eHealth (NASDAQ:EHTH – Get Free Report) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.
A number of other equities analysts also recently issued reports on EHTH. Royal Bank Of Canada cut their target price on eHealth from $9.00 to $3.00 and set a “sector perform” rating for the company in a research note on Wednesday, March 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of eHealth in a research note on Monday, December 29th. Finally, Craig Hallum downgraded shares of eHealth from a “buy” rating to a “hold” rating and set a $2.00 price objective on the stock. in a report on Thursday, February 26th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $3.33.
Check Out Our Latest Stock Analysis on eHealth
eHealth Stock Performance
eHealth (NASDAQ:EHTH – Get Free Report) last issued its earnings results on Wednesday, February 25th. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($0.32). The business had revenue of $326.24 million for the quarter, compared to analysts’ expectations of $318.25 million. eHealth had a return on equity of 5.46% and a net margin of 6.12%. Equities research analysts anticipate that eHealth will post 0.54 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, CFO John Joseph Dolan acquired 25,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average cost of $1.53 per share, with a total value of $38,250.00. Following the purchase, the chief financial officer directly owned 208,755 shares of the company’s stock, valued at approximately $319,395.15. This trade represents a 13.61% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 5.20% of the stock is owned by insiders.
Hedge Funds Weigh In On eHealth
Several hedge funds have recently bought and sold shares of EHTH. Founders Financial Securities LLC purchased a new position in eHealth in the 1st quarter valued at approximately $25,000. The Manufacturers Life Insurance Company purchased a new position in eHealth in the 2nd quarter valued at approximately $48,000. Bank of America Corp DE increased its stake in eHealth by 1,265.8% in the 2nd quarter. Bank of America Corp DE now owns 11,186 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 10,367 shares in the last quarter. Alliancebernstein L.P. purchased a new position in eHealth in the 3rd quarter valued at approximately $54,000. Finally, Headlands Technologies LLC purchased a new position in eHealth in the 4th quarter valued at approximately $62,000. 79.54% of the stock is owned by hedge funds and other institutional investors.
About eHealth
eHealth, Inc operates one of the largest online private health insurance exchanges in the United States. The company’s platform enables consumers to compare, select and enroll in individual, family and small-group health insurance plans offered by a broad network of licensed insurance carriers. In addition to Affordable Care Act–compliant offerings, eHealth provides dedicated services for Medicare Advantage, Medicare Supplement and Medicare Part D prescription drug plans, helping seniors navigate the complexities of Medicare coverage.
Through its digital marketplace, eHealth delivers real-time quotes, detailed plan comparisons and enrollment processing.
Further Reading
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