eHealth, Inc. (NASDAQ:EHTH) – Research analysts at William Blair increased their Q1 2018 earnings per share estimates for eHealth in a report issued on Tuesday. William Blair analyst A. Klauber now anticipates that the financial services provider will post earnings per share of $1.07 for the quarter, up from their previous forecast of $0.96.
eHealth (NASDAQ:EHTH) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported ($0.98) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.73) by ($0.25). eHealth had a negative net margin of 11.94% and a negative return on equity of 21.88%. The business had revenue of $26.62 million during the quarter, compared to the consensus estimate of $25.55 million. During the same period in the previous year, the business posted ($0.23) EPS. eHealth’s revenue was down 17.0% compared to the same quarter last year.
Several other equities analysts have also recently weighed in on the stock. Jefferies Group LLC raised their target price on shares of eHealth from $20.00 to $23.00 and gave the company a “hold” rating in a research note on Monday. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $30.00 price target on shares of eHealth in a research note on Friday, October 27th. BidaskClub cut shares of eHealth from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Cantor Fitzgerald reaffirmed a “buy” rating and set a $20.00 price target on shares of eHealth in a research note on Thursday, July 27th. Finally, TheStreet upgraded shares of eHealth from a “d+” rating to a “c” rating in a report on Monday, October 16th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $23.17.
Several large investors have recently bought and sold shares of EHTH. BNP Paribas Arbitrage SA grew its position in shares of eHealth by 92.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,611 shares of the financial services provider’s stock worth $143,000 after buying an additional 3,650 shares during the last quarter. OppenheimerFunds Inc. grew its position in shares of eHealth by 11.1% in the 1st quarter. OppenheimerFunds Inc. now owns 12,891 shares of the financial services provider’s stock worth $156,000 after buying an additional 1,289 shares during the last quarter. Thrivent Financial For Lutherans purchased a new position in shares of eHealth in the 2nd quarter worth approximately $190,000. Hancock Holding Co. purchased a new position in shares of eHealth in the 2nd quarter worth approximately $198,000. Finally, Voya Investment Management LLC purchased a new stake in eHealth during the 2nd quarter worth approximately $201,000. Institutional investors and hedge funds own 90.00% 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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