Market Overview

UPDATE: Bank of America Reiterates Underperform Rating, Lowers PT on eHealth on Slight Q4 Miss

Related EHTH
20 Stocks Which Rallied Three Days On Increasing Volume
18 Stocks That Rallied For Three Days On Increasing Volume, No News

In a report published Friday, Bank of America reiterated its Underperform rating on eHealth (NASDAQ: EHTH), but lowered its price target from $28.00 to $26.00.

Bank of America noted, “eHealth reported Q4 rev/non-GAAP EPS of $45.3mn/$0.18, slightly below Street at $46.2mn/$0.20. Downside was largely driven by Medicare growing just 6% y/y (vs. 93% in Q3) due to the segment comping against a higher one-time lead generation fees vs. longer-term recurring fees. On a positive note, IFP submitted application volume of 113,600 sequentially accelerated 550bp to 10.1% y/y while average commission rev per member increased 1.6% y/y to $39.07. We are maintaining our Underperform while lowering our PO to $26 (from $28) based on 15x (down from 17x) our 2014 FCF/share estimate plus ~$6.61/cash per share.”

eHealth closed on Thursday at $25.40.

Latest Ratings for EHTH

Aug 2016Craig-HallumUpgradesHoldBuy
Jul 2016JefferiesMaintainsHold
Jul 2016Craig-HallumDowngradesBuyHold

View More Analyst Ratings for EHTH
View the Latest Analyst Ratings

Posted-In: Bank of AmericaAnalyst Color Price Target Analyst Ratings


Related Articles (EHTH)

View Comments and Join the Discussion!