Cantor Fitzgerald reaffirmed their buy rating on shares of eHealth, Inc. (NASDAQ:EHTH) in a report issued on Thursday. Cantor Fitzgerald currently has a $20.00 price objective on the financial services provider’s stock.

A number of other research firms have also recently issued reports on EHTH. Zacks Investment Research cut eHealth from a buy rating to a hold rating in a research note on Friday, July 21st. Jefferies Group LLC reissued a hold rating and set a $18.00 target price on shares of eHealth in a research note on Friday, July 14th. BidaskClub raised eHealth from a hold rating to a buy rating in a research note on Wednesday, July 19th. Finally, TheStreet raised eHealth from a d+ rating to a c rating in a research note on Thursday, April 27th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. eHealth currently has a consensus rating of Buy and an average price target of $18.25.

eHealth (NASDAQ:EHTH) last posted its earnings results on Thursday, July 27th. The financial services provider reported ($0.92) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.75) by $0.17. eHealth had a negative return on equity of 5.64% and a negative net margin of 3.44%. The business had revenue of $28 million for the quarter, compared to the consensus estimate of $29.25 million. During the same period in the previous year, the company posted $0.09 earnings per share. eHealth’s revenue for the quarter was down 24.9% compared to the same quarter last year.

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Institutional investors have recently added to or reduced their stakes in the company. Comerica Bank increased its position in eHealth by 5.9% in the fourth quarter. Comerica Bank now owns 17,737 shares of the financial services provider’s stock worth $221,000 after buying an additional 989 shares during the period. State Street Corp increased 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 worth $3,725,000 after buying an additional 20,695 shares during the period. Dimensional Fund Advisors LP increased its position in eHealth by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 588,665 shares of the financial services provider’s stock worth $6,269,000 after buying an additional 19,629 shares during the period. Teachers Advisors LLC increased its position in 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. Finally, Bank of New York Mellon Corp increased its position in 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. 93.59% of the stock is owned by hedge funds and other institutional investors.

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.

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