eHealth (NASDAQ:EHTH) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of eHealth (NASDAQ:EHTH) from a hold rating to a sell rating in a research note published on Thursday morning.

Several other research analysts have also recently issued reports on the company. Royal Bank of Canada dropped their price target on eHealth from $13.00 to $11.00 and set a “sector perform” rating on the stock in a report on Monday, November 25th. UBS Group began coverage on eHealth in a research report on Wednesday, December 4th. They set a “neutral” rating and a $5.50 target price on the stock. Finally, Craig Hallum raised eHealth from a “hold” rating to a “buy” rating and upped their target price for the company from $5.00 to $7.00 in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $6.38.

eHealth Trading Down 0.9 %

Shares of EHTH stock opened at $8.81 on Thursday. The stock has a 50-day simple moving average of $9.71 and a 200 day simple moving average of $6.51. The stock has a market capitalization of $261.08 million, a P/E ratio of -3.09 and a beta of 0.32. eHealth has a fifty-two week low of $3.58 and a fifty-two week high of $11.36. 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 posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.20. eHealth had a negative net margin of 7.58% and a negative return on equity of 5.70%. The company had revenue of $315.18 million during the quarter, compared to analyst estimates of $293.47 million. On average, sell-side analysts expect that eHealth will post -2.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On eHealth

Several institutional investors and hedge funds have recently added to or reduced their stakes in EHTH. R Squared Ltd purchased a new stake in shares of eHealth in the fourth quarter valued at $29,000. Public Employees Retirement System of Ohio raised its position in eHealth by 40.7% during the third quarter. Public Employees Retirement System of Ohio now owns 12,451 shares of the financial services provider’s stock valued at $51,000 after buying an additional 3,600 shares during the period. Graham Capital Management L.P. purchased a new stake in eHealth in the 4th quarter worth about $110,000. Prudential Financial Inc. acquired a new stake in eHealth during the 4th quarter worth about $111,000. Finally, SkyView Investment Advisors LLC grew its stake in eHealth by 28.7% during the 3rd quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 6,694 shares in the last quarter. 79.54% of the stock is currently owned by hedge funds and other institutional investors.

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.