eHealth (EHTH) Scheduled to Post Quarterly Earnings on Wednesday

eHealth (NASDAQ:EHTH) will issue its quarterly earnings data before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of ($1.30) per share for the quarter. eHealth has set its FY 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

eHealth (NASDAQ:EHTH) last announced its earnings results on Wednesday, August 7th. The financial services provider reported ($1.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.85) by ($0.38). eHealth had a negative net margin of 6.32% and a negative return on equity of 4.03%. The business had revenue of $65.86 million for the quarter, compared to the consensus estimate of $55.79 million. On average, analysts expect eHealth to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

eHealth Price Performance

Shares of EHTH opened at $5.00 on Tuesday. eHealth has a 52 week low of $3.58 and a 52 week high of $9.45. The business’s 50 day moving average price is $4.29 and its 200-day moving average price is $4.63.

Insiders Place Their Bets

In other news, CEO Francis S. Soistman, Jr. purchased 50,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $4.07 per share, with a total value of $203,500.00. Following the acquisition, the chief executive officer now directly owns 907,875 shares of the company’s stock, valued at $3,695,051.25. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Francis S. Soistman, Jr. bought 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $4.07 per share, with a total value of $203,500.00. Following the acquisition, the chief executive officer now owns 907,875 shares of the company’s stock, valued at approximately $3,695,051.25. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO John J. Stelben purchased 20,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average cost of $4.16 per share, for a total transaction of $83,200.00. Following the completion of the acquisition, the chief financial officer now owns 515,565 shares of the company’s stock, valued at approximately $2,144,750.40. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 80,365 shares of company stock valued at $329,404. Company insiders own 4.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EHTH. Craig Hallum reduced their price target on eHealth from $6.00 to $5.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of eHealth from $5.00 to $2.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. Finally, StockNews.com upgraded shares of eHealth from a “sell” rating to a “hold” rating in a report on Tuesday.

eHealth Company Profile

eHealth, Inc operates a health insurance marketplace that provides consumer engagement, education, and health insurance enrollment solutions in the United States. The company operates in two segments, Medicare; and Employer and Individual. The Medicare segment offers sale of Medicare-related health insurance plans, which includes Medicare advantage, Medicare Supplement, and Medicare Part D prescription drug plans to Medicare-eligible customers including but not limited to, dental, and vision insurance, as well as advertising program for marketing and other services.