eHealth (NASDAQ:EHTH) Lifted to “Buy” at BidaskClub

eHealth (NASDAQ:EHTH) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, BidAskClub reports.

Several other research firms have also recently issued reports on EHTH. SunTrust Banks set a $150.00 target price on eHealth and gave the stock a “buy” rating in a research note on Friday, September 6th. Raymond James set a $90.00 target price on eHealth and gave the stock a “buy” rating in a research note on Friday, October 25th. ValuEngine cut eHealth from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. First Analysis raised eHealth from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $106.00 to $136.00 in a research note on Monday, July 29th. Finally, Zacks Investment Research cut eHealth from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $114.73.

EHTH stock opened at $76.22 on Wednesday. The business has a fifty day moving average of $65.35 and a two-hundred day moving average of $77.68. The company has a quick ratio of 4.12, a current ratio of 2.07 and a debt-to-equity ratio of 0.08. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 120.98 and a beta of 1.07. eHealth has a 52-week low of $31.42 and a 52-week high of $112.22.

eHealth (NASDAQ:EHTH) last posted its earnings results on Thursday, October 24th. The financial services provider reported ($0.43) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.63) by $0.20. The company had revenue of $69.80 million during the quarter, compared to analysts’ expectations of $55.74 million. eHealth had a return on equity of 4.69% and a net margin of 1.22%. The company’s revenue for the quarter was up 71.1% on a year-over-year basis. As a group, sell-side analysts anticipate that eHealth will post 1.58 EPS for the current year.

In other news, Director Michael Goldberg sold 7,013 shares of eHealth stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $102.15, for a total value of $716,377.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Beth A. Brooke acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average cost of $82.24 per share, with a total value of $82,240.00. Following the completion of the purchase, the director now directly owns 2,460 shares of the company’s stock, valued at approximately $202,310.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 4,000 shares of company stock valued at $374,440 and sold 11,513 shares valued at $1,043,588. Insiders own 5.00% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan boosted its holdings in eHealth by 2.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 5,490 shares of the financial services provider’s stock valued at $473,000 after purchasing an additional 120 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in eHealth by 4.9% in the third quarter. Oppenheimer & Co. Inc. now owns 4,156 shares of the financial services provider’s stock valued at $278,000 after purchasing an additional 195 shares during the period. Louisiana State Employees Retirement System boosted its holdings in eHealth by 2.9% in the second quarter. Louisiana State Employees Retirement System now owns 7,100 shares of the financial services provider’s stock valued at $634,000 after purchasing an additional 200 shares during the period. State of Alaska Department of Revenue boosted its holdings in eHealth by 4.7% in the second quarter. State of Alaska Department of Revenue now owns 6,473 shares of the financial services provider’s stock valued at $557,000 after purchasing an additional 293 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in eHealth by 31.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,458 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 352 shares during the period. 97.99% of the stock is owned by institutional investors and hedge funds.

About eHealth

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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Analyst Recommendations for eHealth (NASDAQ:EHTH)

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