eHealth, Inc. (EHTH) Earns “Hold” Rating from Jefferies Group LLC
Jefferies Group LLC reiterated their hold rating on shares of eHealth, Inc. (NASDAQ:EHTH) in a research report sent to investors on Saturday morning. The firm currently has a $20.00 price objective on the financial services provider’s stock, up from their previous price objective of $18.00.
Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of eHealth from a hold rating to a strong-buy rating and set a $20.00 price target for the company in a research note on Tuesday, May 9th. BidaskClub raised shares of eHealth from a sell rating to a hold rating in a report on Thursday, August 24th. Finally, Cantor Fitzgerald reaffirmed a buy rating and set a $20.00 price objective on shares of eHealth in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $18.75.
eHealth (NASDAQ EHTH) opened at 23.27 on Friday. eHealth has a 1-year low of $6.38 and a 1-year high of $24.73. The company’s market cap is $431.31 million. The firm’s 50-day moving average is $18.27 and its 200 day moving average is $15.35.
eHealth (NASDAQ:EHTH) last issued its quarterly earnings results on Thursday, July 27th. The financial services provider reported ($0.92) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.75) by $0.17. The business had revenue of $28 million during the quarter, compared to analyst estimates of $29.25 million. eHealth had a negative net margin of 3.44% and a negative return on equity of 5.64%. The company’s revenue for the quarter was down 24.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 earnings per share. Analysts predict that eHealth will post ($0.94) earnings per share for the current fiscal year.
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In other eHealth news, Director Jack L. Oliver III sold 14,745 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $16.79, for a total transaction of $247,568.55. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.26% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EHTH. State Street Corp raised its position in eHealth by 6.3% in the fourth quarter. State Street Corp now owns 350,109 shares of the financial services provider’s stock valued at $3,725,000 after buying an additional 20,695 shares in the last quarter. Teachers Advisors LLC raised its position in shares of eHealth by 8.1% in the fourth quarter. Teachers Advisors LLC now owns 31,136 shares of the financial services provider’s stock worth $332,000 after buying an additional 2,337 shares during the period. Bank of New York Mellon Corp raised its position in shares of eHealth by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 159,009 shares of the financial services provider’s stock worth $1,915,000 after buying an additional 3,931 shares during the period. Comerica Bank raised its position in shares of eHealth by 3.6% in the first quarter. Comerica Bank now owns 18,381 shares of the financial services provider’s stock worth $216,000 after buying an additional 644 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of eHealth by 4.7% in the first quarter. Ameriprise Financial Inc. now owns 86,870 shares of the financial services provider’s stock worth $1,046,000 after buying an additional 3,920 shares during the period. Institutional investors own 89.99% of the company’s stock.
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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