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    EHTH   US28238P1093

EHEALTH, INC.

(EHTH)
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The Law Offices of Frank R. Cruz : Announces Investigation of eHealth, Inc. (EHTH) on Behalf of Investors

08/19/2021 | 10:01am EDT

The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of eHealth, Inc. (“eHealth” or the “Company”) (NASDAQ: EHTH) concerning whether the board breached its fiduciary duties to shareholders.

If you are a shareholder, click here to participate.

On April 8, 2020, Muddy Waters Capital published a report alleging that eHealth’s “highly aggressive accounting masks . . . a significantly unprofitable business,” “that the key driver of growth since 2018 has been [eHealth’s] reliance on Direct Response television advertising, which attracts an unprofitable, high churn enrollee,” and that eHealth’s “assumptions in its LTV model seem highly aggressive when compared to reality.”

On this news, the Company’s stock price fell $27.37, or 21%, to close at $103.20 per share on April 8, 2020, thereby injuring investors.

Then on July 23, 2020, eHealth announced its financial results for second quarter 2020 which confirmed substantive aspects of the “member churn” allegations contained in the Muddy Waters report.

On this news, the Company’s stock price fell $34.83, or 30%, to close at $79.17 per share on July 24, 2020, thereby injuring investors further.

Our investigation concerns whether the Company’s board of directors breached its fiduciary duties to shareholders and/or grossly mismanaged the Company in connection with the above alleged misconduct

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you still hold eHealth shares purchased before December, 2020 and wish to discuss this matter with us, or have any questions concerning your rights and interests with regards to this matter, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


ę Business Wire 2021
All news about EHEALTH, INC.
10/14EHEALTH : to Kick Off Medicare's Annual Enrollment Period With Enhanced Quality Initiative..
PR
10/07EHEALTH, INC. : Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
PR
10/07EHEALTH : Marks Milestones as It Looks Toward Medicare's Annual Enrollment Period
PR
09/23EHEALTH : Names Fran Soistman as CEO
MT
09/23EHEALTH : Scott Flanders Transitioning Out After Thirteen Years as Board of Directors Memb..
PU
09/23EHEALTH, INC. : Change in Directors or Principal Officers, Financial Statements and Exhibi..
AQ
09/23EHEALTH : Announces Leadership Transition
PR
09/23EHealth, Inc. Announces Executive Changes
CI
09/23EHealth, Inc. Announces Executive Changes, Effective November 1, 2021
CI
09/20EHEALTH : Appoints New CFO
MT
More news
Analyst Recommendations on EHEALTH, INC.
More recommendations
Financials (USD)
Sales 2021 691 M - -
Net income 2021 40,3 M - -
Net cash 2021 181 M - -
P/E ratio 2021 36,3x
Yield 2021 -
Capitalization 1 213 M 1 213 M -
EV / Sales 2021 1,49x
EV / Sales 2022 1,44x
Nbr of Employees 1 960
Free-Float 65,6%
Chart EHEALTH, INC.
Duration : Period :
eHealth, Inc. Technical Analysis Chart | EHTH | US28238P1093 | MarketScreener
Technical analysis trends EHEALTH, INC.
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 46,31 $
Average target price 74,67 $
Spread / Average Target 61,2%
EPS Revisions
Managers and Directors
Scott N. Flanders Chief Executive Officer & Director
Christine A. Janofsky Chief Financial Officer & Senior Vice President
Dale B. Wolf Chairman
Michael D. Goldberg Independent Director
Randall S. Livingston Independent Director
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