Shares of eHealth, Inc. (NASDAQ:EHTH) have earned an average recommendation of “Hold” from the nine analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $26.40.
EHTH has been the subject of several recent analyst reports. Jefferies Group raised their target price on shares of eHealth from $20.00 to $23.00 and gave the company a “hold” rating in a research note on Monday, October 30th. Cantor Fitzgerald reiterated a “buy” rating and issued a $27.00 target price on shares of eHealth in a research note on Wednesday, October 18th. SunTrust Banks reiterated a “buy” rating and issued a $30.00 target price on shares of eHealth in a research note on Friday, October 27th. BidaskClub downgraded shares of eHealth from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 14th. Finally, TheStreet downgraded shares of eHealth from a “c-” rating to a “d” rating in a research note on Wednesday, December 13th.
A number of institutional investors have recently added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of eHealth by 46.1% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 91,759 shares of the financial services provider’s stock worth $2,192,000 after purchasing an additional 28,962 shares during the period. Vident Investment Advisory LLC bought a new position in shares of eHealth during the third quarter worth approximately $256,000. Boothbay Fund Management LLC increased its holdings in shares of eHealth by 12.8% during the third quarter. Boothbay Fund Management LLC now owns 22,287 shares of the financial services provider’s stock worth $532,000 after purchasing an additional 2,527 shares during the period. Lyon Street Capital LLC increased its holdings in shares of eHealth by 20.9% during the third quarter. Lyon Street Capital LLC now owns 192,275 shares of the financial services provider’s stock worth $4,593,000 after purchasing an additional 33,195 shares during the period. Finally, OxFORD Asset Management LLP bought a new position in shares of eHealth during the third quarter worth approximately $997,000. 89.94% of the stock is currently owned by hedge funds and other institutional investors.
eHealth (NASDAQ:EHTH) last issued its earnings results on Thursday, October 26th. The financial services provider reported ($0.98) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.73) by ($0.25). eHealth had a negative net margin of 11.94% and a negative return on equity of 21.88%. The firm had revenue of $26.62 million during the quarter, compared to analyst estimates of $25.55 million. During the same quarter last year, the business posted ($0.23) earnings per share. The company’s revenue for the quarter was down 17.0% on a year-over-year basis. research analysts expect that eHealth will post -1.6 earnings per share for the current year.
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eHealth, Inc provides a private online source of health insurance for individuals, families and small businesses. The Company is the parent company of eHealthInsurance, a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers side-by-side, and purchase and enroll in coverage online through its Websites (www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com) or telephonically through its customer care centers.
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