eHealth (EHTH) Set to Announce Earnings on Wednesday

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

eHealth Stock Performance

NASDAQ:EHTH traded up $0.01 on Wednesday, hitting $5.01. 34,418 shares of the stock were exchanged, compared to its average volume of 256,914. eHealth has a 52 week low of $3.58 and a 52 week high of $9.45. The stock has a market capitalization of $147.32 million, a price-to-earnings ratio of -1.85 and a beta of 0.53. The company's 50-day moving average price is $4.24 and its 200 day moving average price is $4.62.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Craig Hallum lowered their target price on shares of 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 cut their target price on eHealth from $5.00 to $2.00 and set a "hold" rating on the stock in a research note on Wednesday, August 14th. Finally, StockNews.com downgraded shares of eHealth from a "hold" rating to a "sell" rating in a research report on Monday.

Insider Activity

In related news, SVP Gavin G. Galimi bought 10,365 shares of the company's stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $4.12 per share, for a total transaction of $42,703.80. Following the acquisition, the senior vice president now owns 185,290 shares of the company's stock, valued at approximately $763,394.80. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other news, SVP Gavin G. Galimi purchased 10,365 shares of eHealth stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $4.12 per share, with a total value of $42,703.80. Following the transaction, the senior vice president now directly owns 185,290 shares in the company, valued at $763,394.80. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO John J. Stelben acquired 20,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $4.16 per share, for a total transaction of $83,200.00. Following the completion of the acquisition, the chief financial officer now directly owns 515,565 shares of the company's stock, valued at $2,144,750.40. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 80,365 shares of company stock worth $329,404 in the last 90 days. Corporate insiders own 4.10% of the company's stock.

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.