New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 18, 2014
08:19 EDTEHTHeHealth weakness creates attractive entry point, says Jefferies
Jefferies believes the recent weakness in shares of eHealth has created an attractive entry point into the name. The firm thinks concerns of individual membership erosion is priced into the stock and its sees more upside potential than downside risk into eHealth's Q4 results on Thursday. Jefferies has a Buy rating on the stock with a $56 price target.
News For EHTH From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 22, 2015
13:02 EDTEHTHJoseph Harrosh reports 5.87% passive stake in eHealth
Subscribe for More Information
January 20, 2015
07:40 EDTEHTHeHealth upgraded to Hold from Sell at Stifel
Subscribe for More Information
January 16, 2015
10:01 EDTEHTHOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:01 EDTEHTHeHealth price target lowered to $14 from $40 at SunTrust
SunTrust cut its price target on eHealth after the company preannounced much weaker than expected results and failed to adequately explain the causes for the miss, according to the firm. However, the firm thinks the company has a number of potential positive catalysts and keeps a Buy rating.
06:12 EDTEHTHeHealth downgraded to Market Perform from Outperform at Cowen
January 15, 2015
12:26 EDTEHTHOn The Fly: Midday Wrap
Subscribe for More Information
12:01 EDTEHTHeHealth plummets after Q4, FY14 outlooks trail estimates
Subscribe for More Information
11:22 EDTEHTHeHealth downgraded to Market Perform from Outperform at William Blair
Subscribe for More Information
January 14, 2015
17:14 EDTEHTHeHealth down 45% following Q4, FY14 guidance
Subscribe for More Information
16:52 EDTEHTHeHealth to resume trading at 5:10pm ET
Subscribe for More Information
16:45 EDTEHTHeHealth says Q4 submitted applications for Medicare Advantage up 46%
Fourth quarter 2014 submitted applications for Medicare Advantage and Medicare Supplement products combined grew 46% to approximately 48,700 applications, compared to approximately 33,400 applications in the fourth quarter of 2013. The number of submitted applications for all Medicare products which also includes Prescription Drug Plans, grew 22% to approximately 64,800 applications, compared to approximately 53,000 applications in the fourth quarter of 2013. Fourth quarter 2014 submitted applications for IFP products declined approximately 41% to 100,000 applications covering over 150,000 individuals. Stuart Huizinga, CFO of eHealth, commented on the fourth quarter preliminary financial results, "Fourth quarter revenues and earnings were impacted by a shortfall in our Individual & Family Plan sponsorship and advertising and other ancillary revenues driven by lower than expected IFP application volumes and by the timing of several million dollars of Medicare revenues which were pushed out into the first quarter of 2015. In addition, fourth quarter earnings were impacted by the fact that we spent considerably more than we planned on Medicare marketing costs due primarily to stronger than expected application growth in our Medicare business. We will provide more detail on the preliminary fourth quarter results during tomorrow's conference call."
16:44 EDTEHTHeHealth sees FY14 adjusted EPS (13c)-(4c), may not compare to consensus 5c
Subscribe for More Information
16:42 EDTEHTHeHealth sees Q4 adjusted EPS (56c)-(47c), may not compare to consensus (11c)
Sees Q4 revenue $43M-$45M, consensus $52.63M. Gary Lauer, CEO of eHealth, stated, "During the fourth quarter, we completed a successful Medicare Annual Enrollment Period generating Medicare application growth above our expectations. As a result we spent considerably more on Medicare marketing during the fourth quarter than we planned. In our Individual & Family Plan business we are currently in the middle of the 2015 Open Enrollment Period. Our fourth quarter submitted IFP applications fell short of our expectations, and notably we had half the number of selling days under the Open Enrollment in the fourth quarter of 2014 compared to a year ago. Because we've historically experienced consumer demand in our market increase around major application deadlines, we expect to see strong IFP application volumes during the second half of this Open Enrollment Period and especially in the first two weeks of February just before it ends on February 15th."

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use