Somewhat Critical Press Coverage Likely to Impact eHealth (EHTH) Share Price
Media stories about eHealth (NASDAQ:EHTH) have been trending somewhat negative recently, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. eHealth earned a media sentiment score of -0.05 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 72 out of 100, indicating that recent media coverage is likely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- eHealth, Inc. (EHTH) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Dave Nicklaus (dotmed.com)
- Jefferies Group LLC Reaffirms Hold Rating for eHealth, Inc. (EHTH) (americanbankingnews.com)
- eHealth, Inc. to Announce Second Quarter 2017 Earnings Results on July 27 at 5 p.m. Eastern Time (finance.yahoo.com)
- Look for Shares of Equinix Inc to Potentially Pullback after Yesterday’s 1.84% Rise (mysmartrend.com)
EHTH has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of eHealth from a “hold” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a research note on Tuesday, May 9th. Cantor Fitzgerald restated a “buy” rating and set a $15.00 target price on shares of eHealth in a research note on Thursday, March 23rd. TheStreet upgraded shares of eHealth from a “d+” rating to a “c” rating in a research note on Thursday, April 27th. Finally, Jefferies Group LLC restated a “hold” rating and set a $11.50 target price on shares of eHealth in a research note on Thursday, March 30th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. eHealth has a consensus rating of “Buy” and an average price target of $18.00.
eHealth (EHTH) opened at 18.76 on Monday. eHealth has a 1-year low of $6.38 and a 1-year high of $19.53. The firm’s 50-day moving average is $18.19 and its 200 day moving average is $13.42. The company has a market cap of $345.77 million, a PE ratio of 32.97 and a beta of 1.59.
eHealth (NASDAQ:EHTH) last issued its quarterly earnings results on Thursday, April 27th. The financial services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $0.26 by $1.55. eHealth had a return on equity of 11.84% and a net margin of 5.47%. The business had revenue of $78.94 million during the quarter, compared to the consensus estimate of $69.97 million. During the same quarter last year, the company earned $1.10 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts predict that eHealth will post ($1.01) earnings per share for the current fiscal year.
In related news, insider James E. Flynn sold 426,954 shares of eHealth stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $11.66, for a total transaction of $4,978,283.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.26% of the company’s stock.
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eHealth Company Profile
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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