News stories about eHealth (NASDAQ:EHTH) have trended positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. eHealth earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.3656303657347 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded eHealth from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Cantor Fitzgerald increased their price objective on eHealth from $21.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, October 2nd. Jefferies Group LLC reiterated a “hold” rating and set a $20.00 price objective (up previously from $18.00) on shares of eHealth in a research report on Saturday, August 26th. BidaskClub upgraded eHealth from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Finally, TheStreet downgraded eHealth from a “c” rating to a “d+” rating in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $20.50.
Shares of eHealth (NASDAQ:EHTH) traded up 1.09% during midday trading on Thursday, hitting $24.14. The stock had a trading volume of 71,151 shares. The stock has a 50-day moving average of $23.63 and a 200 day moving average of $18.29. The stock’s market cap is $447.43 million. eHealth has a 52 week low of $6.38 and a 52 week high of $25.83.
eHealth (NASDAQ:EHTH) last released its earnings results on Thursday, July 27th. The financial services provider reported ($0.92) EPS for the quarter, missing analysts’ consensus estimates of ($0.75) by ($0.17). eHealth had a negative return on equity of 5.64% and a negative net margin of 3.44%. The business had revenue of $28.00 million for the quarter, compared to analyst estimates of $29.25 million. During the same period in the prior year, the firm posted $0.09 EPS. eHealth’s revenue was down 24.9% on a year-over-year basis. Analysts anticipate that eHealth will post ($0.94) EPS for the current fiscal year.
In other news, Director Jack L. Oliver III sold 14,745 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $16.79, for a total value of $247,568.55. Following the completion of the transaction, the director now owns 51,375 shares of the company’s stock, valued at approximately $862,586.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.22% of the stock is owned by insiders.
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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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