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.
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.
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.
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