eHealth, Inc. (NASDAQ:EHTH) Expected to Post Quarterly Sales of $278.21 Million

Wall Street analysts predict that eHealth, Inc. (NASDAQ:EHTH) will report sales of $278.21 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for eHealth’s earnings, with estimates ranging from $243.84 million to $355.24 million. eHealth reported sales of $293.32 million during the same quarter last year, which indicates a negative year-over-year growth rate of 5.2%. The company is scheduled to issue its next earnings report on Thursday, February 17th.

According to Zacks, analysts expect that eHealth will report full year sales of $579.68 million for the current fiscal year, with estimates ranging from $538.53 million to $677.06 million. For the next financial year, analysts expect that the company will post sales of $629.90 million, with estimates ranging from $567.40 million to $734.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover eHealth.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings results on Monday, November 8th. The financial services provider reported ($1.78) EPS for the quarter, missing the consensus estimate of ($1.09) by ($0.69). eHealth had a negative return on equity of 1.28% and a negative net margin of 2.10%. The company had revenue of $63.90 million for the quarter, compared to the consensus estimate of $94.20 million. During the same period in the previous year, the business posted ($0.60) EPS. The business’s revenue for the quarter was down 32.2% on a year-over-year basis.

EHTH has been the topic of a number of recent research reports. Truist Securities cut their target price on shares of eHealth from $100.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, November 9th. Zacks Investment Research cut shares of eHealth from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 16th. Credit Suisse Group cut their target price on shares of eHealth from $59.00 to $45.00 and set an “outperform” rating on the stock in a report on Wednesday, November 10th. Royal Bank of Canada cut their target price on shares of eHealth from $62.00 to $28.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 9th. Finally, TheStreet cut shares of eHealth from a “c” rating to a “d+” rating in a report on Monday, November 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, eHealth has an average rating of “Hold” and a consensus target price of $60.00.

In related news, CRO Timothy C. Hannan sold 4,181 shares of the firm’s stock in a transaction that occurred on Thursday, November 11th. The shares were sold at an average price of $29.39, for a total transaction of $122,879.59. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dale B. Wolf acquired 24,000 shares of the stock in a transaction that occurred on Thursday, November 11th. The shares were bought at an average price of $29.97 per share, for a total transaction of $719,280.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 32,500 shares of company stock worth $962,835. Corporate insiders own 5.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Ruffer LLP grew its position in eHealth by 2.4% in the second quarter. Ruffer LLP now owns 1,873,790 shares of the financial services provider’s stock worth $109,475,000 after buying an additional 43,680 shares during the last quarter. Goldman Sachs Group Inc. grew its position in eHealth by 219.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 69,636 shares of the financial services provider’s stock worth $4,066,000 after purchasing an additional 47,817 shares in the last quarter. Alliancebernstein L.P. grew its position in eHealth by 6.1% during the 2nd quarter. Alliancebernstein L.P. now owns 43,798 shares of the financial services provider’s stock worth $2,558,000 after purchasing an additional 2,510 shares in the last quarter. Redwood Investment Management LLC purchased a new position in eHealth during the 2nd quarter worth approximately $1,574,000. Finally, State Board of Administration of Florida Retirement System grew its position in eHealth by 2.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 10,714 shares of the financial services provider’s stock worth $626,000 after purchasing an additional 247 shares in the last quarter. Hedge funds and other institutional investors own 93.40% of the company’s stock.

NASDAQ EHTH traded up $1.30 during trading hours on Thursday, reaching $23.71. The company’s stock had a trading volume of 760,724 shares, compared to its average volume of 721,225. The business has a 50-day simple moving average of $38.04 and a 200 day simple moving average of $48.59. eHealth has a 52 week low of $22.10 and a 52 week high of $93.19. The stock has a market cap of $625.66 million, a PE ratio of -25.49 and a beta of -0.19.

eHealth Company Profile

eHealth, Inc engages in the provision of Internet-based health insurance agency services for individuals, families, and small businesses. It operates through the following segments: Medicare and Individual, Family, and Small Business. The Medicare segment consists primarily of commissions earned from sale of Medicare-related health insurance plans.

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