Zacks Investment Research Upgrades eHealth (EHTH) to “Buy”

eHealth (NASDAQ:EHTH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The firm currently has a $46.00 price target on the financial services provider’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.91% from the stock’s previous close.

According to Zacks, “eHealth, Inc. is the parent company of eHealthInsurance, the leading online source of health insurance for individuals, families and small businesses. eHealthInsurance presents complex health insurance information in an objective, user-friendly format, enabling the research, analysis, comparison and purchase of health insurance products that best meet consumers’ needs. eHealth and eHealthInsurance.com are registered trademarks of eHealthInsurance Services, Inc. eHealth, Inc. and its technology was responsible for the nation’s first Internet-based sale of a health insurance policy. The Company is headquartered in Mountain View, California. “

A number of other research analysts also recently commented on EHTH. Cantor Fitzgerald reaffirmed a “buy” rating and set a $39.00 price objective on shares of eHealth in a research report on Thursday, October 25th. BidaskClub raised shares of eHealth from a “hold” rating to a “buy” rating in a research report on Tuesday, October 9th. ValuEngine raised shares of eHealth from a “hold” rating to a “buy” rating in a research report on Thursday, October 4th. SunTrust Banks boosted their price objective on shares of eHealth to $50.00 and gave the company a “buy” rating in a research report on Thursday, December 20th. Finally, Royal Bank of Canada assumed coverage on shares of eHealth in a research report on Thursday, December 20th. They set an “outperform” rating and a $57.00 price objective on the stock. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $46.40.

Shares of EHTH stock traded down $0.11 during trading hours on Friday, reaching $40.74. 127,658 shares of the stock traded hands, compared to its average volume of 236,096. eHealth has a 1-year low of $13.61 and a 1-year high of $41.93. The firm has a market capitalization of $790.62 million, a P/E ratio of -31.83 and a beta of 0.61.

eHealth (NASDAQ:EHTH) last released its quarterly earnings results on Thursday, October 25th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.36) by $0.14. eHealth had a negative net margin of 30.13% and a negative return on equity of 17.79%. The business had revenue of $40.75 million for the quarter, compared to analyst estimates of $34.10 million. Equities research analysts predict that eHealth will post 0.47 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its position in eHealth by 1.9% in the third quarter. BlackRock Inc. now owns 2,506,897 shares of the financial services provider’s stock worth $70,845,000 after acquiring an additional 45,907 shares in the last quarter. Redmile Group LLC grew its position in eHealth by 6.9% in the third quarter. Redmile Group LLC now owns 1,472,595 shares of the financial services provider’s stock worth $41,616,000 after acquiring an additional 94,700 shares in the last quarter. Dimensional Fund Advisors LP grew its position in eHealth by 19.8% in the third quarter. Dimensional Fund Advisors LP now owns 682,474 shares of the financial services provider’s stock worth $19,287,000 after acquiring an additional 112,674 shares in the last quarter. Cowen Prime Services LLC grew its position in eHealth by 1.7% in the third quarter. Cowen Prime Services LLC now owns 540,450 shares of the financial services provider’s stock worth $15,273,000 after acquiring an additional 8,900 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC lifted its stake in shares of eHealth by 389.1% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 461,261 shares of the financial services provider’s stock worth $13,035,000 after buying an additional 366,954 shares during the last quarter. 94.54% of the stock is owned by institutional investors.

eHealth Company Profile

eHealth, Inc provides private online 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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