eHealth (NASDAQ:EHTH) Now Covered by Analysts at Credit Suisse Group

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Credit Suisse Group initiated coverage on shares of eHealth (NASDAQ:EHTH) in a research note issued to investors on Wednesday morning, The Fly reports. The brokerage issued an outperform rating and a $104.00 target price on the financial services provider’s stock.

A number of other research firms have also weighed in on EHTH. Craig Hallum raised shares of PROS from a hold rating to a buy rating and upped their price objective for the stock from $36.00 to $60.00 in a research note on Friday, April 26th. SunTrust Banks increased their price target on shares of eHealth to $120.00 and gave the company a buy rating in a research report on Wednesday, May 15th. Royal Bank of Canada set a $147.00 price target on shares of Ameriprise Financial and gave the company a hold rating in a research report on Friday, April 26th. BidaskClub lowered shares of Walgreens Boots Alliance from a sell rating to a strong sell rating in a research report on Monday, June 24th. Finally, Cantor Fitzgerald reissued a buy rating and set a $107.00 price target on shares of Perrigo in a research report on Wednesday, May 8th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $92.13.

Shares of EHTH opened at $89.36 on Wednesday. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 108.98 and a beta of 1.23. eHealth has a 12-month low of $22.30 and a 12-month high of $95.50. The company’s fifty day moving average is $77.64.

eHealth (NASDAQ:EHTH) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.49. eHealth had a negative net margin of 0.03% and a positive return on equity of 5.82%. The company had revenue of $68.80 million during the quarter, compared to analyst estimates of $51.61 million. During the same period in the prior year, the firm earned ($0.07) earnings per share. The firm’s revenue for the quarter was up 59.6% compared to the same quarter last year. As a group, sell-side analysts predict that eHealth will post 1.17 earnings per share for the current fiscal year.

In related news, Director Michael Goldberg sold 7,500 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $63.23, for a total value of $474,225.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert S. Hurley sold 1,500 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $60.47, for a total transaction of $90,705.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,755 shares of company stock worth $4,026,975. Corporate insiders own 4.14% of the company’s stock.

Large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue grew its stake in shares of eHealth by 13.4% during the 1st quarter. State of Alaska Department of Revenue now owns 6,180 shares of the financial services provider’s stock worth $385,000 after purchasing an additional 730 shares during the period. Texas Permanent School Fund grew its stake in shares of eHealth by 16.8% during the 1st quarter. Texas Permanent School Fund now owns 12,455 shares of the financial services provider’s stock worth $776,000 after purchasing an additional 1,788 shares during the period. Prudential Financial Inc. grew its stake in shares of eHealth by 1.4% during the 4th quarter. Prudential Financial Inc. now owns 27,115 shares of the financial services provider’s stock worth $1,042,000 after purchasing an additional 380 shares during the period. BlackRock Inc. grew its stake in shares of eHealth by 2.3% during the 4th quarter. BlackRock Inc. now owns 2,565,558 shares of the financial services provider’s stock worth $98,568,000 after purchasing an additional 58,661 shares during the period. Finally, Great West Life Assurance Co. Can grew its stake in shares of eHealth by 15.5% during the 4th quarter. Great West Life Assurance Co. Can now owns 22,184 shares of the financial services provider’s stock worth $789,000 after purchasing an additional 2,985 shares during the period. Institutional investors own 98.03% of the company’s stock.

eHealth Company Profile

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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