eHealth (NASDAQ:EHTH) Lowered to “Hold” Rating by Craig Hallum

eHealth (NASDAQ:EHTH) was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating in a research report issued on Thursday,Finviz reports. They currently have a $2.00 target price on the financial services provider’s stock. Craig Hallum’s price objective indicates a potential upside of 5.82% from the company’s previous close.

Several other brokerages also recently weighed in on EHTH. Royal Bank Of Canada decreased their target price on shares of eHealth from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 25th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of eHealth in a report on Monday, December 29th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $5.33.

eHealth Trading Up 8.6%

NASDAQ:EHTH opened at $1.89 on Thursday. The company has a market capitalization of $58.14 million, a PE ratio of -7.27 and a beta of 1.21. eHealth has a 52-week low of $1.41 and a 52-week high of $9.50. The stock’s 50 day moving average price is $3.21 and its 200 day moving average price is $3.84. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.14.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.38 by ($0.32). The firm had revenue of $326.24 million during the quarter, compared to analysts’ expectations of $318.25 million. eHealth had a net margin of 8.14% and a return on equity of 5.62%. On average, research analysts anticipate that eHealth will post -2.17 EPS for the current year.

Institutional Investors Weigh In On eHealth

Hedge funds and other institutional investors have recently bought and sold shares of the business. J. Goldman & Co LP purchased a new position in eHealth in the fourth quarter valued at about $3,134,000. Nantahala Capital Management LLC increased its stake in eHealth by 34.3% in the 3rd quarter. Nantahala Capital Management LLC now owns 1,761,441 shares of the financial services provider’s stock valued at $7,592,000 after purchasing an additional 450,000 shares in the last quarter. Mackenzie Financial Corp acquired a new position in eHealth during the third quarter worth $1,711,000. Geode Capital Management LLC boosted its position in eHealth by 101.3% during the second quarter. Geode Capital Management LLC now owns 711,762 shares of the financial services provider’s stock worth $3,097,000 after purchasing an additional 358,192 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in eHealth by 74.3% in the first quarter. Millennium Management LLC now owns 705,704 shares of the financial services provider’s stock valued at $4,714,000 after purchasing an additional 300,792 shares during the last quarter. Institutional investors and hedge funds own 79.54% of the company’s stock.

eHealth Company Profile

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.