SunTrust Banks, Inc. Reiterates Buy Rating for eHealth, Inc. (NASDAQ:EHTH)

SunTrust Banks, Inc. reissued their buy rating on shares of eHealth, Inc. (NASDAQ:EHTH) in a research report released on Friday, October 27th. The brokerage currently has a $30.00 price objective on the financial services provider’s stock.

Several other equities analysts also recently issued reports on EHTH. BidaskClub downgraded shares of eHealth from a hold rating to a sell rating in a research note on Thursday, August 3rd. Cantor Fitzgerald reaffirmed a buy rating and set a $20.00 price target on shares of eHealth in a research report on Thursday, July 27th. TheStreet raised shares of eHealth from a d+ rating to a c rating in a research report on Monday, October 16th. Zacks Investment Research raised shares of eHealth from a strong sell rating to a hold rating in a research report on Tuesday, October 3rd. Finally, Wells Fargo & Company upped their price target on shares of eHealth from $18.00 to $24.00 and gave the stock a market perform rating in a research report on Thursday, October 19th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. eHealth has an average rating of Hold and an average target price of $23.17.

eHealth (EHTH) opened at $24.07 on Friday. eHealth has a one year low of $9.26 and a one year high of $28.59.

eHealth (NASDAQ:EHTH) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.73) by ($0.25). The firm had revenue of $26.62 million for the quarter, compared to analysts’ expectations of $25.55 million. eHealth had a negative net margin of 11.94% and a negative return on equity of 21.88%. The business’s quarterly revenue was down 17.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.23) EPS. research analysts forecast that eHealth will post -1.6 earnings per share for the current year.

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Institutional investors have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan increased its position in shares of eHealth by 58.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,290 shares of the financial services provider’s stock worth $150,000 after acquiring an additional 2,330 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of eHealth by 92.1% in the second quarter. BNP Paribas Arbitrage SA now owns 7,611 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 3,650 shares in the last quarter. Thrivent Financial For Lutherans acquired a new stake in shares of eHealth in the second quarter worth $190,000. Hancock Holding Co. acquired a new stake in shares of eHealth in the second quarter worth $198,000. Finally, Vident Investment Advisory LLC acquired a new stake in shares of eHealth in the third quarter worth $256,000. 89.83% of the stock is owned by institutional investors.

About eHealth

eHealth, Inc provides a private online source of health insurance for individuals, families and small businesses. The Company is the parent company of eHealthInsurance, a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers side-by-side, and purchase and enroll in coverage online through its Websites (www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com) or telephonically through its customer care centers.

Analyst Recommendations for eHealth (NASDAQ:EHTH)

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