Latest Stocks: eHealth, Inc. (EHTH) Given Consensus Recommendation of “Buy” by Brokerages

Latest Stocks: eHealth, Inc. (EHTH) Given Consensus Recommendation of “Buy” by Brokerages

Shares of eHealth, Inc. (NASDAQ:EHTH) have received a consensus rating of “Buy” from the six analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $18.75.

A number of equities analysts recently commented on the company. Cantor Fitzgerald reiterated a “buy” rating and set a $20.00 price objective on shares of eHealth in a research report on Thursday, May 11th. Jefferies Group LLC lifted their price objective on eHealth from $15.00 to $20.00 and gave the stock a “hold” rating in a research report on Thursday, May 11th. Zacks Investment Research upgraded eHealth from a “strong sell” rating to a “hold” rating in a research report on Friday, April 28th. Finally, TheStreet upgraded eHealth from a “d+” rating to a “c” rating in a research report on Thursday, April 27th.

eHealth (NASDAQ:EHTH) opened at 18.17 on Tuesday. The company has a market capitalization of $334.89 million, a PE ratio of 31.93 and a beta of 1.56. eHealth has a 12 month low of $6.38 and a 12 month high of $18.76. The firm’s 50-day moving average is $15.84 and its 200-day moving average is $12.41. eHealth (NASDAQ:EHTH) last released its earnings results on Thursday, April 27th. The financial services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $0.26 by $1.55. eHealth had a positive return on equity of 1.16% and a negative net margin of 0.13%. The business had revenue of $78.94 million for the quarter, compared to the consensus estimate of $69.97 million. During the same quarter last year, the business posted $1.10 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities analysts anticipate that eHealth will post ($1.04) EPS for the current fiscal year.

In other eHealth news, insider James E. Flynn sold 426,954 shares of the firm’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $11.66, for a total transaction of $4,978,283.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James E. Flynn sold 232,101 shares of the firm’s stock in a transaction on Tuesday, April 11th. The stock was sold at an average price of $11.38, for a total value of $2,641,309.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 809,055 shares of company stock valued at $9,269,593. 6.22% of the stock is owned by insiders. Several large investors have recently modified their holdings of EHTH. Consonance Capital Management LP purchased a new stake in shares of eHealth during the third quarter worth $12,944,000. Comerica Bank boosted its stake in shares of eHealth by 5.9% in the fourth quarter. Comerica Bank now owns 17,737 shares of the financial services provider’s stock worth $221,000 after buying an additional 989 shares during the last quarter. State Street Corp boosted its stake in shares of eHealth by 6.3% in the fourth quarter. State Street Corp now owns 350,109 shares of the financial services provider’s stock worth $3,725,000 after buying an additional 20,695 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of eHealth by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 588,665 shares of the financial services provider’s stock worth $6,269,000 after buying an additional 19,629 shares during the last quarter. Finally, J. Goldman & Co LP purchased a new stake in shares of eHealth during the fourth quarter worth $959,000. 88.47% of the stock is owned by institutional investors and hedge funds.

In other eHealth news, insider James E. Flynn sold 426,954 shares of the firm’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $11.66, for a total transaction of $4,978,283.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James E. Flynn sold 232,101 shares of the firm’s stock in a transaction on Tuesday, April 11th. The stock was sold at an average price of $11.38, for a total value of $2,641,309.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 809,055 shares of company stock valued at $9,269,593. 6.22% of the stock is owned by insiders. About eHealth

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