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

Shares of eHealth, Inc. (NASDAQ:EHTH) have been assigned a consensus rating of “Reduce” from the six analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $2.4375.

A number of equities research analysts have recently issued reports on EHTH shares. UBS Group cut 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. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $3.00 target price on shares of eHealth in a research report on Friday, May 8th. Weiss Ratings reissued a “sell (d)” rating on shares of eHealth in a research note on Monday, May 18th. Finally, Zacks Research upgraded shares of eHealth from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th.

Institutional Trading of eHealth

Large investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of eHealth in the 2nd quarter worth about $2,000,000. J. Goldman & Co LP bought a new position in eHealth during the 4th quarter valued at about $3,134,000. Nantahala Capital Management LLC boosted its holdings in eHealth by 34.3% in the third quarter. Nantahala Capital Management LLC now owns 1,761,441 shares of the financial services provider’s stock worth $7,592,000 after purchasing an additional 450,000 shares during the last quarter. Mackenzie Financial Corp purchased a new position in shares of eHealth in the 3rd quarter worth $1,711,000. Finally, Geode Capital Management LLC increased 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 valued at $3,097,000 after acquiring an additional 358,192 shares during the last quarter. 79.54% of the stock is owned by institutional investors.

eHealth Price Performance

eHealth stock opened at $1.37 on Friday. The stock has a market cap of $43.48 million, a price-to-earnings ratio of -1.18 and a beta of 1.49. The company has a quick ratio of 3.67, a current ratio of 5.12 and a debt-to-equity ratio of 0.21. The business has a 50-day simple moving average of $1.54 and a 200 day simple moving average of $1.74. eHealth has a 52 week low of $1.20 and a 52 week high of $5.89.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings results on Tuesday, August 4th. The financial services provider reported ($1.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.84) by ($0.34). The company 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%. On average, research analysts forecast that eHealth will post 0.69 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.