eHealth (EHTH) Shares Down 16.8%

eHealth, Inc. (NASDAQ:EHTH) fell 16.8% during trading on Wednesday . The stock traded as low as $49.19 and last traded at $54.41. 3,132,047 shares traded hands during trading, an increase of 460% from the average session volume of 559,622 shares. The stock had previously closed at $65.43.

Several brokerages recently commented on EHTH. Zacks Investment Research raised eHealth from a “hold” rating to a “strong-buy” rating and set a $73.00 target price on the stock in a report on Wednesday, February 20th. SunTrust Banks boosted their target price on eHealth to $90.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Royal Bank of Canada boosted their target price on eHealth from $57.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, February 20th. ValuEngine raised eHealth from a “hold” rating to a “buy” rating in a report on Saturday, February 2nd. Finally, Evercore ISI began coverage on eHealth in a report on Monday, February 4th. They set an “outperform” rating and a $75.00 target price on the stock. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. eHealth presently has a consensus rating of “Buy” and a consensus target price of $73.86.

The firm has a market cap of $1.23 billion, a PE ratio of 86.92 and a beta of 1.38. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.45 and a quick ratio of 0.45.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings results on Thursday, February 21st. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.87 by ($0.26). The company had revenue of $134.92 million during the quarter, compared to the consensus estimate of $134.66 million. eHealth had a net margin of 0.10% and a return on equity of 3.81%. On average, sell-side analysts predict that eHealth, Inc. will post 0.9 earnings per share for the current fiscal year.

In other news, CFO Derek N. Yung bought 2,000 shares of the business’s stock in a transaction on Wednesday, February 27th. The shares were bought at an average cost of $55.36 per share, with a total value of $110,720.00. Following the purchase, the chief financial officer now directly owns 45,750 shares in the company, valued at $2,532,720. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael Goldberg sold 2,337 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $58.00, for a total transaction of $135,546.00. The disclosure for this sale can be found here. 4.14% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. LS Investment Advisors LLC raised its stake in eHealth by 316.8% during the 4th quarter. LS Investment Advisors LLC now owns 1,980 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 1,505 shares during the period. Toronado Partners LLC acquired a new stake in eHealth during the 4th quarter valued at $13,597,000. FMR LLC acquired a new stake in eHealth during the 3rd quarter valued at $2,268,000. Dimensional Fund Advisors LP raised its stake in eHealth by 19.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 682,474 shares of the financial services provider’s stock valued at $19,287,000 after purchasing an additional 112,674 shares during the period. Finally, Peregrine Capital Management LLC raised its stake in eHealth by 49.9% during the 4th quarter. Peregrine Capital Management LLC now owns 256,731 shares of the financial services provider’s stock valued at $9,864,000 after purchasing an additional 85,461 shares during the period. 82.00% of the stock is currently owned by institutional investors.

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eHealth Company Profile (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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