eHealth (EHTH) Sets New 12-Month High Following Analyst Upgrade
eHealth, Inc. (NASDAQ:EHTH)’s share price hit a new 52-week high during trading on Thursday after SunTrust Banks raised their price target on the stock to $90.00. SunTrust Banks currently has a buy rating on the stock. eHealth traded as high as $71.50 and last traded at $71.07, with a volume of 24601 shares changing hands. The stock had previously closed at $67.42.
Other equities research analysts also recently issued reports about the company. TheStreet upgraded eHealth from a “c” rating to a “b” rating in a report on Friday, February 22nd. BidaskClub upgraded eHealth from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 24th. Cantor Fitzgerald restated an “overweight” rating and set a $56.00 price target on shares of eHealth in a research note on Wednesday, January 23rd. Zacks Investment Research downgraded eHealth from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd. Finally, Evercore ISI began coverage on eHealth in a research note on Monday, February 4th. They set an “outperform” rating and a $75.00 price target for the company. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $73.86.
In other eHealth news, CFO Derek N. Yung purchased 2,000 shares of eHealth stock in a transaction dated Wednesday, February 27th. The stock was purchased at an average price of $55.36 per share, with a total value of $110,720.00. Following the transaction, the chief financial officer now directly owns 45,750 shares of the company’s stock, valued at $2,532,720. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael Goldberg sold 2,337 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $58.00, for a total transaction of $135,546.00. The disclosure for this sale can be found here. 4.14% of the stock is owned by insiders.
The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 112.64 and a beta of 1.38. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.02.
eHealth (NASDAQ:EHTH) last released its quarterly earnings results on Thursday, February 21st. The financial services provider reported $1.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.87 by ($0.26). The company had revenue of $134.92 million for the quarter, compared to analysts’ expectations of $134.66 million. eHealth had a net margin of 0.10% and a return on equity of 3.81%. On average, analysts forecast that eHealth, Inc. will post 0.9 earnings per share for the current year.
About eHealth (NASDAQ:EHTH)
eHealth, Inc provides private 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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