FBR Capital Remains Bullish on eHealth (EHTH) Following CFO Resignation

FBR Capital reiterated an Outperform rating and $17.00 price target on eHealth (NASDAQ: EHTH) following the company's announced departure of long-time CFO, Stuart Huizinga. The resignation will go into effect September 30th. The company has named David Francis as CFO.

Analyst Steven Halper commented, "This morning, July 11, eHealth announced that long-time CFO, Stuart Huizinga will resign from the company as of September 30, 2016. Mr. Huizinga had been with eHealth since 2000. The resignation comes on the heels of the departure of its long-time CEO, Gary Lauer, this past May. Mr. Lauer was replaced by Scott Flanders, who was previously the CEO of Playboy Enterprises. The company has named David Francis as CFO. Mr. Francis, up until recently served as Managing Director, Equity Research at RBC Capital Markets. Mr. Francis is a long-time sell side analyst focused on healthcare IT and healthcare services stocks."

For an analyst ratings summary and ratings history on eHealth click here. For more ratings news on eHealth click here.

Shares of eHealth closed at $13.73 yesterday.

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