eHealth (NASDAQ:EHTH) had its target price raised by Cantor Fitzgerald from $100.00 to $120.00 in a research note published on Friday morning, The Fly reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

Other equities research analysts have also issued research reports about the stock. Credit Suisse Group began coverage on shares of LTC Properties in a report on Wednesday, July 10th. They set an underperform rating and a $19.00 price objective on the stock. TheStreet lowered shares of Trinity Industries from a b rating to a c rating in a research note on Thursday, April 25th. SunTrust Banks raised their target price on shares of eHealth to $120.00 and gave the company a buy rating in a research note on Wednesday, May 15th. Royal Bank of Canada set a $147.00 target price on shares of Ameriprise Financial and gave the company a hold rating in a research note on Friday, April 26th. Finally, Craig Hallum raised shares of PROS from a hold rating to a buy rating and raised their target price for the company from $36.00 to $60.00 in a research note on Friday, April 26th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. eHealth has an average rating of Buy and an average target price of $105.00.

Shares of NASDAQ:EHTH opened at $105.84 on Friday. eHealth has a 12 month low of $22.85 and a 12 month high of $112.22. The stock’s 50-day moving average is $85.51. The company has a current ratio of 4.12, a quick ratio of 6.03 and a debt-to-equity ratio of 0.08. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 82.12 and a beta of 1.22.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.47. eHealth had a net margin of 1.99% and a return on equity of 7.70%. The firm had revenue of $65.80 million for the quarter, compared to analyst estimates of $40.98 million. The business’s quarterly revenue was up 101.2% on a year-over-year basis. As a group, 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 stock in a transaction that occurred 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 filing with the SEC, which can be accessed through this link. Also, Director Michael Goldberg sold 7,500 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $63.23, for a total transaction of $474,225.00. The disclosure for this sale can be found here. Insiders sold a total of 60,755 shares of company stock worth $4,026,975 in the last ninety days. Insiders own 5.00% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of eHealth by 2.3% during the fourth quarter. BlackRock Inc. now owns 2,565,558 shares of the financial services provider’s stock worth $98,568,000 after purchasing an additional 58,661 shares in the last quarter. Raymond James & Associates grew its stake in shares of eHealth by 68.6% during the fourth quarter. Raymond James & Associates now owns 12,147 shares of the financial services provider’s stock worth $467,000 after purchasing an additional 4,944 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of eHealth during the fourth quarter worth $254,000. Great West Life Assurance Co. Can grew its stake in shares of eHealth by 15.5% during the fourth quarter. Great West Life Assurance Co. Can now owns 22,184 shares of the financial services provider’s stock worth $789,000 after purchasing an additional 2,985 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of eHealth by 6.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 727,294 shares of the financial services provider’s stock worth $27,941,000 after purchasing an additional 44,820 shares in the last quarter. Institutional investors and hedge funds own 98.62% of the company’s stock.

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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