eHealth, Inc. (EHTH) Price Target Increased to $23.00 by Analysts at Jefferies Group LLC

eHealth, Inc. (NASDAQ:EHTH) had its price target increased by Jefferies Group LLC from $20.00 to $23.00 in a research report released on Monday. They currently have a hold rating on the financial services provider’s stock.

EHTH has been the subject of a number of other research reports. Cantor Fitzgerald boosted their price objective on eHealth from $21.00 to $27.00 and gave the company an overweight rating in a research report on Monday, October 2nd. BidaskClub upgraded eHealth from a sell rating to a hold rating in a research report on Thursday, August 24th. Wells Fargo & Company boosted their price objective on eHealth from $18.00 to $24.00 and gave the company a market perform rating in a research report on Thursday, October 19th. SunTrust Banks, Inc. restated a buy rating and set a $30.00 price objective on shares of eHealth in a research report on Friday, October 27th. Finally, TheStreet upgraded eHealth from a d+ rating to a c rating in a research report on Monday, October 16th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $23.17.

eHealth (NASDAQ:EHTH) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported ($0.98) earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $26.62 million for the quarter, compared to analyst estimates of $25.55 million. During the same quarter in the prior year, the firm earned ($0.23) EPS. The company’s revenue for the quarter was down 17.0% compared to the same quarter last year.

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A number of institutional investors have recently made changes to their positions in EHTH. Bank of New York Mellon Corp raised its stake in eHealth by 2.5% during the 1st quarter. Bank of New York Mellon Corp now owns 159,009 shares of the financial services provider’s stock valued at $1,915,000 after acquiring an additional 3,931 shares in the last quarter. Comerica Bank raised its stake in eHealth by 3.6% during the 1st quarter. Comerica Bank now owns 18,381 shares of the financial services provider’s stock valued at $216,000 after acquiring an additional 644 shares in the last quarter. Ameriprise Financial Inc. raised its stake in eHealth by 4.7% during the 1st quarter. Ameriprise Financial Inc. now owns 86,870 shares of the financial services provider’s stock valued at $1,046,000 after acquiring an additional 3,920 shares in the last quarter. OppenheimerFunds Inc. raised its stake in eHealth by 11.1% during the 1st quarter. OppenheimerFunds Inc. now owns 12,891 shares of the financial services provider’s stock valued at $156,000 after acquiring an additional 1,289 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in eHealth by 3.6% during the 1st quarter. Principal Financial Group Inc. now owns 126,866 shares of the financial services provider’s stock valued at $1,527,000 after acquiring an additional 4,461 shares in the last quarter. 90.00% of the stock is currently owned by hedge funds and other institutional investors.

About eHealth

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.

Analyst Recommendations for eHealth (NASDAQ:EHTH)

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