In a report released today, George Sutton from Craig-Hallum maintained a Buy rating on Ehealth (EHTH – Research Report). The company’s shares closed yesterday at $8.58.
According to TipRanks, Sutton is a 4-star analyst with an average return of 6.5% and a 44.51% success rate. Sutton covers the Technology sector, focusing on stocks such as Par Technology, AudioEye, and Freightos Limited.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ehealth with a $11.50 average price target.
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Based on Ehealth’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $60.19 million and a GAAP net loss of $23.5 million. In comparison, last year the company earned a revenue of $47.84 million and had a GAAP net loss of $37.5 million
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EHTH in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Ehealth (EHTH) Company Description:
eHealth, Inc. engages in the provision of Internet-based health insurance agency services for individuals, families, and small businesses. It operates through the Medicare and Individual, Family, and Small Business segment. The Medicare segment consists primarily of commissions earned from sale of Medicare-related health insurance plans. The Individual, Family, and Small Business segment includes commissions earned from the sale of individual and family and small business health insurance plans and ancillary products sold to non-Medicare-eligible customers. The company was founded by Vipool Mohanlal Patel in November 14, 1997 and is headquartered in Mountain View, CA.
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