3. GOOD HEALTH AND WELL-BEING

Zacks: Brokerages Expect eHealth, Inc. (NASDAQ:EHTH) Will Post Quarterly Sales of $249.48 Million – MarketBeat

Zacks: Brokerages Expect eHealth, Inc. (NASDAQ:EHTH) Will Post Quarterly Sales of $249.48 Million  MarketBeat

Equities analysts forecast that eHealth, Inc. (NASDAQ:EHTH) will post sales of $249.48 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for eHealth’s earnings. The lowest sales estimate is $240.32 million and the highest is $257.22 million. eHealth posted sales of $293.32 million during the same quarter last year, which suggests a negative year-over-year growth rate of 14.9%. The company is expected to announce its next quarterly earnings report on Thursday, February 17th.

According to Zacks, analysts expect that eHealth will report full year sales of $544.16 million for the current fiscal year, with estimates ranging from $535.01 million to $551.91 million. For the next fiscal year, analysts expect that the firm will post sales of $581.00 million, with estimates ranging from $539.20 million to $638.43 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for eHealth.

eHealth (NASDAQ:EHTH) last announced its earnings results on Monday, November 8th. The financial services provider reported ($1.78) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.09) by ($0.69). eHealth had a negative return on equity of 1.28% and a negative net margin of 2.10%. The firm had revenue of $63.90 million for the quarter, compared to analyst estimates of $94.20 million. During the same quarter last year, the business posted ($0.60) EPS. The firm’s revenue was down 32.2% compared to the same quarter last year.

EHTH has been the topic of a number of research analyst reports. Craig Hallum lowered shares of eHealth from a “buy” rating to a “hold” rating and decreased their price target for the company from $75.00 to $33.00 in a report on Tuesday, November 9th. Truist Securities decreased their price target on shares of eHealth from $100.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, November 9th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of eHealth from $86.00 to $19.00 and set a “hold” rating on the stock in a report on Monday, November 29th. TheStreet lowered shares of eHealth from a “c” rating to a “d+” rating in a report on Monday, November 8th. Finally, Truist reduced their target price on shares of eHealth from $100.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, November 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $56.00.

(Ad)

Knightscope, Inc., a developer of advanced physical security technologies focused on enhancing U.S. security operations, has commenced its offering of up to $40 million of Class A common stock, with shares to be listed immediately following closing on NASDAQ under the ticker symbol “KSCP.”

In other news, CRO Timothy C. Hannan sold 4,181 shares of the business’s stock in a transaction dated Thursday, November 11th. The shares were sold at an average price of $29.39, for a total value of $122,879.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dale B. Wolf bought 24,000 shares of the company’s stock in a transaction dated Thursday, November 11th. The stock was bought at an average cost of $29.97 per share, with a total value of $719,280.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 47,500 shares of company stock worth $1,300,785 in the last ninety days. 5.00% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in the stock. Advisor Group Holdings Inc. grew its position in shares of eHealth by 18.5% during the 2nd quarter. Advisor Group Holdings Inc. now owns 1,564 shares of the financial services provider’s stock valued at $91,000 after buying an additional 244 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of eHealth by 2.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 10,714 shares of the financial services provider’s stock valued at $626,000 after buying an additional 247 shares during the last quarter. Mutual of America Capital Management LLC grew its position in shares of eHealth by 7.3% during the 2nd quarter. Mutual of America Capital Management LLC now owns 3,716 shares of the financial services provider’s stock valued at $217,000 after buying an additional 252 shares during the last quarter. HighTower Advisors LLC grew its position in shares of eHealth by 2.3% during the 2nd quarter. HighTower Advisors LLC now owns 18,852 shares of the financial services provider’s stock valued at $1,102,000 after buying an additional 416 shares during the last quarter. Finally, Truist Financial Corp grew its position in shares of eHealth by 8.6% during the 3rd quarter. Truist Financial Corp now owns 5,296 shares of the financial services provider’s stock valued at $215,000 after buying an additional 419 shares during the last quarter. 93.40% of the stock is owned by institutional investors and hedge funds.

Shares of EHTH opened at $25.78 on Wednesday. The firm has a market cap of $680.28 million, a PE ratio of -27.72 and a beta of -0.14. The company’s fifty day moving average is $35.75 and its two-hundred day moving average is $46.22. eHealth has a fifty-two week low of $21.00 and a fifty-two week high of $93.19.

About eHealth

eHealth, Inc engages in the provision of Internet-based health insurance agency services for individuals, families, and small businesses. It operates through the following segments: Medicare and Individual, Family, and Small Business. The Medicare segment consists primarily of commissions earned from sale of Medicare-related health insurance plans.

Featured Story: Equal Weight Rating

Get a free copy of the Zacks research report on eHealth (EHTH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to

Should you invest $1,000 in eHealth right now?

Before you consider eHealth, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and eHealth wasn’t on the list.

While eHealth currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

Source: marketbeat.com

Leave a Comment