eHealth (NASDAQ:EHTH) Raised to Buy at StockNews.com

StockNews.com upgraded shares of eHealth (NASDAQ:EHTH) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.

eHealth Price Performance

Shares of NASDAQ:EHTH opened at $5.92 on Thursday. eHealth has a 52 week low of $3.58 and a 52 week high of $11.36. The company has a 50-day moving average price of $7.85 and a 200 day moving average price of $7.22. The company has a market cap of $177.26 million, a P/E ratio of -2.08 and a beta of 0.81. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.14.

eHealth (NASDAQ:EHTH) last issued its earnings results on Wednesday, February 26th. The financial services provider reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.20. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. The business had revenue of $315.18 million during the quarter, compared to the consensus estimate of $293.47 million. Research analysts predict that eHealth will post -2.17 earnings per share for the current year.

Hedge Funds Weigh In On eHealth

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. lifted its stake in shares of eHealth by 4.0% in the fourth quarter. American Century Companies Inc. now owns 46,422 shares of the financial services provider’s stock valued at $436,000 after purchasing an additional 1,772 shares during the period. R Squared Ltd purchased a new stake in shares of eHealth during the 4th quarter worth approximately $29,000. Public Employees Retirement System of Ohio grew its holdings in shares of eHealth by 40.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,451 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 3,600 shares during the period. Sei Investments Co. increased its stake in eHealth by 5.3% in the 4th quarter. Sei Investments Co. now owns 110,728 shares of the financial services provider’s stock valued at $1,041,000 after purchasing an additional 5,622 shares in the last quarter. Finally, SkyView Investment Advisors LLC raised its holdings in eHealth by 28.7% during the third quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 6,694 shares during the last quarter. 79.54% of the stock is owned by institutional investors and hedge funds.

eHealth Company Profile

eHealth, Inc operates a health insurance marketplace that provides consumer engagement, education, and health insurance enrollment solutions in the United States. The company operates in two segments, Medicare; and Employer and Individual. The Medicare segment offers sale of Medicare-related health insurance plans, which includes Medicare advantage, Medicare Supplement, and Medicare Part D prescription drug plans to Medicare-eligible customers including but not limited to, dental, and vision insurance, as well as advertising program for marketing and other services.