Credit Suisse Group assumed coverage on shares of eHealth (NASDAQ:EHTH) in a report released on Wednesday morning, The Fly reports. The brokerage issued an outperform rating and a $104.00 target price on the financial services provider’s stock.
Other analysts have also recently issued research reports about the stock. SunTrust Banks upped their target price on shares of eHealth to $120.00 and gave the company a buy rating in a research report on Wednesday, May 15th. BidaskClub cut shares of Walgreens Boots Alliance from a sell rating to a strong sell rating in a research report on Monday, June 24th. TheStreet cut shares of Trinity Industries from a b rating to a c rating in a research report on Thursday, April 25th. Zacks Investment Research cut shares of EXACT Sciences from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Finally, Cantor Fitzgerald restated a buy rating and issued a $107.00 price objective on shares of Perrigo in a research report on Wednesday, May 8th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. eHealth has an average rating of Buy and a consensus price target of $92.13.
NASDAQ:EHTH opened at $89.36 on Wednesday. The stock’s fifty day moving average price is $77.64. eHealth has a 52-week low of $22.30 and a 52-week high of $95.50. The firm has a market cap of $2.02 billion, a P/E ratio of 108.98 and a beta of 1.23.
eHealth (NASDAQ:EHTH) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.33 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.49. The company had revenue of $68.80 million during the quarter, compared to analysts’ expectations of $51.61 million. eHealth had a negative net margin of 0.03% and a positive return on equity of 5.82%. The business’s revenue for the quarter was up 59.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.07) EPS. On average, equities analysts predict that eHealth will post 1.17 earnings per share for the current fiscal year.
In other news, insider Robert S. Hurley sold 6,000 shares of the stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $89.95, for a total transaction of $539,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Goldberg sold 8,750 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $70.00, for a total transaction of $612,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,755 shares of company stock valued at $4,026,975. Corporate insiders own 4.14% of the company’s stock.
Several institutional investors have recently bought and sold shares of EHTH. FMR LLC boosted its stake in shares of eHealth by 1,540.3% during the 1st quarter. FMR LLC now owns 1,644,434 shares of the financial services provider’s stock worth $102,514,000 after buying an additional 1,544,184 shares during the last quarter. Emerald Advisers LLC acquired a new stake in eHealth in the 1st quarter valued at about $23,504,000. Emerald Mutual Fund Advisers Trust acquired a new stake in eHealth in the 1st quarter valued at about $21,763,000. Prospect Capital Advisors LLC acquired a new stake in eHealth in the 4th quarter valued at about $9,826,000. Finally, Victory Capital Management Inc. lifted its stake in eHealth by 27.2% in the 1st quarter. Victory Capital Management Inc. now owns 1,001,990 shares of the financial services provider’s stock valued at $62,464,000 after purchasing an additional 214,475 shares during the last quarter. Institutional investors own 98.03% of the company’s stock.
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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