The Shareholders Foundation announced that an investor, who purchased shares of eHealth, Inc. (NASDAQ:EHTH), filed a lawsuit in the U.S. District Court for the Northern District of California over alleged violations of Federal Securities Laws by eHealth, Inc. in connection with certain allegedly false and misleading statements made between October 31, 2014 and January 14, 2015.
Investors who purchased shares of eHealth, Inc. (NASDAQ:EHTH) have certain options and for certain investors are short and strict deadlines running. Deadline: March 27, 2015. NASDAQ:EHTH investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of eHealth, Inc. (NASDAQ:EHTH) common shares between October 31, 2014 and January 14, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 31, 2014 and January 14, 2015 eHealth, Inc. and certain of its officers and directors issued materially false and misleading statements about the Company’s true financial condition and prospects
On February 14, 2013 eHealth, Inc announced its fourth quarter and fiscal 2012 results. eHealth, Inc reported that its annual Total Revenue rose from $151.65 million in 2011 to $155.47 million in 2012 and that its respective Net Income increased from $6.72 million to $7.08 million. Shares of eHealth, Inc grew from $15.02 per share in March 2013 to as high as $61.66 per share in January 2014.
On February 20, 2014, eHealth, Inc reported its fourth quarter and fiscal 2013 results. eHealth, Inc. reported that its annual Total Revenue rose from $155.47 million in 2012 to $179.18 million in 2013 and that its Net Income declined from $7.08 million in 2012 to $1.72 million in 2013.
On May 1, 2014, eHealth, Inc. announced its first quarter 2014 results. eHealth, Inc. reported that Revenue for the first quarter of 2014 totaled $50.9 million, an 18% increase compared to revenue of $43.2 million for the first quarter of 2013. eHealth, Inc also said that is reaffirming guidance for the full year ending December 31, 2014 and that total revenue is expected to be in the range of $206 million to $213 million.
On July 30, 2014, eHealth, Inc. announced its second quarter 2014 results. eHealth, Inc. reported revenue for the second quarter of 2014 totaled $42.6 million, a 7% increase compared to revenue of $39.8 million for the second quarter of 2013. eHealth, Inc. also revised its guidance for the full year ending December 31, 2014 and said that Total revenue is expected to be in the range of $185 million to $194 million, compared to previous guidance of $206 million to $213 million. Shares of eHealth, Inc declined from over $61 per share in January 2014 to as low as $18.70 per share on August 1, 2014.
On October 30, 2014, eHealth, Inc. announced its third quarter 2014 results. eHealth, Inc. reported Revenue for the third quarter of 2014 totaled $41.2 million, a 2% decrease compared to revenue of$42.0 million for the third quarter of 2013. Nevertheless, eHealth, Inc. reaffirmed its guidance for the full year ending December 31, 2014 and said that total revenue is expected to be in the range of $185 million to $194 million.
Shares of eHealth, Inc grew to as high as $29.20 per share on December 18, 2014.
Then on January 14, 2015, eHealth, Inc. announced its preliminary results for the fourth quarter and fiscal year 2014. eHealth, Inc. said that Revenue for the fiscal year 2014 is expected to be in the range of $178 million to $180 million, compared to the company’s guidance of $185 million to $194 million.
The CFO of eHealth, Inc. said that fourth quarter revenues and earnings were impacted by a shortfall in eHealth, Inc’s Individual & Family Plan sponsorship and advertising and other ancillary revenues driven by lower than expected Individual & Family Plan application volumes and by the timing of several million dollars of Medicare revenues which were pushed out into the first quarter of 2015. CFO of eHealth, Inc. also said that fourth quarter earnings were also impacted by the fact that eHealth, Inc spent considerably more than it planned on Medicare marketing costs due primarily to stronger than expected application growth in its Medicare business. On January 16, 2015, shares of eHealth, Inc. (NASDAQ:EHTH) dropped to as low as $8.88 per share.
On February 3, 2015, NASDAQ:EHTH shares closed at $10.92 per share.
Those who purchased shares of eHealth, Inc. (NASDAQ:EHTH) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com