eHealth (EHTH) is Upgraded by Craig Hallum to Buy

eHealth (EHTH) was Upgraded by Craig Hallum to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Craig Hallum advised their investors in a research report released on Aug 5, 2016.

On the company’s financial health, eHealth reported $0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.11. The company had revenue of $37.28 million for the quarter, compared to analysts expectations of $37.96 million. The company’s revenue was down -6.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.44 EPS.

eHealth closed down -0.08 points or -0.88% at $9.05 with 1,78,617 shares getting traded on Thursday. Post opening the session at $9.16, the shares hit an intraday low of $9 and an intraday high of $9.17 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Aug 4, 2016, Scott N Flanders (CEO) purchased 117,000 shares at $9.11 per share price. According to the SEC, 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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