Ehealth Receives a Buy from Cantor Fitzgerald

By Ryan Adsit

Cantor Fitzgerald analyst Steven Halper reiterated a Buy rating on Ehealth (NASDAQ: EHTH) today and set a price target of $20. The company’s shares opened today at $17.85, close to its 52-week high of $18.27.

Halper said:

“Today, the Centers for Medicare and Medicaid Services (CMS) announced that online enrollment for small businesses would be removed from The SHOP program had very little impact on eHealth but the decision may be an indicator of CMS’ next step regarding individual exchanges.”

According to, Halper is a top 100 analyst with an average return of 19.3% and a 74.0% success rate. Halper covers the Technology sector, focusing on stocks such as Castlight Health, Quality Systems, and Evolent Health.

Currently, the analyst consensus on Ehealth is Strong Buy and the average price target is $20, representing a 12.0% upside.

In a report issued on May 11, SunTrust Robinson also maintained a Buy rating on the stock with a $22 price target.

Ehealth’s market cap is currently $325.3M and has a P/E ratio of 32.09. The company has a book value ratio of 2.8824.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. Last month, James E. Flynn, a Major Shareholder at EHTH sold 426,954 shares for a total of $4,978,115.

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eHealth, Inc. offers Internet-based health insurance agency services for individuals, families and small businesses. Its ecommerce platform enables consumers to compare and contrast health insurance plans in a side-by-side format based on plan characteristics such as price, plan type, deductible amount, co-payment amount and in-network and out-of-network benefits. It offer online comparison and recommendation tools that condense voluminous health insurance information. The company was founded by Vipool Mohanlal Patel in November 14, 1997 and is headquartered in Mountain View, CA.