Shares of eHealth, Inc. (NASDAQ:EHTH) have received an average recommendation of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $26.40.
EHTH has been the subject of a number of analyst reports. BidaskClub raised shares of eHealth from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Jefferies Group reissued a “hold” rating and set a $20.00 target price (up previously from $18.00) on shares of eHealth in a research note on Saturday, August 26th. Cantor Fitzgerald reissued a “buy” rating and set a $27.00 target price on shares of eHealth in a research note on Wednesday, October 18th. SunTrust Banks reissued a “buy” rating and set a $30.00 target price on shares of eHealth in a research note on Friday, October 27th. Finally, Wells Fargo & Company lifted their target price on shares of eHealth from $18.00 to $24.00 and gave the stock a “market perform” rating in a research note on Thursday, October 19th.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC raised its stake in eHealth by 46.1% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 91,759 shares of the financial services provider’s stock worth $2,192,000 after buying an additional 28,962 shares during the last quarter. Vident Investment Advisory LLC bought a new stake in eHealth in the third quarter valued at $256,000. Boothbay Fund Management LLC increased its stake in eHealth by 12.8% in the third quarter. Boothbay Fund Management LLC now owns 22,287 shares of the financial services provider’s stock valued at $532,000 after purchasing an additional 2,527 shares in the last quarter. Lyon Street Capital LLC increased its stake in eHealth by 20.9% in the third quarter. Lyon Street Capital LLC now owns 192,275 shares of the financial services provider’s stock valued at $4,593,000 after purchasing an additional 33,195 shares in the last quarter. Finally, OxFORD Asset Management LLP bought a new stake in eHealth in the third quarter valued at $997,000. 89.94% of the stock is owned by institutional investors and hedge funds.
eHealth (NASDAQ EHTH) traded down $0.18 during mid-day trading on Friday, hitting $17.84. 198,539 shares of the stock traded hands, compared to its average volume of 166,100. eHealth has a 12-month low of $10.31 and a 12-month high of $28.59.
eHealth (NASDAQ:EHTH) last released its quarterly earnings results on Thursday, October 26th. The financial services provider reported ($0.98) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.73) by ($0.25). The business had revenue of $26.62 million for the quarter, compared to the consensus estimate of $25.55 million. eHealth had a negative net margin of 11.94% and a negative return on equity of 21.88%. eHealth’s revenue was down 17.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.23) EPS. sell-side analysts forecast that eHealth will post -1.6 EPS for the current fiscal year.
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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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