Brokerages Set eHealth, Inc. (NASDAQ:EHTH) Target Price at $2.19

eHealth, Inc. (NASDAQ:EHTH) has earned a consensus rating of “Reduce” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $2.1875.

A number of equities analysts recently commented on the stock. UBS Group decreased their price objective on shares of eHealth from $2.00 to $1.75 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Royal Bank Of Canada cut their target price on shares of eHealth from $3.00 to $2.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 25th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of eHealth in a report on Thursday, August 13th.

eHealth Trading Down 4.2%

NASDAQ:EHTH opened at $0.84 on Monday. The firm has a market capitalization of $27.03 million, a P/E ratio of -0.73 and a beta of 1.51. The business has a 50 day simple moving average of $1.17 and a 200 day simple moving average of $1.46. The company has a debt-to-equity ratio of 0.21, a current ratio of 5.12 and a quick ratio of 5.12. eHealth has a 12-month low of $0.83 and a 12-month high of $5.89.

eHealth (NASDAQ:EHTH) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported ($1.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.84) by ($0.34). eHealth had a return on equity of 6.13% and a net margin of 5.42%.The business had revenue of $33.57 million during the quarter, compared to the consensus estimate of $33.28 million. Equities research analysts predict that eHealth will post 0.8 EPS for the current year.

Insider Buying and Selling

In other news, Director Francis Soistman, Jr. sold 37,297 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $1.05, for a total transaction of $39,161.85. Following the completion of the sale, the director owned 1,015,221 shares in the company, valued at approximately $1,065,982.05. This represents a 3.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 7.20% of the stock is owned by corporate insiders.

Institutional Trading of eHealth

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in eHealth during the second quarter worth about $2,000,000. Palo Alto Investors LP bought a new stake in shares of eHealth in the 2nd quarter valued at approximately $2,209,368. Nantahala Capital Management LLC acquired a new position in shares of eHealth in the 2nd quarter worth approximately $2,624,547. Susquehanna International Group LLP raised its holdings in shares of eHealth by 103.1% in the 2nd quarter. Susquehanna International Group LLP now owns 97,843 shares of the financial services provider’s stock worth $146,000 after buying an additional 49,673 shares in the last quarter. Finally, Ieq Capital LLC bought a new position in shares of eHealth during the 2nd quarter worth approximately $107,000. 79.54% of the stock is currently owned by institutional investors and hedge funds.

About eHealth

eHealth, Inc (NASDAQ:EHTH) operates an online health insurance marketplace that helps consumers compare, research and enroll in health insurance and related coverage. Through its digital platforms, the company provides information about available plans, eligibility and benefits, and connects individuals with insurance products offered by a range of carriers.

The company’s offerings primarily include Medicare Advantage, Medicare Supplement and prescription drug plans, as well as individual and family health insurance plans available through public and private marketplaces.