eHealth (NASDAQ:EHTH) Rating Lowered to “Hold” at StockNews.com

eHealth (NASDAQ:EHTH) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Sunday.

Separately, UBS Group cut their price objective on shares of eHealth from $9.50 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $6.75.

eHealth Stock Up 9.0%

EHTH stock opened at $5.58 on Friday. The firm has a 50-day moving average price of $6.42 and a 200-day moving average price of $7.38. The stock has a market capitalization of $169.22 million, a P/E ratio of -1.96 and a beta of 1.11. eHealth has a 12 month low of $3.58 and a 12 month high of $11.36. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.14.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.08. The business had revenue of $113.12 million during the quarter, compared to analyst estimates of $99.46 million. eHealth had a negative net margin of 7.58% and a negative return on equity of 5.70%. As a group, equities research analysts anticipate that eHealth will post -2.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of eHealth by 203.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 537,138 shares of the financial services provider’s stock valued at $3,588,000 after buying an additional 360,126 shares in the last quarter. Truffle Hound Capital LLC lifted its position in shares of eHealth by 185.7% during the 1st quarter. Truffle Hound Capital LLC now owns 200,000 shares of the financial services provider’s stock valued at $1,336,000 after buying an additional 130,000 shares in the last quarter. Jefferies Financial Group Inc. lifted its position in shares of eHealth by 15.6% during the 1st quarter. Jefferies Financial Group Inc. now owns 20,351 shares of the financial services provider’s stock valued at $136,000 after buying an additional 2,751 shares in the last quarter. XTX Topco Ltd lifted its position in shares of eHealth by 296.2% during the 1st quarter. XTX Topco Ltd now owns 61,205 shares of the financial services provider’s stock valued at $409,000 after buying an additional 45,758 shares in the last quarter. Finally, Corton Capital Inc. purchased a new position in shares of eHealth during the 1st quarter valued at about $135,000. 79.54% of the stock is owned by hedge funds and other institutional investors.

About eHealth

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.