eHealth, Inc. (NASDAQ:EHTH) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

A number of other equities analysts also recently weighed in on EHTH. Cantor Fitzgerald restated a “buy” rating and set a $15.00 target price on shares of eHealth in a report on Thursday, March 23rd. Jefferies Group LLC restated a “hold” rating and set a $11.50 target price on shares of eHealth in a report on Thursday, March 30th. Zacks Investment Research upgraded shares of eHealth from a “strong sell” rating to a “hold” rating in a report on Friday, April 28th. Finally, TheStreet upgraded shares of eHealth from a “d+” rating to a “c” rating in a report on Thursday, April 27th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $18.00.

Shares of eHealth (EHTH) opened at 19.12 on Wednesday. The company has a market capitalization of $352.40 million, a P/E ratio of 33.60 and a beta of 1.60. eHealth has a 12-month low of $6.38 and a 12-month high of $19.53. The company’s 50 day moving average is $18.42 and its 200 day moving average is $14.23.

eHealth (NASDAQ:EHTH) last issued its earnings results on Thursday, April 27th. The financial services provider reported $1.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $1.55. The business had revenue of $78.94 million for the quarter, compared to the consensus estimate of $69.97 million. eHealth had a net margin of 5.47% and a return on equity of 11.84%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 earnings per share. Analysts expect that eHealth will post ($1.01) earnings per share for the current fiscal year.

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In other eHealth news, insider James E. Flynn sold 426,954 shares of eHealth stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $11.66, for a total transaction of $4,978,283.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.22% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in EHTH. Redmile Group LLC boosted its position in eHealth by 19.4% in the first quarter. Redmile Group LLC now owns 1,191,334 shares of the financial services provider’s stock worth $14,344,000 after buying an additional 193,713 shares during the period. Bank of America Corp DE boosted its position in eHealth by 131.4% in the first quarter. Bank of America Corp DE now owns 25,728 shares of the financial services provider’s stock worth $310,000 after buying an additional 14,610 shares during the period. Schwab Charles Investment Management Inc. boosted its position in eHealth by 6.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 53,897 shares of the financial services provider’s stock worth $649,000 after buying an additional 3,078 shares during the period. Renaissance Technologies LLC boosted its position in eHealth by 11.3% in the first quarter. Renaissance Technologies LLC now owns 878,900 shares of the financial services provider’s stock worth $10,582,000 after buying an additional 89,400 shares during the period. Finally, Cannell Capital LLC boosted its position in eHealth by 37.2% in the first quarter. Cannell Capital LLC now owns 916,364 shares of the financial services provider’s stock worth $11,033,000 after buying an additional 248,417 shares during the period. 93.51% of the stock is owned by hedge funds and other institutional investors.

eHealth Company Profile

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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