eHealth (EHTH) PT Raised to $100.00 at Cantor Fitzgerald

eHealth (NASDAQ:EHTH) had its price objective raised by Cantor Fitzgerald from $87.00 to $100.00 in a research report sent to investors on Wednesday morning, The Fly reports. They currently have an overweight rating on the financial services provider’s stock.

Several other research analysts have also recently issued reports on EHTH. Zacks Investment Research raised shares of eHealth from a hold rating to a buy rating and set a $46.00 target price for the company in a report on Friday, January 11th. SunTrust Banks lifted their target price on shares of eHealth to $60.00 and gave the stock a buy rating in a report on Wednesday, January 23rd. Chardan Capital reissued a buy rating and set a $65.00 price objective (up from $40.00) on shares of eHealth in a report on Thursday, January 24th. Craig Hallum boosted their price objective on shares of eHealth from $37.00 to $75.00 and gave the company a buy rating in a report on Monday, January 28th. Finally, ValuEngine raised shares of eHealth from a hold rating to a buy rating in a report on Saturday, February 2nd. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $82.29.

Shares of eHealth stock opened at $61.57 on Wednesday. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 97.73 and a beta of 1.33. eHealth has a 52-week low of $18.16 and a 52-week high of $73.71.

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

In related news, CFO Derek N. Yung acquired 2,000 shares of the firm’s stock in a transaction dated Wednesday, February 27th. The stock was purchased at an average cost of $55.36 per share, with a total value of $110,720.00. Following the completion of the acquisition, the chief financial officer now directly owns 45,750 shares of the company’s stock, valued at $2,532,720. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert S. Hurley sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were 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. Insiders have sold 11,337 shares of company stock valued at $700,476 over the last three months. 4.14% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its position in eHealth by 3,648.3% during the fourth quarter. Victory Capital Management Inc. now owns 787,515 shares of the financial services provider’s stock valued at $30,256,000 after buying an additional 766,505 shares during the period. Emerald Advisers LLC bought a new stake in eHealth during the first quarter valued at approximately $23,504,000. BlackRock Inc. grew its position in eHealth by 13.9% during the first quarter. BlackRock Inc. now owns 2,922,712 shares of the financial services provider’s stock valued at $182,203,000 after buying an additional 357,154 shares during the period. Toronado Partners LLC bought a new stake in eHealth during the fourth quarter valued at approximately $13,597,000. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in eHealth during the first quarter valued at approximately $21,763,000. 78.83% of the stock is owned by hedge funds and other institutional investors.

About eHealth

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.

Read More: Earnings Per Share

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