eHealth (NASDAQ:EHTH) changed -0.75% to recent value of $114. The stock transacted 948661 shares during most recent day however it has an average volume of 669.88K shares. It spotted trading -25.09% off 52-week high price. On the other end, the stock has been noted 116.28% away from the low price over the last 52-weeks.
On July 23, 2020, eHealth (NASDAQ:EHTH) a leading private online health insurance marketplace, revealed its financial results for the second quarter ended June 30, 2020.
Scott Flanders, chief executive officer of eHealth stated, eHealth delivered another quarter of strong revenue and Medicare enrollment growth. The number of second quarter Medicare approved members grew ahead of our expectations driven by favorable market dynamics, growth in online enrollments and an increase in agent productivity compared to a year ago. Importantly, this enrollment growth was achieved while also reducing our total acquisition costs per approved Medicare member allowing us to once again exceed our internal forecast for revenue and earnings. Based on the strength of our business and reflecting the capital raise we completed in March, we are increasing our financial guidance for the full year ending 2020.
GAAP — Second Quarter of 2020 Results
Revenue — Revenue for the second quarter of 2020 totaled $88.8 million, a 35% increase compared to $65.8 million for the second quarter of 2019. Commission revenue for the second quarter of 2020 totaled $80.8 million, a 33% increase compared to $60.6 million for the second quarter of 2019. Other revenue for the second quarter of 2020 was $8.0 million, a 55% increase compared to $5.2 million for the second quarter of 2019.
Revenue from our Medicare segment was $80.4 million for the second quarter of 2020, a 54% increase compared to $52.3 million for the second quarter of 2019. Revenue from our Individual, Family and Small Business segment was $8.4 million for the second quarter of 2020, a 38% decrease compared to $13.5 million for the second quarter of 2019.
EHTH has a gross margin of 99.30% and an operating margin of 16.80% while its profit margin remained 13.90% for the last 12 months. Its earnings per share (EPS) expected to touch remained -7.90% for this year while earning per share for the next 5-years is expected to reach at 13.28%.
The company has 24.72M of outstanding shares and 24.54M shares were floated in the market. According to the most recent quarter its current ratio was 8.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of 7.95% from the mean of 20 days, 0.63% from mean of 50 days SMA and performed 9.76% from mean of 200 days price. Company’s performance for the week was 8.25%, 3.04% for month and YTD performance remained 18.65%.