Shares of eHealth, Inc. (NASDAQ:EHTH – Get Rating) have received a consensus recommendation of “Hold” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $8.50.
Several equities analysts recently weighed in on the stock. StockNews.com raised shares of eHealth from a “sell” rating to a “hold” rating in a research report on Saturday, December 24th. Credit Suisse Group set a $4.00 price target on shares of eHealth in a research note on Thursday, November 24th. Truist Financial reduced their target price on shares of eHealth from $8.00 to $3.00 in a research note on Tuesday, November 8th. Craig Hallum upgraded shares of eHealth from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a research note on Thursday, December 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of eHealth from $10.00 to $4.00 in a research note on Wednesday, November 9th.
eHealth Stock Up 10.9 %
eHealth stock opened at $5.61 on Friday. The stock has a market cap of $153.83 million, a price-to-earnings ratio of -0.89 and a beta of 0.35. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.10. The company’s 50-day moving average price is $4.05 and its two-hundred day moving average price is $5.59. eHealth has a 52 week low of $2.67 and a 52 week high of $26.50.
eHealth (NASDAQ:EHTH – Get Rating) last posted its quarterly earnings data on Monday, November 7th. The financial services provider reported ($1.31) earnings per share for the quarter, beating the consensus estimate of ($1.94) by $0.63. eHealth had a negative net margin of 31.28% and a negative return on equity of 13.64%. The company had revenue of $53.38 million during the quarter, compared to analyst estimates of $48.73 million. During the same quarter last year, the firm posted ($1.96) EPS. On average, analysts expect that eHealth will post -3.52 EPS for the current fiscal year.
Insider Activity at eHealth
In other eHealth news, CEO Francis S. Soistman, Jr. purchased 80,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was acquired at an average cost of $3.08 per share, with a total value of $246,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 428,515 shares of the company’s stock, valued at approximately $1,319,826.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.00% of the stock is currently owned by company insiders.
Institutional Trading of eHealth
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. raised its holdings in eHealth by 5,760.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 7,325 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 7,200 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of eHealth by 50.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,692 shares of the financial services provider’s stock worth $45,000 after buying an additional 1,241 shares during the period. Sawtooth Solutions LLC acquired a new position in shares of eHealth during the 3rd quarter worth about $57,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of eHealth during the 3rd quarter worth about $63,000. Finally, Quantbot Technologies LP acquired a new position in shares of eHealth during the 3rd quarter worth about $68,000. 70.49% of the stock is owned by institutional investors.
eHealth Company Profile
eHealth, Inc operates a health insurance marketplace that provides consumer engagement, education, and health insurance enrollment solutions in the United States. The company operates in two segments, Medicare; and Individual, Family and Small Business. Its ecommerce 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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