The stock of eHealth, Inc. (NASDAQ:EHTH) is a huge mover today! The stock increased 6.64% or $0.53 during the last trading session, hitting $8.51. About 323,648 shares traded hands or 21.30% up from the average. eHealth, Inc. (NASDAQ:EHTH) has declined 13.54% since April 5, 2016 and is downtrending. It has underperformed by 15.50% the S&P500.
The move comes after 9 months positive chart setup for the $152.58 million company. It was reported on Nov, 7 by Barchart.com. We have $14.64 PT which if reached, will make NASDAQ:EHTH worth $109.86 million more.
eHealth, Inc. (NASDAQ:EHTH) Ratings Coverage
Out of 5 analysts covering eHealth (NASDAQ:EHTH), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. eHealth has been the topic of 8 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Craig Hallum upgraded the stock to “Buy” rating in Friday, April 29 report. On Friday, August 5 the stock rating was upgraded by Craig Hallum to “Buy”. The rating was upgraded by Bank of America to “Neutral” on Friday, July 31. The firm has “Hold” rating by Craig Hallum given on Friday, July 29. The firm has “Buy” rating given on Monday, August 10 by Zacks. Stifel Nicolaus upgraded the stock to “Buy” rating in Thursday, July 30 report. The rating was maintained by FBR Capital on Wednesday, February 24 with “Outperform”. Jefferies maintained it with “Hold” rating and $12.50 target price in Wednesday, February 24 report.
According to Zacks Investment Research, “eHealth, Inc. is the parent company of eHealthInsurance, the leading online source of health insurance for individuals, families and small businesses. eHealthInsurance presents complex health insurance information in an objective, user-friendly format, enabling the research, analysis, comparison and purchase of health insurance products that best meet consumers’ needs. eHealth and eHealthInsurance.com are registered trademarks of eHealthInsurance Services, Inc. eHealth, Inc. and its technology was responsible for the nation’s first Internet-based sale of a health insurance policy. The Company is headquartered in Mountain View, California.”
Insitutional Activity: The institutional sentiment increased to 1.74 in Q2 2016. Its up 0.13, from 1.61 in 2016Q1. The ratio increased, as 10 funds sold all eHealth, Inc. shares owned while 25 reduced positions. 28 funds bought stakes while 33 increased positions. They now own 16.02 million shares or 1.28% more from 15.82 million shares in 2016Q1.
Stifel Corporation has invested 0% of its portfolio in eHealth, Inc. (NASDAQ:EHTH). Deere reported 52,839 shares or 0.04% of all its holdings. Ls Invest Advsr Limited Liability Corporation reported 603 shares or 0% of all its holdings. Driehaus Cap Mngmt Limited Liability Corporation accumulated 13,920 shares or 0.01% of the stock. American Gp reported 13,204 shares or 0% of all its holdings. Teachers Retirement Systems Of The State Of Kentucky has invested 0% of its portfolio in eHealth, Inc. (NASDAQ:EHTH). Sunbelt Securities last reported 389 shares in the company. Walleye Trading Lc holds 16,300 shares or 0% of its portfolio. Northern Tru Corporation last reported 287,778 shares in the company. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in eHealth, Inc. (NASDAQ:EHTH) for 5,247 shares. Moreover, Blackrock Invest Limited Co has 0% invested in eHealth, Inc. (NASDAQ:EHTH) for 75,561 shares. Moreover, Blackrock Institutional Com Na has 0% invested in eHealth, Inc. (NASDAQ:EHTH) for 520,546 shares. Geode Cap Mgmt Ltd Com, a Massachusetts-based fund reported 174,560 shares. Nationwide Fund has 0% invested in the company for 12,180 shares. New York State Common Retirement Fund holds 0% or 22,300 shares in its portfolio.
Insider Transactions: Since May 25, 2016, the stock had 3 buys, and 4 sales for $4.51 million net activity. The insider Flynn James E sold 99,508 shares worth $1.38 million. Flanders Scott N bought $1.07 million worth of stock. 25,000 shares were bought by Goldberg Michael, worth $232,055 on Tuesday, August 2. The insider Hurley Robert S bought $59,281.
More important recent eHealth, Inc. (NASDAQ:EHTH) news were published by: Businesswire.com which released: “eHealth, Inc. to Announce Third Quarter 2016 Earnings Results and Strategic …” on October 14, 2016, also Businesswire.com published article titled: “eHealth, Inc. Announces Third Quarter 2016 Results”, Nasdaq.com published: “Earnings Reaction History: eHealth, Inc, 80.0% Follow-Through Indicator, 12.4 …” on July 28, 2016. More interesting news about eHealth, Inc. (NASDAQ:EHTH) was released by: Businesswire.com and their article: “eHealth Enters the 2017 Obamacare Open Enrollment Period with a Powerful New …” with publication date: November 01, 2016.
EHTH Company Profile
eHealth, Inc., incorporated on February 22, 2002, provides a private online source of health insurance for individuals, families and small businesses. The Firm is the parent firm of eHealthInsurance, a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers side-by-side, and purchase and enroll in coverage online through its Websites (www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com) or telephonically through its customer care centers. The Firm also offers various online and pharmacy tools to help seniors navigate Medicare health insurance options, choose the right plan, and enroll in plans online or telephonically. The Company’s e-commerce platform can be accessed directly through its Websites, as well as through its network of marketing partners. The Company’s e-commerce technology also enables it to deliver consumers’ health insurance applications electronically to health insurance carriers.
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