eHealth, Inc. (NASDAQ:EHTH) Stock Now Rated “Reduce” by Wall Street Brokerages

Shares of eHealth, Inc. (NASDAQ:EHTH) have been given a consensus rating of “Reduce” by the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $2.19.

Several analysts recently commented on the stock. Royal Bank Of Canada cut their price objective on shares of eHealth from $3.00 to $2.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 25th. UBS Group decreased their target price on shares of eHealth from $2.00 to $1.75 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of eHealth in a report on Thursday, August 13th.

eHealth Trading Down 5.1%

NASDAQ EHTH opened at $0.45 on Tuesday. eHealth has a 12 month low of $0.44 and a 12 month high of $5.35. The stock has a market cap of $14.41 million, a P/E ratio of -0.35 and a beta of 1.66. The stock’s fifty day moving average price is $0.72 and its 200-day moving average price is $1.42. The company has a current ratio of 5.12, a quick ratio of 5.12 and a debt-to-equity ratio of 0.21.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings results on Wednesday, November 4th. The financial services provider reported ($1.57) earnings per share for the quarter, missing the consensus estimate of ($1.09) by ($0.48). The company had revenue of $21.28 million for the quarter, compared to the consensus estimate of $26.43 million. eHealth had a net margin of 4.89% and a return on equity of 5.16%. As a group, equities analysts forecast that eHealth will post 0.80 EPS for the current fiscal year.

Insider Buying and Selling at eHealth

In other eHealth news, Director Francis Soistman, Jr. sold 37,297 shares of eHealth stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $1.05, for a total value of $39,161.85. Following the completion of the sale, the director owned 1,015,221 shares of the company’s stock, valued at approximately $1,065,982.05. This trade represents a 3.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 94,899 shares of company stock worth $95,893 over the last ninety days. 7.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On eHealth

Hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC boosted its stake in eHealth by 25.0% during the first quarter. Hsbc Holdings PLC now owns 72,844 shares of the financial services provider’s stock valued at $95,000 after buying an additional 14,569 shares during the last quarter. Callan Family Office LLC bought a new stake in eHealth in the 2nd quarter worth approximately $26,000. Cetera Investment Advisers bought a new stake in eHealth in the 1st quarter worth approximately $27,000. Susquehanna International Group LLP raised its holdings in shares of eHealth by 103.1% during the 2nd quarter. Susquehanna International Group LLP now owns 97,843 shares of the financial services provider’s stock worth $146,000 after acquiring an additional 49,673 shares in the last quarter. Finally, Ieq Capital LLC purchased a new stake in shares of eHealth during the 2nd quarter worth approximately $107,000. Hedge funds and other institutional investors own 79.54% of the company’s stock.

eHealth Company Profile

eHealth, Inc operates an online health insurance marketplace that helps consumers compare and enroll in health insurance plans from a range of insurance carriers. Through its digital platforms, the company provides information about plan benefits, costs and eligibility, and supports consumers throughout the selection and enrollment process.

The company offers products that include Medicare Advantage, Medicare Supplement and Medicare Part D plans, as well as individual and family health insurance and related coverage options.