eHealth, Inc. (NASDAQ:EHTH) had its price target raised by Cantor Fitzgerald from $21.00 to $27.00 in a report released on Monday. Cantor Fitzgerald currently has an overweight rating on the financial services provider’s stock.

Several other research firms also recently commented on EHTH. BidaskClub downgraded eHealth from a buy rating to a hold rating in a research note on Friday, July 28th. Jefferies Group LLC reissued a hold rating and set a $20.00 target price (up from $18.00) on shares of eHealth in a research note on Saturday, August 26th. Zacks Investment Research raised eHealth from a hold rating to a buy rating and set a $20.00 target price for the company in a research note on Wednesday, July 12th. Finally, TheStreet downgraded eHealth from a c rating to a d+ rating in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $20.50.

Shares of eHealth (NASDAQ:EHTH) opened at 25.44 on Monday. eHealth has a one year low of $6.38 and a one year high of $25.83. The firm has a 50-day moving average price of $22.73 and a 200 day moving average price of $17.82. The firm’s market capitalization is $471.53 million.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported ($0.92) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.75) by ($0.17). The company had revenue of $28.00 million for the quarter, compared to analysts’ expectations of $29.25 million. eHealth had a negative net margin of 3.44% and a negative return on equity of 5.64%. The firm’s revenue was down 24.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 earnings per share. Equities analysts forecast that eHealth will post ($0.94) earnings per share for the current fiscal year.

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In other news, Director Jack L. Oliver III sold 14,745 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $16.79, for a total transaction of $247,568.55. Following the completion of the transaction, the director now directly owns 51,375 shares of the company’s stock, valued at approximately $862,586.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 6.22% of the company’s stock.

Several hedge funds have recently modified their holdings of EHTH. BNP Paribas Arbitrage SA raised its stake in shares of eHealth by 92.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,611 shares of the financial services provider’s stock worth $143,000 after buying an additional 3,650 shares in the last quarter. OppenheimerFunds Inc. raised its stake in shares of eHealth by 11.1% during the 1st quarter. OppenheimerFunds Inc. now owns 12,891 shares of the financial services provider’s stock worth $156,000 after buying an additional 1,289 shares in the last quarter. Thrivent Financial For Lutherans purchased a new position in shares of eHealth during the 2nd quarter worth approximately $190,000. Hancock Holding Co. purchased a new position in shares of eHealth during the 2nd quarter worth approximately $198,000. Finally, Voya Investment Management LLC purchased a new position in shares of eHealth during the 2nd quarter worth approximately $201,000. 90.19% of the stock is owned by institutional investors and hedge funds.

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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