Company Description:
eHealth Inc. (NASDAQ:EHTH) is a leading health insurance marketplace that offers consumers to research, compare and purchase Medicare insurance plans as well as individual & family insurance plans.
Price (as of close of Dec. 5, 2019) - $90.24
Rating - BUY
Price Target - $116.00
EHTH delivers another strong quarter exceeding our estimates. We expect robust growth to continue in Q4. Management is guiding for 2019 results at the high end of the guidance range. We maintain our BUY rating while increasing our target price to $116 from $103.
52-Week Range Shares Outstanding | $33.66-$112.22 23.1 million | Total Debt Debt/Equity | $0.0 mil 0% |
Insider/Institutional | 5.1%/85.7% | ROE (LTM) | 8.6% |
Public Float | 22.1 million | Book Value/Share | $18.3 |
Market Capitalization | $2,131 million | Daily Volume (3 mo. Avg.) | 853,866 |
FYE DEC | FY 2018A | FY 2019E | FY 2020E | ||
EPS ($) | ACTUAL | CURRENT | PREVIOUS | CURRENT | PREVIOUS |
Q1 Mar | $(0.07)A | $0.33A | $0.33A | $0.37E | $0.38E |
Q2 Jun | $(0.40)A | $0.10A | $0.10A | $0.04E | $0.04E |
Q3 Sep | $(0.22)A | $(0.43)A | $(0.58)E | $(0.64)E | $(0.69)E |
Q4 Dec | $1.71A | $2.23E | $2.09E | $2.77E | $2.60E |
Year* | $1.10A | $2.23E | $1.94E | $2.54E | $2.33E |
P/E Ratio | 54.1x | 41.3x | 36.3x | ||
Change | -34.7% | 102.3% | 13.8% | ||
FYE DEC | FY 2018A | FY 2019E | FY 2020E | ||
Revenue ($ mil.) | ACTUAL | CURRENT | PREVIOUS | CURRENT | PREVIOUS |
Q1 Mar | $43.0A | $68.7A | $68.7A | $86.6E | $86.6E |
Q2 Jun | $32.6A | $65.7A | $65.7A | $79.9E | $79.9E |
Q3 Sep | $40.7A | $69.9A | $57.7E | $84.0E | $69.4E |
Q4 Dec | $134.9A | $179.7E | $192.4E | $230.8E | $247.2E |
Year* | $251.4A | $384.2E | $384.7E | $481.4E | $483.1E |
Change | 31.8% | 52.8% | 25.3% | ||
* Numbers may not add up due to rounding.
* All numbers are non-GAAP.
Q3 '19 Highlights
- Q3 '19 revenues increased 72% YOY to $69.9 million, reflecting growth across both Medicare (+75% YOY) and individual, family & small business (+59% YOY) segments.
- In the Medicare business, total submitted applications increased 66%, total approved members rose 70%, and
Best of the Uncovereds offers new initiation reports on roughly two dozen companies per year, with a focus on under-followed small and mid caps with significant potential. We provide a quarterly earnings update reports on all companies covered, as well as flash reports on significant news announcements by companies. We go further for members, providing recorded interviews with management teams of covered companies when available and a monthly quantitative-based "Market Indicators and Strategy Report."
