New York State Common Retirement Fund boosted its position in shares of eHealth, Inc. (NASDAQ:EHTH) by 110.9% during the 1st quarter, HoldingsChannel reports. The firm owned 38,800 shares of the financial services provider’s stock after buying an additional 20,400 shares during the quarter. New York State Common Retirement Fund’s holdings in eHealth were worth $2,419,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Macquarie Group Ltd. acquired a new stake in shares of eHealth in the 4th quarter valued at $27,000. Quantamental Technologies LLC acquired a new stake in shares of eHealth in the 1st quarter valued at $29,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of eHealth in the 4th quarter valued at $42,000. Meeder Asset Management Inc. acquired a new stake in shares of eHealth in the 1st quarter valued at $67,000. Finally, LS Investment Advisors LLC lifted its stake in shares of eHealth by 316.8% in the 4th quarter. LS Investment Advisors LLC now owns 1,980 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 1,505 shares during the last quarter. 98.03% of the stock is owned by institutional investors.
Several research analysts have recently issued reports on EHTH shares. Royal Bank of Canada boosted their price objective on shares of eHealth from $57.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, February 20th. Zacks Investment Research upgraded shares of eHealth from a “hold” rating to a “strong-buy” rating and set a $73.00 price objective on the stock in a report on Wednesday, February 20th. SunTrust Banks boosted their price objective on shares of eHealth to $75.00 and gave the stock a “buy” rating in a report on Friday, February 22nd. BidaskClub downgraded shares of eHealth from a “strong-buy” rating to a “buy” rating in a report on Monday, February 25th. Finally, TheStreet upgraded shares of eHealth from a “c” rating to a “b” rating in a report on Friday, February 22nd. Nine research analysts have rated the stock with a buy rating, eHealth currently has an average rating of “Buy” and a consensus target price of $86.57.
In related news, Director Michael Goldberg sold 7,500 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $63.23, for a total value of $474,225.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert S. Hurley sold 1,500 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $70.34, for a total transaction of $105,510.00. The disclosure for this sale can be found here. In the last three months, insiders sold 53,255 shares of company stock worth $3,355,545. 4.14% of the stock is currently owned by insiders.
NASDAQ EHTH opened at $70.99 on Thursday. The stock has a market capitalization of $1.58 billion, a P/E ratio of 112.68 and a beta of 1.12. eHealth, Inc. has a twelve month low of $21.30 and a twelve month high of $75.28.
eHealth (NASDAQ:EHTH) last posted its earnings results 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. The business had revenue of $68.80 million for the quarter, compared to analysts’ expectations of $51.61 million. eHealth had a negative net margin of 0.03% and a positive return on equity of 5.82%. The firm’s revenue for the quarter was up 59.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. On average, equities analysts expect that eHealth, Inc. will post 1.17 EPS for the current year.
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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