Craig-Hallum Upgrades eHealth to Buy

Brokerage firm Craig-Hallum Upgrades its rating on eHealth(NASDAQ:EHTH). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Craig-Hallum was issued on Aug 5, 2016.

In a different note, On Jul 29, 2016, Craig-Hallum said it Downgrades its rating on eHealth. The shares have been rated ‘Hold’ by the firm. On Jul 29, 2016, Jefferies said it Maintains its rating on eHealth. In the research note, the firm Lowers the price-target to $13.00 per share. The shares have been rated ‘Hold’ by the firm.

eHealth (EHTH) made into the market gainers list on Wednesdays trading session with the shares advancing 1.13% or 0.13 points. Due to strong positive momentum, the stock ended at $11.66, which is also near the day’s high of $11.92. The stock began the session at $11.57 and the volume stood at 3,66,024 shares. The 52-week high of the shares is $15.17 and the 52 week low is $8.14. The company has a current market capitalization of $214 M and it has 1,83,26,932 shares in outstanding.

eHealth(EHTH) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $37.28M. Analysts had an estimated revenue of $37.93M. Earnings per share were $0.09. Analysts had estimated an EPS of $0.09.

Several Insider Transactions has been reported to the SEC. On Aug 4, 2016, Scott N Flanders (CEO) purchased 117,000 shares at $9.11 per share price.Also, On Aug 4, 2016, Michael Goldberg (director) purchased 25,000 shares at $9.28 per share price.On Dec 4, 2015, Stuart Huizinga (Sr. VP & CFO) sold 24,999 shares at $12.22 per share price, according to the Form-4 filing with the securities and exchange commission.

eHealth Inc. offers an online source of health insurance for individuals families and small businesses. The Company offers a private health insurance exchange where individuals families and small businesses can compare health insurance products from various insurers and purchase and enroll in coverage online. It offers a range of individual family and small business health plans underwritten by the health insurance companies through its Website addresses and and customer care centers. Its e-commerce technology delivers consumers’ health insurance applications electronically to health insurance carriers. The plans it offers preferred provider organization health maintenance organization and indemnity plans Medicare related health insurance plans short-term medical insurance student health insurance and dental and vision insurance among others.

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