BUZZ-EHealth rises on raising annual forecasts

Reuters2024-12-17

** Shares of online insurance marketplace eHealth EHTH.O up about 29% at $7.02 in premarket trading

** Company raises annual revenue forecast to between $500 mln and $520 mln, compared to a prior range of $470 mln to $495 mln

** EHTH expects annual adj. EBITDA to be between $40 mln and $55 mln, vs prior expectations of $7.5 mln to $25 mln

** Company says its annual enrollment period, the period during which medicare beneficiaries can make changes to their health and drug plans, saw an overall YOY improvement and an all-time-high volume of submitted applications in online unassisted category

** Up to Monday's close, stock down about 37% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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