eHealth (EHTH) Price Target Increased to $100.00 by Analysts at Cantor Fitzgerald

eHealth (NASDAQ:EHTH) had its price target lifted by Cantor Fitzgerald from $87.00 to $100.00 in a research report sent to investors on Wednesday, May 8th, The Fly reports. They currently have an overweight rating on the financial services provider’s stock.

A number of other research firms also recently issued reports on EHTH. Zacks Investment Research upgraded shares of eHealth from a hold rating to a buy rating and set a $72.00 target price for the company in a report on Monday, April 29th. TheStreet downgraded shares of eHealth from a b rating to a c rating in a report on Thursday, April 25th. Royal Bank of Canada set a $89.00 target price on shares of eHealth and gave the company a buy rating in a report on Friday, April 26th. Craig Hallum restated a buy rating and issued a $85.00 target price (up from $75.00) on shares of eHealth in a report on Friday, April 26th. Finally, BidaskClub upgraded shares of eHealth from a buy rating to a strong-buy rating in a report on Thursday, April 25th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. eHealth has a consensus rating of Buy and an average price target of $86.57.

Shares of EHTH opened at $70.56 on Wednesday. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 112.00 and a beta of 1.33. eHealth has a 12-month low of $19.48 and a 12-month high of $73.71.

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

In other eHealth news, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Scott N. Flanders sold 34,005 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $60.95, for a total transaction of $2,072,604.75. The disclosure for this sale can be found here. Insiders sold 45,342 shares of company stock worth $2,773,081 over the last ninety days. 4.14% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Quantamental Technologies LLC bought a new position in shares of eHealth during the first quarter worth about $29,000. Macquarie Group Ltd. bought a new position in shares of eHealth during the fourth quarter worth about $27,000. Meeder Asset Management Inc. bought a new position in shares of eHealth during the first quarter worth about $67,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of eHealth during the fourth quarter worth about $42,000. Finally, Advisor Group Inc. bought a new position in eHealth in the 1st quarter valued at about $85,000. Institutional investors and hedge funds own 98.09% of the company’s stock.

eHealth Company Profile

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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