eHealth, Inc. (NASDAQ:EHTH) has been assigned an average rating of “Hold” from the thirteen ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $46.50.
A number of analysts recently weighed in on EHTH shares. Craig Hallum downgraded eHealth from a “buy” rating to a “hold” rating and dropped their target price for the stock from $75.00 to $33.00 in a research report on Tuesday, November 9th. Credit Suisse Group decreased their price target on eHealth from $59.00 to $45.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 10th. Truist Securities decreased their price target on eHealth from $100.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, November 9th. Royal Bank of Canada decreased their price target on eHealth from $62.00 to $28.00 and set a “sector perform” rating on the stock in a research note on Tuesday, November 9th. Finally, Citigroup decreased their price target on eHealth from $45.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, December 20th.
In other news, Director Dale B. Wolf acquired 15,000 shares of eHealth stock in a transaction that occurred on Monday, November 29th. The stock was bought at an average price of $22.53 per share, for a total transaction of $337,950.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dale B. Wolf acquired 3,000 shares of eHealth stock in a transaction that occurred on Monday, November 15th. The shares were purchased at an average price of $27.67 per share, with a total value of $83,010.00. The disclosure for this purchase can be found here. Insiders acquired 47,500 shares of company stock worth $1,300,785 over the last three months. Corporate insiders own 5.00% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. lifted its stake in shares of eHealth by 6.1% during the 2nd quarter. Alliancebernstein L.P. now owns 43,798 shares of the financial services provider’s stock worth $2,558,000 after acquiring an additional 2,510 shares during the last quarter. Advisor Group Holdings Inc. grew its stake in eHealth by 18.5% during the 2nd quarter. Advisor Group Holdings Inc. now owns 1,564 shares of the financial services provider’s stock worth $91,000 after buying an additional 244 shares during the last quarter. Victory Capital Management Inc. lifted its position in eHealth by 21.9% during the 2nd quarter. Victory Capital Management Inc. now owns 5,918 shares of the financial services provider’s stock worth $346,000 after acquiring an additional 1,065 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of eHealth by 15.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 5,200 shares of the financial services provider’s stock valued at $304,000 after buying an additional 700 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of eHealth by 49.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 22,251 shares of the financial services provider’s stock valued at $1,299,000 after buying an additional 7,348 shares during the period. 93.40% of the stock is owned by institutional investors.
Shares of EHTH opened at $25.79 on Wednesday. The company has a market cap of $680.55 million, a PE ratio of -27.68 and a beta of -0.14. The stock has a 50-day moving average price of $30.56 and a 200-day moving average price of $42.20. eHealth has a 12-month low of $21.00 and a 12-month high of $93.19.
eHealth (NASDAQ:EHTH) last released its earnings results on Monday, November 8th. The financial services provider reported ($1.78) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.09) by ($0.69). The firm had revenue of $63.90 million during the quarter, compared to the consensus estimate of $94.20 million. eHealth had a negative return on equity of 1.28% and a negative net margin of 2.10%. The business’s quarterly revenue was down 32.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.60) EPS. On average, equities research analysts expect that eHealth will post -1.99 EPS for the current year.
eHealth, Inc engages in the provision of Internet-based health insurance agency services for individuals, families, and small businesses. It operates through the following segments: Medicare and Individual, Family, and Small Business. The Medicare segment consists primarily of commissions earned from sale of Medicare-related health insurance plans.
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