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

Shares of eHealth, Inc. (NASDAQ:EHTH) have received an average rating of “Reduce” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $2.19.

Several equities research analysts recently weighed in 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 report on Wednesday, August 5th. Royal Bank Of Canada decreased their target price on shares of eHealth from $3.00 to $2.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 25th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of eHealth in a research report on Thursday, August 13th.

eHealth Stock Performance

Shares of NASDAQ:EHTH opened at $0.76 on Monday. The company has a market capitalization of $24.20 million, a P/E ratio of -0.65 and a beta of 1.51. eHealth has a 1 year low of $0.75 and a 1 year high of $5.89. The company has a debt-to-equity ratio of 0.21, a current ratio of 5.12 and a quick ratio of 5.12. The business’s 50 day simple moving average is $1.14 and its 200 day simple moving average is $1.45.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings data 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 for 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 anticipate that eHealth will post 0.8 EPS for the current fiscal year.

Insider Transactions at eHealth

In other eHealth news, Director Francis Soistman, Jr. sold 37,297 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $1.05, for a total transaction of $39,161.85. Following the completion of the transaction, the director directly owned 1,015,221 shares in the company, valued at $1,065,982.05. The trade was a 3.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 7.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On eHealth

A number of large investors have recently modified their holdings of EHTH. Squarepoint Ops LLC bought a new position in shares of eHealth in the 2nd quarter valued at $125,000. Susquehanna International Group LLP boosted its stake in eHealth by 103.1% in the second quarter. Susquehanna International Group LLP now owns 97,843 shares of the financial services provider’s stock valued at $146,000 after buying an additional 49,673 shares in the last quarter. Nantahala Capital Management LLC acquired a new stake in eHealth in the second quarter valued at about $2,624,547. Palo Alto Investors LP bought a new position in eHealth in the second quarter valued at about $2,209,368. Finally, Bank of America Corp DE bought a new position in eHealth in the second quarter valued at about $252,000. Institutional investors and hedge funds own 79.54% of the company’s stock.

eHealth Company Profile

eHealth, Inc (NASDAQ:EHTH) operates an online health insurance marketplace that helps consumers compare, research and enroll in health insurance and related coverage. Through its digital platforms, the company provides information about available plans, eligibility and benefits, and connects individuals with insurance products offered by a range of carriers.

The company’s offerings primarily include Medicare Advantage, Medicare Supplement and prescription drug plans, as well as individual and family health insurance plans available through public and private marketplaces.