eHealth, Inc. (NASDAQ:EHTH) shares shot up 8.8% during trading on Thursday . The company traded as high as $72.27 and last traded at $71.46. 719,034 shares traded hands during mid-day trading, an increase of 30% from the average session volume of 553,033 shares. The stock had previously closed at $65.69.
A number of research firms recently commented on EHTH. Royal Bank of Canada set a $89.00 target price on eHealth and gave the company a “buy” rating in a research note on Friday, April 26th. SunTrust Banks increased their target price on eHealth to $120.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. TheStreet cut eHealth from a “b” rating to a “c” rating in a research note on Thursday, April 25th. Zacks Investment Research raised eHealth from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Monday, April 29th. Finally, Cantor Fitzgerald increased their target price on eHealth from $87.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, May 8th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. eHealth presently has a consensus rating of “Buy” and an average target price of $86.57.
The company has a market cap of $1.49 billion, a PE ratio of 113.43 and a beta of 1.33.
In other news, CEO Scott N. Flanders sold 34,005 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $60.95, for a total transaction of $2,072,604.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robert S. Hurley sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $60.47, for a total value of $90,705.00. The disclosure for this sale can be found here. Insiders have sold 45,342 shares of company stock worth $2,773,081 over the last ninety days. Insiders own 4.14% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. New York State Teachers Retirement System grew its stake in shares of eHealth by 0.4% in the first quarter. New York State Teachers Retirement System now owns 48,584 shares of the financial services provider’s stock worth $3,029,000 after purchasing an additional 197 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of eHealth by 2.7% in the first quarter. Voya Investment Management LLC now owns 8,450 shares of the financial services provider’s stock worth $527,000 after purchasing an additional 226 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of eHealth by 1.4% in the fourth quarter. Prudential Financial Inc. now owns 27,115 shares of the financial services provider’s stock worth $1,042,000 after purchasing an additional 380 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of eHealth in the first quarter worth about $29,000. Finally, Texas Permanent School Fund lifted its holdings in eHealth by 5.2% in the fourth quarter. Texas Permanent School Fund now owns 10,667 shares of the financial services provider’s stock worth $410,000 after buying an additional 532 shares during the period. 98.09% 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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