Cantor Fitzgerald Raises eHealth (EHTH) Price Target to $22.00

eHealth (NASDAQ:EHTH) had its price target increased by stock analysts at Cantor Fitzgerald to $22.00 in a research note issued on Friday. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Cantor Fitzgerald’s price target would indicate a potential upside of 16.77% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of eHealth from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Tuesday, March 20th. TheStreet raised shares of eHealth from a “d” rating to a “c-” rating in a research report on Thursday, April 26th. ValuEngine raised shares of eHealth from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, BidaskClub raised shares of eHealth from a “sell” rating to a “hold” rating in a research report on Tuesday, May 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $24.00.

eHealth opened at $18.84 on Friday, MarketBeat Ratings reports. eHealth has a one year low of $18.64 and a one year high of $18.81. The firm has a market cap of $358.59 million, a price-to-earnings ratio of -14.72 and a beta of 1.63.

eHealth (NASDAQ:EHTH) last released its quarterly earnings data on Thursday, April 26th. The financial services provider reported ($0.07) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.34. eHealth had a negative net margin of 46.66% and a negative return on equity of 45.84%. The firm had revenue of $43.07 million during the quarter, compared to analysts’ expectations of $38.55 million. equities analysts predict that eHealth will post 0.31 EPS for the current year.

In other news, SVP Jay Walter Jennings sold 5,300 shares of the business’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $18.73, for a total value of $99,269.00. Following the completion of the sale, the senior vice president now owns 53,322 shares of the company’s stock, valued at $998,721.06. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 6.22% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC bought a new stake in shares of eHealth in the fourth quarter valued at about $139,000. KBC Group NV bought a new stake in shares of eHealth in the first quarter valued at about $115,000. Landscape Capital Management L.L.C. bought a new stake in shares of eHealth in the first quarter valued at about $216,000. B. Riley Financial Inc. bought a new stake in shares of eHealth in the fourth quarter valued at about $323,000. Finally, A.R.T. Advisors LLC bought a new stake in shares of eHealth in the first quarter valued at about $275,000. 90.69% of the stock is owned by institutional investors.

eHealth Company Profile

eHealth, Inc provides private online 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.

Analyst Recommendations for eHealth (NASDAQ:EHTH)

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