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.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EHTH. Prudential Financial Inc. increased its position in shares of eHealth by 1.4% during the 4th quarter. Prudential Financial Inc. now owns 27,115 shares of the financial services provider’s stock valued at $1,042,000 after purchasing an additional 380 shares during the last quarter. Texas Permanent School Fund boosted its position in shares of eHealth by 5.2% during the 4th quarter. Texas Permanent School Fund now owns 10,667 shares of the financial services provider’s stock valued at $410,000 after acquiring an additional 532 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in eHealth during the 4th quarter valued at $27,000. Legal & General Group Plc raised its holdings in eHealth by 2.0% during the 4th quarter. Legal & General Group Plc now owns 35,337 shares of the financial services provider’s stock valued at $1,337,000 after buying an additional 707 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in eHealth by 13.4% during the 1st quarter. State of Alaska Department of Revenue now owns 6,180 shares of the financial services provider’s stock valued at $385,000 after buying an additional 730 shares during the period. 82.00% of the stock is owned by hedge funds and other institutional investors.

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.

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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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