BidaskClub upgraded shares of eHealth (NASDAQ:EHTH) from a buy rating to a strong-buy rating in a research note released on Thursday morning.

A number of other brokerages also recently issued reports on EHTH. ValuEngine downgraded eHealth from a hold rating to a sell rating in a research report on Thursday, May 17th. Zacks Investment Research downgraded eHealth from a buy rating to a hold rating in a research report on Tuesday, May 15th. TheStreet raised eHealth from a d rating to a c- rating in a research report on Thursday, April 26th. Finally, Cantor Fitzgerald reissued an overweight rating and issued a $26.00 target price on shares of eHealth in a research report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $26.86.

Shares of EHTH stock opened at $30.03 on Thursday. The firm has a market cap of $485.34 million, a PE ratio of -23.46 and a beta of 1.36. eHealth has a 12-month low of $13.61 and a 12-month high of $32.96.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings results on Thursday, July 26th. The financial services provider reported ($0.40) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.05. The business had revenue of $32.66 million for the quarter, compared to the consensus estimate of $34.11 million. eHealth had a negative return on equity of 30.53% and a negative net margin of 41.39%. equities research analysts anticipate that eHealth will post 0.21 EPS for the current year.

In related news, Director Ellen O. Tauscher sold 31,857 shares of the company’s stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $23.16, for a total value of $737,808.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jack L. Oliver III sold 30,750 shares of the company’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $24.82, for a total value of $763,215.00. Following the completion of the transaction, the director now directly owns 38,637 shares in the company, valued at $958,970.34. The disclosure for this sale can be found here. 4.14% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EHTH. Wells Fargo & Company MN grew its position in eHealth by 18.4% during the 4th quarter. Wells Fargo & Company MN now owns 30,907 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 4,804 shares during the period. Deutsche Bank AG grew its position in eHealth by 17.0% during the 4th quarter. Deutsche Bank AG now owns 200,450 shares of the financial services provider’s stock worth $3,481,000 after purchasing an additional 29,179 shares during the period. MetLife Investment Advisors LLC acquired a new stake in eHealth during the 4th quarter worth about $139,000. KBC Group NV acquired a new stake in eHealth during the 1st quarter worth about $115,000. Finally, BlackRock Inc. grew its position in eHealth by 2.2% during the 1st quarter. BlackRock Inc. now owns 2,164,085 shares of the financial services provider’s stock worth $30,968,000 after purchasing an additional 46,141 shares during the period. 89.01% of the stock is currently owned by hedge funds and other institutional investors.

About eHealth

eHealth, Inc provides private online health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its e-commerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.

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Analyst Recommendations for eHealth (NASDAQ:EHTH)

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