eHealth, Inc. (NASDAQ:EHTH) Given Average Recommendation of “Buy” by Brokerages

eHealth, Inc. (NASDAQ:EHTH) has been given an average recommendation of “Buy” by the fourteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $117.22.

Several brokerages have weighed in on EHTH. Royal Bank of Canada set a $111.00 target price on shares of eHealth and gave the company a “buy” rating in a research note on Friday, October 25th. Raymond James set a $90.00 price target on eHealth and gave the stock a “buy” rating in a research report on Friday, October 25th. First Analysis upgraded eHealth from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $106.00 to $136.00 in a report on Monday, July 29th. ValuEngine cut eHealth from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, BidaskClub upgraded eHealth from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th.

In other eHealth news, insider Robert S. Hurley sold 1,500 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $69.39, for a total transaction of $104,085.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Goldberg sold 7,013 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $102.15, for a total value of $716,377.95. The disclosure for this sale can be found here. Insiders have sold a total of 11,513 shares of company stock worth $1,043,588 in the last 90 days. 5.00% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in EHTH. WINTON GROUP Ltd purchased a new position in eHealth during the 2nd quarter worth approximately $202,000. Xact Kapitalforvaltning AB purchased a new stake in shares of eHealth in the second quarter worth about $232,000. Louisiana State Employees Retirement System grew its holdings in eHealth by 2.9% during the second quarter. Louisiana State Employees Retirement System now owns 7,100 shares of the financial services provider’s stock worth $634,000 after acquiring an additional 200 shares during the period. Gradient Investments LLC acquired a new stake in eHealth during the second quarter worth about $1,236,000. Finally, New York State Teachers Retirement System raised its position in eHealth by 5.3% during the second quarter. New York State Teachers Retirement System now owns 51,156 shares of the financial services provider’s stock valued at $4,405,000 after acquiring an additional 2,572 shares in the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s stock.

eHealth stock traded up $0.26 during trading hours on Friday, reaching $82.37. The stock had a trading volume of 448,300 shares, compared to its average volume of 626,855. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 130.75 and a beta of 1.07. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.07 and a quick ratio of 2.06. The business’s 50 day moving average price is $66.58 and its 200-day moving average price is $78.31. eHealth has a 52 week low of $33.50 and a 52 week high of $112.22.

eHealth (NASDAQ:EHTH) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported ($0.43) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.63) by $0.20. eHealth had a net margin of 1.22% and a return on equity of 4.69%. The business had revenue of $69.80 million for the quarter, compared to analysts’ expectations of $55.74 million. The firm’s quarterly revenue was up 71.1% compared to the same quarter last year. On average, sell-side analysts forecast that eHealth will post 1.58 EPS for the current fiscal year.

eHealth Company Profile

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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Analyst Recommendations for eHealth (NASDAQ:EHTH)

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