Headlines about eHealth (NASDAQ:EHTH) have trended positive this week, according to AlphaOne. The research group, a unit of Accern, identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. eHealth earned a coverage optimism score of 0.43 on AlphaOne’s scale. AlphaOne also assigned media stories about the financial services provider an impact score of 68 out of 100, meaning that recent media coverage is likely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Alpha One Sentiment’s scoring:
- eHealth (EHTH) Shares March Higher, Can It Continue? (finance.yahoo.com)
- eHealth Applauds New CMS Guidance to Permit Consumers to Enroll in Qualified Health Plans with a Tax Credit through Web-Brokers Like eHealth.com (finance.yahoo.com)
- Notable Wednesday Option Activity: EHTH, MS, FIVE (nasdaq.com)
- Shares of EHTH Up 76.3% Since Uptrend Call on Shares (mysmartrend.com)
- eHealth, Inc. (EHTH) Expected to Post Quarterly Sales of $29.2 Million (americanbankingnews.com)
Several research firms have recently commented on EHTH. Jefferies Group LLC upped their target price on eHealth from $15.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, May 11th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $20.00 target price on shares of eHealth in a research report on Thursday, May 11th. Zacks Investment Research raised eHealth from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a research report on Tuesday, May 9th. Finally, TheStreet raised eHealth from a “d+” rating to a “c” rating in a research report on Thursday, April 27th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. eHealth currently has an average rating of “Buy” and a consensus price target of $18.40.
Shares of eHealth (NASDAQ:EHTH) traded up 0.17% during midday trading on Friday, hitting $17.96. The company’s stock had a trading volume of 136,524 shares. eHealth has a 52-week low of $6.38 and a 52-week high of $18.47. The stock’s 50 day moving average is $13.74 and its 200-day moving average is $11.59. The firm has a market cap of $331.02 million, a P/E ratio of 31.56 and a beta of 1.56.
eHealth (NASDAQ:EHTH) last released its quarterly earnings results on Thursday, April 27th. The financial services provider reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $1.55. The firm had revenue of $78.94 million during the quarter, compared to analyst estimates of $69.97 million. eHealth had a negative net margin of 0.13% and a positive return on equity of 1.16%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 EPS. Equities analysts predict that eHealth will post ($1.04) EPS for the current fiscal year.
In related news, insider James E. Flynn sold 150,000 shares of the company’s stock in a transaction on Thursday, April 13th. The shares were sold at an average price of $11.00, for a total value of $1,650,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James E. Flynn sold 426,954 shares of the company’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $11.66, for a total transaction of $4,978,283.64. The disclosure for this sale can be found here. Insiders have sold a total of 809,055 shares of company stock valued at $9,269,593 over the last 90 days. Company insiders own 6.22% 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.
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