eHealth, Inc. (NASDAQ:EHTH) Receives Consensus Recommendation of “Reduce” from Brokerages

eHealth, Inc. (NASDAQ:EHTH) has been assigned a consensus recommendation of “Reduce” from the six brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $2.1875.

A number of equities analysts have commented on the stock. UBS Group reduced their price target on shares of eHealth from $2.00 to $1.75 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of eHealth in a report on Thursday, August 13th. Royal Bank Of Canada cut their target price on shares of eHealth from $3.00 to $2.00 and set a “sector perform” rating for the company in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $3.00 target price on shares of eHealth in a report on Friday, May 8th.

Hedge Funds Weigh In On eHealth

Several institutional investors have recently bought and sold shares of the business. Nantahala Capital Management LLC bought a new stake in eHealth during the 2nd quarter worth about $2,624,547,000. Palo Alto Investors LP acquired a new stake in eHealth in the 2nd quarter valued at about $2,209,368,000. Ieq Capital LLC bought a new position in shares of eHealth in the second quarter worth about $107,000. Callan Family Office LLC bought a new position in shares of eHealth in the second quarter worth about $26,000. Finally, GSA Capital Partners LLP bought a new position in shares of eHealth in the second quarter worth about $494,000. Institutional investors own 79.54% of the company’s stock.

eHealth Stock Down 0.8%

Shares of NASDAQ EHTH opened at $1.19 on Thursday. eHealth has a 52-week low of $1.19 and a 52-week high of $5.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 5.12 and a current ratio of 5.12. The business has a fifty day moving average of $1.43 and a two-hundred day moving average of $1.56. The stock has a market cap of $38.12 million, a PE ratio of -1.03 and a beta of 1.49.

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

About eHealth

eHealth, Inc operates one of the largest online private health insurance exchanges in the United States. The company’s platform enables consumers to compare, select and enroll in individual, family and small-group health insurance plans offered by a broad network of licensed insurance carriers. In addition to Affordable Care Act–compliant offerings, eHealth provides dedicated services for Medicare Advantage, Medicare Supplement and Medicare Part D prescription drug plans, helping seniors navigate the complexities of Medicare coverage.

Through its digital marketplace, eHealth delivers real-time quotes, detailed plan comparisons and enrollment processing.