eHealth (NASDAQ:EHTH) had its target price lowered by equities researchers at Deutsche Bank Aktiengesellschaft from $138.00 to $124.00 in a research note issued on Friday, The Fly reports. The firm currently has a “buy” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 62.90% from the stock’s previous close.
A number of other research analysts have also weighed in on EHTH. SunTrust Banks reduced their price objective on eHealth from $250.00 to $200.00 in a research report on Friday, July 24th. Credit Suisse Group reaffirmed a “buy” rating and set a $130.00 price objective on shares of eHealth in a research report on Thursday, August 6th. BidaskClub raised eHealth from a “hold” rating to a “buy” rating in a research report on Saturday, October 3rd. SVB Leerink raised eHealth from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Tuesday, September 8th. Finally, Craig Hallum cut their target price on eHealth from $200.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $136.85.
Shares of NASDAQ:EHTH opened at $76.12 on Friday. eHealth has a 52-week low of $57.15 and a 52-week high of $152.19. The firm has a market capitalization of $1.96 billion, a P/E ratio of 24.48, a P/E/G ratio of 1.38 and a beta of -0.45. The stock has a 50 day moving average price of $78.02 and a 200-day moving average price of $96.84.
eHealth (NASDAQ:EHTH) last posted its quarterly earnings data on Thursday, October 22nd. The financial services provider reported ($0.36) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.91) by $0.55. eHealth had a return on equity of 12.68% and a net margin of 13.74%. The company had revenue of $94.28 million during the quarter, compared to analyst estimates of $86.93 million. During the same quarter last year, the company earned ($0.43) EPS. The firm’s revenue for the quarter was up 34.9% on a year-over-year basis. On average, analysts forecast that eHealth will post 2.86 earnings per share for the current fiscal year.
In other news, insider Phillip A. Morelock purchased 950 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were purchased at an average cost of $78.29 per share, for a total transaction of $74,375.50. Following the purchase, the insider now directly owns 30,376 shares in the company, valued at approximately $2,378,137.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Scott N. Flanders purchased 50,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was purchased at an average price of $71.54 per share, for a total transaction of $3,577,000.00. Over the last 90 days, insiders bought 52,950 shares of company stock worth $3,793,496. Company insiders own 5.00% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Financial Management Professionals Inc. purchased a new position in shares of eHealth in the 2nd quarter worth $67,000. Meeder Asset Management Inc. bought a new position in eHealth in the 1st quarter worth $131,000. Point72 Hong Kong Ltd raised its holdings in eHealth by 897.0% in the 2nd quarter. Point72 Hong Kong Ltd now owns 987 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 888 shares during the period. Nisa Investment Advisors LLC raised its holdings in eHealth by 121.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,113 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 610 shares during the period. Finally, CSat Investment Advisory L.P. bought a new position in eHealth in the 2nd quarter worth $115,000.
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 ecommerce 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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