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eHealth remains buy at Cantor

March 17, 2017

Cantor Fitzgerald reiterated an Overweight rating and $15.00 price target on eHealth (NASDAQ: EHTH).

Analyst Steven Halper commented, “We maintain our Overweight rating and $15 price target on EHTH shares. Within our healthcare IT coverage list, eHealth was the most impacted from the implementation of the Patient Protection and Affordable Care Act (PPACA). At its peak in 2013, the company had almost 800,000 members who purchased individual and family plan (IFP) health insurance policies. At year end, the company had just over 300,000 IFP members. The decline was attributable to PPACA and the fact that many consumers purchased insurance at the state and federal insurance exchanges. EHTH could be a net beneficiary from changes to PPACA. At the same time, the company continues to grow its Medicare business and is investing in the small group market. The shares remain undervalued at current levels, in our opinion.”


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