Equities researchers at SVB Leerink initiated coverage on shares of eHealth (NASDAQ:EHTH) in a research note issued on Wednesday, Stock Target Advisor reports. The firm set a "market perform" rating and a $108.00 price target on the financial services provider's stock. SVB Leerink's price objective points to a potential upside of 13.36% from the stock's previous close.
Other analysts have also recently issued research reports about the company. TheStreet cut eHealth from a "b" rating to a "c+" rating in a report on Thursday, April 23rd. Zacks Investment Research lowered eHealth from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. SunTrust Banks reaffirmed a "buy" rating and issued a $250.00 target price on shares of eHealth in a research report on Friday, April 24th. Evercore ISI started coverage on eHealth in a report on Monday, June 15th. They issued a "buy" rating and a $150.00 price target for the company. Finally, Deutsche Bank lowered their price target on eHealth from $177.00 to $170.00 and set a "buy" rating for the company in a report on Monday, April 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of "Buy" and an average price target of $162.75.
EHTH opened at $95.27 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.12 and a quick ratio of 6.12. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 31.86 and a beta of 0.08. The business has a 50-day moving average of $116.16 and a two-hundred day moving average of $113.31. eHealth has a 12 month low of $52.71 and a 12 month high of $152.19.
eHealth (NASDAQ:EHTH) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.39 EPS for the quarter, beating the consensus estimate of $0.22 by $0.17. The company had revenue of $106.40 million during the quarter, compared to analysts' expectations of $88.39 million. eHealth had a return on equity of 15.00% and a net margin of 13.88%. The firm's revenue was up 54.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 EPS. Equities research analysts anticipate that eHealth will post 2.27 earnings per share for the current year.
In other news, COO David K. Francis sold 25,000 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $131.35, for a total value of $3,283,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Derek N. Yung sold 6,088 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $107.12, for a total value of $652,146.56. Following the completion of the transaction, the chief financial officer now directly owns 48,346 shares of the company's stock, valued at approximately $5,178,823.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,838 shares of company stock valued at $4,922,147. 5.50% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of eHealth by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 130,241 shares of the financial services provider's stock valued at $12,514,000 after buying an additional 4,448 shares during the period. Bank of Montreal Can lifted its holdings in shares of eHealth by 22.6% in the fourth quarter. Bank of Montreal Can now owns 3,455 shares of the financial services provider's stock valued at $333,000 after buying an additional 636 shares during the period. Envestnet Asset Management Inc. acquired a new stake in shares of eHealth in the fourth quarter valued at $255,000. Prudential Financial Inc. lifted its holdings in shares of eHealth by 0.7% in the fourth quarter. Prudential Financial Inc. now owns 32,375 shares of the financial services provider's stock valued at $3,111,000 after buying an additional 230 shares during the period. Finally, Great West Life Assurance Co. Can acquired a new stake in shares of eHealth in the fourth quarter valued at $2,421,000.
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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12 Stocks Corporate Insiders are Abandoning
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