Scott N. Flanders Sells 34,005 Shares of eHealth, Inc. (EHTH) Stock
eHealth, Inc. (NASDAQ:EHTH) CEO Scott N. Flanders sold 34,005 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $60.95, for a total value of $2,072,604.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of NASDAQ:EHTH opened at $65.02 on Thursday. eHealth, Inc. has a 52-week low of $18.35 and a 52-week high of $73.71. The company has a market capitalization of $1.33 billion, a PE ratio of 103.21 and a beta of 1.33.
eHealth (NASDAQ:EHTH) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.49. eHealth had a positive return on equity of 5.82% and a negative net margin of 0.03%. The company had revenue of $68.80 million during the quarter, compared to analyst estimates of $51.61 million. During the same quarter last year, the company earned ($0.07) EPS. The firm’s revenue for the quarter was up 59.6% on a year-over-year basis. On average, research analysts expect that eHealth, Inc. will post 1.17 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on EHTH shares. SunTrust Banks increased their target price on eHealth to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Cantor Fitzgerald reissued an “overweight” rating and issued a $56.00 target price on shares of eHealth in a research report on Wednesday, January 23rd. Zacks Investment Research raised eHealth from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Friday, February 1st. Evercore ISI started coverage on eHealth in a research report on Monday, February 4th. They issued an “outperform” rating and a $75.00 target price for the company. Finally, ValuEngine raised eHealth from a “hold” rating to a “buy” rating in a research report on Saturday, February 2nd. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $86.57.
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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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