What’s Propelling eHealth, Inc. (EHTH) to Reach 52-Week High?

June 19, 2017 - By Stephen Andrade

Investors sentiment increased to 1.53 in 2016 Q4. Its up 0.43, from 1.1 in 2016Q3. It is positive, as 14 investors sold eHealth, Inc. shares while 22 reduced holdings. 24 funds opened positions while 31 raised stakes. 16.65 million shares or 1.67% more from 16.37 million shares in 2016Q3 were reported.
State Of Tennessee Treasury Department has 14,235 shares for 0% of their portfolio. Comerica Comml Bank has 0% invested in eHealth, Inc. (NASDAQ:EHTH) for 17,737 shares. Parallax Volatility Advisers Lp reported 592 shares. Qs Invsts Limited invested in 0% or 448 shares. Cornerstone Mgmt Holdings invested in 135,700 shares. 54,402 were accumulated by Gsa Capital Prtnrs Limited Liability Partnership. Jacobs Levy Equity Mgmt reported 18,890 shares stake. Deutsche Comml Bank Ag owns 11,456 shares or 0% of their US portfolio. The Switzerland-based Credit Suisse Ag has invested 0% in eHealth, Inc. (NASDAQ:EHTH). J Goldman Company Ltd Partnership reported 90,000 shares. Bancshares Of America Corp De owns 11,118 shares. Gru One Trading Limited Partnership has 0% invested in eHealth, Inc. (NASDAQ:EHTH) for 5,321 shares. Orbimed Advsr Limited Co accumulated 0.25% or 1.82 million shares. Iowa-based Principal Financial Group has invested 0% in eHealth, Inc. (NASDAQ:EHTH). Jpmorgan Chase & Communication reported 0% stake.

Since April 7, 2017, it had 0 insider buys, and 1 insider sale for $2.64 million activity. Another trade for 232,101 shares valued at $2.64 million was made by Flynn James E on Friday, April 7.

The stock of eHealth, Inc. (NASDAQ:EHTH) hit a new 52-week high and has $19.42 target or 3.00 % above today’s $18.85 share price. The 5 months bullish chart indicates low risk for the $355.35 million company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $19.42 price target is reached, the company will be worth $10.66 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

It is 0.00% or $0 reaching $18.85 per share. It is down 26.30% since June 19, 2016 and is uptrending. It has outperformed by 9.60% the S&P500.

Wall Street await eHealth, Inc. (NASDAQ:EHTH) to release earnings on July, 27. Analysts forecast EPS of $-0.46, down exactly $0.44 or 2,200.00 % from 2014’s $-0.02 EPS. After posting $1.81 EPS for the previous quarter, eHealth, Inc.’s analysts now forecast -125.41 % negative EPS growth.

eHealth, Inc. (NASDAQ:EHTH) Ratings Coverage

Among 6 analysts covering eHealth (NASDAQ:EHTH), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. eHealth had 9 analyst reports since July 30, 2015 according to SRatingsIntel. On Friday, August 5 the stock rating was upgraded by Craig Hallum to “Buy”. On Monday, August 10 the stock rating was downgraded by Zacks to “Buy”. The stock of eHealth, Inc. (NASDAQ:EHTH) earned “Hold” rating by Craig Hallum on Friday, July 29. Bank of America upgraded the shares of EHTH in report on Friday, July 31 to “Neutral” rating. The company was upgraded on Thursday, July 30 by Stifel Nicolaus. The stock of eHealth, Inc. (NASDAQ:EHTH) has “Buy” rating given on Friday, April 29 by Craig Hallum. FBR Capital maintained eHealth, Inc. (NASDAQ:EHTH) on Wednesday, February 24 with “Outperform” rating. The stock of eHealth, Inc. (NASDAQ:EHTH) earned “Hold” rating by Jefferies on Wednesday, February 24.

More important recent eHealth, Inc. (NASDAQ:EHTH) news were published by: Reuters.com which released: “BRIEF-Cannell Capital LLC reports 9.6 percent stake in Ehealth Inc as of April …” on May 01, 2017, also Businesswire.com published article titled: “eHealth, Inc. to Host Investor & Analyst Day”, Fool.com published: “Here’s Why eHealth, Inc. Is Looking a Lot Healthier” on April 28, 2017. More interesting news about eHealth, Inc. (NASDAQ:EHTH) was released by: Seekingalpha.com and their article: “eHealth’s (EHTH) CEO Scott Flanders on Q1 2017 Results – Earnings Call Transcript” with publication date: April 28, 2017.

eHealth, Inc. provides a private online source of health insurance for individuals, families and small businesses. The company has market cap of $355.35 million. 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 or telephonically through its customer care centers. It has a 34.2 P/E ratio. 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.

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