eHealth stock in a transaction dated Thursday, August 4th. The shares were purchased at an average cost of $9.12 per share, for a total transaction of $59,280.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider James E. Flynn sold 212,581 shares of the business’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $14.13, for a total transaction of $3,003,769.53. 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 eHealth Inc. (NASDAQ:EHTH) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 filing with the SEC.
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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