According to Zacks, “eHealth, Inc. is the parent company of eHealthInsurance, the leading online source of health insurance for individuals, families and small businesses. eHealthInsurance presents complex health insurance information in an objective, user-friendly format, enabling the research, analysis, comparison and purchase of health insurance products that best meet consumers’ needs. eHealth and eHealthInsurance.com are registered trademarks of eHealthInsurance Services, Inc. eHealth, Inc. and its technology was responsible for the nation’s first Internet-based sale of a health insurance policy. The Company is headquartered in Mountain View, California. “
A number of other research analysts have also weighed in on the company. Jefferies Group cut their price objective on eHealth from $13.00 to $12.00 and set a hold rating for the company in a research report on Friday, July 29th. Craig Hallum lowered eHealth from a buy rating to a hold rating in a research report on Friday, July 29th. Finally, FBR & Co restated a buy rating on shares of eHealth in a research report on Tuesday, August 23rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. eHealth presently has an average rating of Hold and a consensus price target of $15.00.
eHealth (NASDAQ:EHTH) opened at 11.19 on Thursday. eHealth has a 52-week low of $8.14 and a 52-week high of $15.14. The company has a market cap of $205.07 million, a price-to-earnings ratio of 22.25 and a beta of 1.19. The firm’s 50-day moving average price is $11.27 and its 200-day moving average price is $11.78.
eHealth (NASDAQ:EHTH) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.09. eHealth had a return on equity of 11.85% and a net margin of 4.58%. The business earned $37.28 million during the quarter, compared to analyst estimates of $37.93 million. During the same quarter in the prior year, the business posted $0.44 EPS. eHealth’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, equities analysts anticipate that eHealth will post $0.65 EPS for the current year.
In related news, CEO Scott N. Flanders purchased 117,000 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was bought at an average price of $9.15 per share, for a total transaction of $1,070,550.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert S. Hurley purchased 6,500 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was bought at an average price of $9.12 per share, with a total value of $59,280.00. The disclosure for this purchase can be found here. 6.22% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EHTH. Acrospire Investment Management LLC bought a new position in eHealth during the second quarter valued at approximately $100,000. Strs Ohio bought a new position in eHealth during the second quarter valued at approximately $102,000. BlackRock Advisors LLC raised its position in eHealth by 4.1% in the second quarter. BlackRock Advisors LLC now owns 8,312 shares of the company’s stock valued at $117,000 after buying an additional 326 shares in the last quarter. Metropolitan Life Insurance Co. NY purchased a new stake in shares of eHealth during the first quarter valued at about $124,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of eHealth during the second quarter valued at about $141,000. Institutional investors own 89.74% of the company’s stock.
eHealth Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for eHealth Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eHealth Inc. and related companies with MarketBeat.com's FREE daily email newsletter.