EHTH Alert: Bronstein, Gewirtz & Grossman, LLC Notifies eHealth, Inc. Investors of and Encourages Investors to Contact the Firm
NEW YORK, Feb. 4, 2022 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against eHealth, Inc. ("eHealth" or the "Company") (NASDAQ: EHTH) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired eHealth securities between April 26, 2018 and July 23, 2020, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/ehth.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
On November 8, 2021, eHealth issued a press release announcing its financial results for the third quarter of 2021. Among other items, eHealth announced earnings per share and revenue that fell short of consensus estimates. eHealth also revised its full-year revenue guidance sharply downward, to a range of $535 million to $575 million, compared to previous guidance of $660 million to $700 million, and advised investors that it expected a GAAP net loss in the range of $43 million to $63 million compared to previous guidance of GAAP net income of $42 million to $57 million. On this news, eHealth's stock price fell $10.36 per share, or 25.59%, to close at $30.06 per share on November 8, 2021.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/ehth or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in eHealth you have until March 18, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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