eHealth (NASDAQ:EHTH) Shares Down 5.1%

Shares of eHealth, Inc. (NASDAQ:EHTH) dropped 5.1% during mid-day trading on Monday . The company traded as low as $52.71 and last traded at $53.12, approximately 580,244 shares traded hands during trading. An increase of 0% from the average daily volume of 577,950 shares. The stock had previously closed at $55.98.

EHTH has been the topic of a number of recent analyst reports. First Analysis upgraded eHealth from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $106.00 to $136.00 in a research report on Monday, July 29th. Credit Suisse Group upgraded eHealth to an “outperform” rating in a research report on Friday, September 27th. Evercore ISI set a $125.00 price target on eHealth and gave the stock a “buy” rating in a research report on Friday, September 27th. ValuEngine downgraded eHealth from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Cantor Fitzgerald increased their price target on eHealth from $100.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. eHealth currently has a consensus rating of “Buy” and a consensus target price of $117.20.

The business has a fifty day simple moving average of $76.17 and a 200 day simple moving average of $77.14. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 84.31 and a beta of 1.07. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.12 and a quick ratio of 4.12.

eHealth (NASDAQ:EHTH) last announced its earnings results on Thursday, July 25th. The financial services provider reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.47. eHealth had a return on equity of 7.70% and a net margin of 1.99%. The business had revenue of $65.80 million during the quarter, compared to analysts’ expectations of $40.98 million. The company’s revenue was up 101.2% compared to the same quarter last year. On average, research analysts anticipate that eHealth, Inc. will post 1.34 earnings per share for the current fiscal year.

In other eHealth news, insider Robert S. Hurley sold 1,500 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $66.51, for a total transaction of $99,765.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dale B. Wolf bought 1,000 shares of eHealth stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $82.10 per share, with a total value of $82,100.00. Following the acquisition, the director now directly owns 4,533 shares of the company’s stock, valued at $372,159.30. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 4,000 shares of company stock valued at $374,440 and have sold 168,627 shares valued at $17,476,948. 5.00% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in EHTH. FMR LLC raised its holdings in shares of eHealth by 1,540.3% during the first quarter. FMR LLC now owns 1,644,434 shares of the financial services provider’s stock valued at $102,514,000 after acquiring an additional 1,544,184 shares during the last quarter. Waddell & Reed Financial Inc. acquired a new stake in shares of eHealth in the second quarter valued at approximately $30,838,000. Invesco Ltd. increased its holdings in shares of eHealth by 130.9% in the second quarter. Invesco Ltd. now owns 411,530 shares of the financial services provider’s stock valued at $35,432,000 after purchasing an additional 233,335 shares during the last quarter. Axiom International Investors LLC DE acquired a new stake in shares of eHealth in the second quarter valued at approximately $18,036,000. Finally, Redmile Group LLC increased its holdings in shares of eHealth by 12.0% in the first quarter. Redmile Group LLC now owns 1,222,405 shares of the financial services provider’s stock valued at $76,205,000 after purchasing an additional 131,010 shares during the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

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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