BidaskClub Upgrades eHealth (NASDAQ:EHTH) to Strong-Buy

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eHealth (NASDAQ:EHTH) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday, BidAskClub reports.

Other equities analysts have also recently issued reports about the stock. Cantor Fitzgerald reiterated a “buy” rating and issued a $107.00 price objective on shares of Perrigo in a report on Wednesday, May 8th. TheStreet cut shares of Trinity Industries from a “b” rating to a “c” rating in a report on Thursday, April 25th. Craig Hallum upgraded shares of PROS from a “hold” rating to a “buy” rating and upped their price objective for the stock from $36.00 to $60.00 in a report on Friday, April 26th. SunTrust Banks upped their price objective on shares of eHealth to $120.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Finally, Credit Suisse Group assumed coverage on shares of LTC Properties in a report on Wednesday. They issued an “underperform” rating and a $19.00 price objective for the company. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $92.13.

eHealth stock opened at $89.36 on Friday. The firm’s fifty day moving average is $77.64. eHealth has a 12 month low of $22.30 and a 12 month high of $95.50. The stock has a market cap of $2.02 billion, a PE ratio of 108.98 and a beta of 1.23.

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

In related news, insider Robert S. Hurley sold 1,500 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $60.47, for a total value of $90,705.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Goldberg sold 8,750 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $70.00, for a total transaction of $612,500.00. The disclosure for this sale can be found here. Insiders sold 60,755 shares of company stock valued at $4,026,975 over the last quarter. 4.14% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. New York State Teachers Retirement System lifted its position in eHealth by 0.4% during the 1st quarter. New York State Teachers Retirement System now owns 48,584 shares of the financial services provider’s stock worth $3,029,000 after acquiring an additional 197 shares during the last quarter. Prudential Financial Inc. lifted its position in eHealth by 1.4% during the 4th quarter. Prudential Financial Inc. now owns 27,115 shares of the financial services provider’s stock worth $1,042,000 after acquiring an additional 380 shares during the last quarter. Quantamental Technologies LLC acquired a new position in eHealth during the 1st quarter worth $29,000. Texas Permanent School Fund lifted its position in eHealth by 5.2% during the 4th quarter. Texas Permanent School Fund now owns 10,667 shares of the financial services provider’s stock worth $410,000 after acquiring an additional 532 shares during the last quarter. Finally, Macquarie Group Ltd. acquired a new position in eHealth during the 4th quarter worth $27,000. 98.03% of the stock is owned by hedge funds and other institutional investors.

About eHealth

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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Analyst Recommendations for eHealth (NASDAQ:EHTH)

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