Equities researchers at Evercore ISI began coverage on shares of eHealth (NASDAQ:EHTH) in a note issued to investors on Monday, February 4th, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $75.00 price target on the financial services provider’s stock. Evercore ISI’s target price would suggest a potential upside of 27.36% from the company’s current price.
Several other equities analysts have also issued reports on EHTH. Zacks Investment Research raised shares of eHealth from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Friday, January 18th. ValuEngine raised shares of eHealth from a “hold” rating to a “buy” rating in a report on Saturday, February 2nd. BidaskClub raised shares of eHealth from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 5th. Cantor Fitzgerald lifted their price objective on shares of eHealth to $39.00 and gave the company an “overweight” rating in a report on Monday, October 8th. Finally, Chardan Capital reissued a “buy” rating and set a $65.00 price objective (up from $40.00) on shares of eHealth in a report on Thursday, January 24th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $71.71.
NASDAQ EHTH traded up $5.48 during trading on Monday, hitting $58.89. The stock had a trading volume of 806,839 shares, compared to its average volume of 482,786. eHealth has a one year low of $13.61 and a one year high of $67.44. The company has a market cap of $1.41 billion, a P/E ratio of 93.48 and a beta of 1.33.
eHealth (NASDAQ:EHTH) last posted its quarterly earnings results on Thursday, February 21st. The financial services provider reported $1.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.87 by ($0.26). eHealth had a net margin of 0.10% and a return on equity of 3.88%. The company had revenue of $134.92 million for the quarter, compared to the consensus estimate of $134.66 million. As a group, research analysts predict that eHealth will post 0.9 earnings per share for the current fiscal year.
In other news, CFO Derek N. Yung purchased 2,000 shares of the business’s stock in a transaction on Wednesday, February 27th. The shares were acquired at an average cost of $55.36 per share, with a total value of $110,720.00. Following the completion of the acquisition, the chief financial officer now owns 45,750 shares of the company’s stock, valued at $2,532,720. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 4.14% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of EHTH. Macquarie Group Ltd. acquired a new stake in shares of eHealth during the fourth quarter worth $27,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of eHealth during the fourth quarter worth $42,000. LS Investment Advisors LLC lifted its stake in shares of eHealth by 316.8% during the fourth quarter. LS Investment Advisors LLC now owns 1,980 shares of the financial services provider’s stock worth $76,000 after buying an additional 1,505 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in shares of eHealth during the fourth quarter worth $181,000. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of eHealth during the third quarter worth $201,000. Institutional investors and hedge funds own 88.66% of the company’s stock.
eHealth, Inc provides private online 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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