eHealth (NASDAQ:EHTH) Hits New 1-Year High at $75.56

eHealth, Inc. (NASDAQ:EHTH) hit a new 52-week high during trading on Monday . The stock traded as high as $75.56 and last traded at $74.69, with a volume of 7133 shares trading hands. The stock had previously closed at $74.09.

Several brokerages have recently commented on EHTH. TheStreet raised eHealth from a “c” rating to a “b” rating in a report on Friday, February 22nd. SunTrust Banks upped their target price on eHealth to $90.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $87.00 target price (up from $73.00) on shares of eHealth in a report on Monday, April 29th. Zacks Investment Research raised eHealth from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a report on Monday, April 29th. Finally, BidaskClub downgraded eHealth from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 11th. Nine investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of $86.57.

The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 118.24 and a beta of 1.11.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.49. The firm had revenue of $68.80 million for the quarter, compared to analyst estimates of $51.61 million. eHealth had a positive return on equity of 5.82% and a negative net margin of 0.03%. eHealth’s quarterly revenue was up 59.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.07) earnings per share. Sell-side analysts expect that eHealth, Inc. will post 1.17 EPS for the current fiscal year.

In related news, insider Robert S. Hurley sold 1,500 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $70.34, for a total transaction of $105,510.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Scott N. Flanders sold 34,005 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $60.95, for a total value of $2,072,604.75. The disclosure for this sale can be found here. Insiders have sold 53,255 shares of company stock worth $3,355,545 over the last three months. 4.14% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the business. Quantamental Technologies LLC acquired a new position in eHealth in the 1st quarter worth about $29,000. Macquarie Group Ltd. acquired a new position in eHealth in the 4th quarter worth about $27,000. Meeder Asset Management Inc. acquired a new position in eHealth in the 1st quarter worth about $67,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in eHealth in the 4th quarter worth about $42,000. Finally, LS Investment Advisors LLC increased its position in eHealth by 316.8% in the 4th quarter. LS Investment Advisors LLC now owns 1,980 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 1,505 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors.

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About eHealth (NASDAQ:EHTH)

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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