eHealth (NASDAQ:EHTH) Now Covered by Analysts at Credit Suisse Group

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.

About eHealth

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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