Craig Hallum reiterated their buy rating on shares of eHealth (NASDAQ:EHTH) in a research note published on Monday. They currently have a $28.00 price objective on the financial services provider’s stock.

Other equities research analysts have also recently issued research reports about the company. SunTrust Banks restated a buy rating and issued a $30.00 target price on shares of eHealth in a research note on Friday, October 27th. Cantor Fitzgerald restated a buy rating and issued a $27.00 target price on shares of eHealth in a research note on Wednesday, October 18th. TheStreet upgraded eHealth from a d+ rating to a c rating in a research note on Monday, October 16th. Jefferies Group boosted their target price on eHealth from $20.00 to $23.00 and gave the company a hold rating in a research note on Monday, October 30th. Finally, Zacks Investment Research upgraded eHealth from a strong sell rating to a hold rating in a research note on Tuesday, October 3rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $25.33.

eHealth (NASDAQ EHTH) traded down $1.13 during trading hours on Monday, hitting $17.85. The stock had a trading volume of 310,900 shares, compared to its average volume of 163,088. eHealth has a fifty-two week low of $10.23 and a fifty-two week high of $28.59.

eHealth (NASDAQ:EHTH) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported ($0.98) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.73) by ($0.25). eHealth had a negative net margin of 11.94% and a negative return on equity of 21.88%. The business had revenue of $26.62 million for the quarter, compared to the consensus estimate of $25.55 million. During the same quarter last year, the firm earned ($0.23) EPS. The company’s revenue for the quarter was down 17.0% on a year-over-year basis. analysts forecast that eHealth will post -1.6 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in eHealth by 46.1% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 91,759 shares of the financial services provider’s stock valued at $2,192,000 after acquiring an additional 28,962 shares in the last quarter. Vident Investment Advisory LLC bought a new stake in shares of eHealth during the 3rd quarter worth approximately $256,000. Boothbay Fund Management LLC raised its stake in shares of eHealth by 12.8% during the 3rd quarter. Boothbay Fund Management LLC now owns 22,287 shares of the financial services provider’s stock worth $532,000 after purchasing an additional 2,527 shares in the last quarter. Lyon Street Capital LLC raised its stake in shares of eHealth by 20.9% during the 3rd quarter. Lyon Street Capital LLC now owns 192,275 shares of the financial services provider’s stock worth $4,593,000 after purchasing an additional 33,195 shares in the last quarter. Finally, OxFORD Asset Management LLP bought a new stake in shares of eHealth during the 3rd quarter worth approximately $997,000. Hedge funds and other institutional investors own 89.94% of the company’s stock.

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About eHealth

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.

Analyst Recommendations for eHealth (NASDAQ:EHTH)

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