SunTrust Banks Raises eHealth (EHTH) Price Target to $90.00

eHealth (NASDAQ:EHTH) had its target price increased by equities research analysts at SunTrust Banks to $90.00 in a report issued on Wednesday, April 10th, The Fly reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. SunTrust Banks’ target price indicates a potential upside of 45.42% from the company’s current price. SunTrust Banks also issued estimates for eHealth’s Q2 2019 earnings at ($0.58) EPS, Q3 2019 earnings at ($0.40) EPS and Q4 2019 earnings at $2.07 EPS.

Several other analysts also recently commented on EHTH. BidaskClub downgraded eHealth from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 18th. Royal Bank of Canada assumed coverage on eHealth in a research note on Thursday, December 20th. They set an “outperform” rating and a $57.00 target price for the company. Zacks Investment Research downgraded eHealth from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd. Cantor Fitzgerald reissued an “overweight” rating and set a $56.00 target price on shares of eHealth in a research note on Wednesday, January 23rd. Finally, Chardan Capital reissued a “buy” rating and set a $65.00 target price (up from $40.00) on shares of eHealth in a research note on Thursday, January 24th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $80.43.

Shares of NASDAQ EHTH traded up $3.35 during trading hours on Wednesday, reaching $61.89. The stock had a trading volume of 456,215 shares, compared to its average volume of 584,428. The company has a quick ratio of 0.45, a current ratio of 7.08 and a debt-to-equity ratio of 0.02. The stock has a market cap of $1.40 billion, a PE ratio of 98.24 and a beta of 1.33. eHealth has a fifty-two week low of $17.67 and a fifty-two week high of $73.71.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.49. The firm had revenue of $68.80 million during the quarter, compared to the consensus estimate of $51.61 million. eHealth had a positive return on equity of 5.82% and a negative net margin of 0.03%. The firm’s revenue was up 59.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.07) EPS. Sell-side analysts anticipate that eHealth will post 1.18 earnings per share for the current year.

In related news, CFO Derek N. Yung bought 2,000 shares of the stock in a transaction on Wednesday, February 27th. The shares were purchased at an average price of $55.36 per share, for a total transaction of $110,720.00. Following the acquisition, the chief financial officer now owns 45,750 shares in the company, valued at $2,532,720. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert S. Hurley sold 1,500 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $60.47, for a total value of $90,705.00. The disclosure for this sale can be found here. Company insiders own 4.14% of the company’s stock.

A number of large investors have recently made changes to their positions in EHTH. Prudential Financial Inc. boosted its holdings in shares of eHealth by 1.4% during the fourth 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 last quarter. Quantamental Technologies LLC acquired a new stake in shares of eHealth during the first quarter worth $29,000. Texas Permanent School Fund boosted its holdings in shares of eHealth by 5.2% during the fourth quarter. Texas Permanent School Fund now owns 10,667 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 532 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in shares of eHealth during the fourth quarter worth $27,000. Finally, Legal & General Group Plc boosted its holdings in shares of eHealth by 2.0% during the fourth quarter. Legal & General Group Plc now owns 35,337 shares of the financial services provider’s stock worth $1,337,000 after purchasing an additional 707 shares during the last quarter. Hedge funds and other institutional investors own 80.82% 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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