Shares of eHealth, Inc. (NASDAQ:EHTH) hit a new 52-week high during trading on Monday . The company traded as high as $85.64 and last traded at $81.36, with a volume of 5814 shares trading hands. The stock had previously closed at $82.15.
EHTH has been the subject of a number of research reports. BidaskClub upgraded eHealth from a “hold” rating to a “buy” rating in a research note on Monday. SunTrust Banks lifted their target price on eHealth to $120.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Craig Hallum restated a “buy” rating and issued a $85.00 target price (up from $75.00) on shares of eHealth in a research note on Friday, April 26th. TheStreet downgraded eHealth from a “b” rating to a “c” rating in a research note on Thursday, April 25th. Finally, Royal Bank of Canada set a $89.00 target price on eHealth and gave the company a “buy” rating in a research note on Friday, April 26th. Nine investment analysts have rated the stock with a buy rating, eHealth has a consensus rating of “Buy” and a consensus target price of $86.57.
The stock’s 50 day moving average is $69.33. The company has a market cap of $1.78 billion, a P/E ratio of 124.68 and a beta of 1.11.
eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.49. The business had revenue of $68.80 million during the quarter, compared to the consensus estimate of $51.61 million. eHealth had a positive return on equity of 5.82% and a negative net margin of 0.03%. The business’s revenue was up 59.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.07) earnings per share. On average, research analysts forecast that eHealth, Inc. will post 1.17 EPS for the current year.
In other news, CEO Scott N. Flanders sold 34,005 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $60.95, for a total transaction of $2,072,604.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Goldberg sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $63.23, for a total value of $474,225.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,255 shares of company stock valued at $3,355,545. Insiders own 4.14% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Quantamental Technologies LLC acquired a new position in shares of eHealth during the first quarter worth approximately $29,000. Macquarie Group Ltd. acquired a new position in shares of eHealth during the fourth quarter worth approximately $27,000. Meeder Asset Management Inc. acquired a new position in shares of eHealth during the first quarter worth approximately $67,000. Oppenheimer & Co. Inc. acquired a new position in shares of eHealth during the first quarter worth approximately $220,000. Finally, Shell Asset Management Co. acquired a new position in shares of eHealth during the first quarter worth approximately $232,000. Institutional investors and hedge funds own 98.03% of the company’s stock.
About eHealth (NASDAQ:EHTH)
eHealth, Inc provides private health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its e-commerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.
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