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

eHealth, Inc. (NASDAQ:EHTH) has earned an average rating of “Reduce” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $3.25.

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of eHealth in a report on Monday, May 18th. Craig Hallum cut eHealth from a “buy” rating to a “hold” rating and set a $2.00 price target for the company. in a report on Thursday, February 26th. Royal Bank Of Canada lowered their price target on eHealth from $9.00 to $3.00 and set a “sector perform” rating for the company in a report on Wednesday, March 11th. Zacks Research upgraded eHealth from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $3.00 price target on shares of eHealth in a report on Friday, May 8th.

eHealth Stock Down 2.5%

Shares of NASDAQ:EHTH opened at $1.58 on Tuesday. The stock has a market cap of $50.15 million, a P/E ratio of -1.65 and a beta of 1.57. The company has a quick ratio of 3.67, a current ratio of 3.67 and a debt-to-equity ratio of 0.20. eHealth has a 52-week low of $1.20 and a 52-week high of $5.89. The business has a fifty day moving average of $1.62 and a two-hundred day moving average of $2.73.

eHealth (NASDAQ:EHTH) last released its quarterly earnings results 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 business had revenue of $326.24 million for the quarter, compared to analysts’ expectations of $318.25 million. eHealth had a return on equity of 6.52% and a net margin of 6.31%. On average, research analysts expect that eHealth will post 0.69 earnings per share for the current year.

Insider Transactions at eHealth

In other news, CFO John Joseph Dolan bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average price of $1.53 per share, with a total value of $38,250.00. Following the purchase, the chief financial officer owned 208,755 shares in the company, valued at approximately $319,395.15. The trade was a 13.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 7.20% of the company’s stock.

Institutional Trading of eHealth

Several hedge funds have recently made changes to their positions in EHTH. Millennium Management LLC grew its holdings in shares of 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 in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of eHealth by 38.5% in the first quarter. Goldman Sachs Group Inc. now owns 144,263 shares of the financial services provider’s stock valued at $964,000 after purchasing an additional 40,096 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of eHealth by 115.9% in the first quarter. Jane Street Group LLC now owns 234,894 shares of the financial services provider’s stock valued at $1,569,000 after purchasing an additional 126,076 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of eHealth by 101.3% in 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 purchasing an additional 358,192 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of eHealth by 13.0% in the second quarter. JPMorgan Chase & Co. now owns 270,655 shares of the financial services provider’s stock valued at $1,177,000 after purchasing an additional 31,177 shares in 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.