eHealth, Inc. (EHTH) Receives $36.25 Average Target Price from Analysts

eHealth, Inc. (NASDAQ:EHTH) has earned an average rating of “Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $36.25.

Several research firms recently commented on EHTH. BidaskClub lowered eHealth from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 8th. Zacks Investment Research raised eHealth from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $26.00 target price on shares of eHealth in a report on Friday, July 27th. Finally, Chardan Capital initiated coverage on eHealth in a research report on Thursday, August 16th. They set a “buy” rating and a $40.00 price target on the stock.

NASDAQ EHTH opened at $35.03 on Monday. The stock has a market cap of $646.80 million, a price-to-earnings ratio of -27.37 and a beta of 0.68. eHealth has a 52 week low of $13.61 and a 52 week high of $35.42.

eHealth (NASDAQ:EHTH) last posted its earnings results on Thursday, October 25th. The financial services provider reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.14. The firm had revenue of $40.75 million for the quarter, compared to analyst estimates of $34.10 million. eHealth had a negative return on equity of 17.79% and a negative net margin of 30.13%. As a group, equities research analysts anticipate that eHealth will post 0.54 EPS for the current year.

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in shares of eHealth in the second quarter valued at approximately $139,000. Louisiana State Employees Retirement System purchased a new position in shares of eHealth in the third quarter valued at approximately $201,000. A.R.T. Advisors LLC purchased a new position in shares of eHealth in the first quarter valued at approximately $275,000. Victory Capital Management Inc. purchased a new position in shares of eHealth in the second quarter valued at approximately $343,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of eHealth in the third quarter valued at approximately $397,000. Institutional investors own 91.18% of the company’s stock.

eHealth Company Profile

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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