eHealth, Inc. (NASDAQ:EHTH) Given Consensus Rating of “Hold” by Analysts

Shares of eHealth, Inc. (NASDAQ:EHTHGet Rating) have been assigned an average recommendation of “Hold” from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $17.29.

EHTH has been the topic of several research reports. Zacks Investment Research raised eHealth from a “sell” rating to a “hold” rating in a research report on Wednesday, May 4th. Craig Hallum dropped their target price on eHealth from $33.00 to $15.00 in a research report on Wednesday, March 2nd. StockNews.com initiated coverage on eHealth in a research report on Thursday, March 31st. They issued a “sell” rating on the stock. Truist Financial cut eHealth from a “buy” rating to a “hold” rating and set a $15.00 target price on the stock. in a research report on Wednesday, March 2nd. Finally, Credit Suisse Group dropped their target price on eHealth from $31.00 to $16.00 and set a “neutral” rating on the stock in a research report on Thursday, March 3rd.

In related news, insider Phillip A. Morelock sold 7,000 shares of eHealth stock in a transaction that occurred on Friday, March 4th. The stock was sold at an average price of $11.75, for a total transaction of $82,250.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.00% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in eHealth by 1.9% during the 4th quarter. BlackRock Inc. now owns 3,954,778 shares of the financial services provider’s stock valued at $100,845,000 after purchasing an additional 74,967 shares during the period. Starboard Value LP raised its stake in eHealth by 9.5% during the 1st quarter. Starboard Value LP now owns 2,243,117 shares of the financial services provider’s stock valued at $27,837,000 after purchasing an additional 195,000 shares during the period. Palo Alto Investors LP raised its stake in eHealth by 2.3% during the 1st quarter. Palo Alto Investors LP now owns 1,652,260 shares of the financial services provider’s stock valued at $20,505,000 after purchasing an additional 36,690 shares during the period. State Street Corp raised its stake in eHealth by 1.6% during the 1st quarter. State Street Corp now owns 921,306 shares of the financial services provider’s stock valued at $11,433,000 after purchasing an additional 14,096 shares during the period. Finally, Segall Bryant & Hamill LLC increased its stake in eHealth by 43.7% in the 4th quarter. Segall Bryant & Hamill LLC now owns 809,740 shares of the financial services provider’s stock worth $20,644,000 after acquiring an additional 246,152 shares during the last quarter. 91.11% of the stock is currently owned by institutional investors.

Shares of NASDAQ EHTH opened at $10.98 on Friday. eHealth has a twelve month low of $7.89 and a twelve month high of $66.47. The firm has a market cap of $294.66 million, a P/E ratio of -1.83 and a beta of 0.37. The company has a 50 day moving average of $10.58 and a 200 day moving average of $17.36. The company has a quick ratio of 5.12, a current ratio of 5.12 and a debt-to-equity ratio of 0.09.

eHealth (NASDAQ:EHTHGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The financial services provider reported ($1.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.26) by $0.20. The firm had revenue of $105.25 million for the quarter, compared to the consensus estimate of $100.51 million. eHealth had a negative return on equity of 12.15% and a negative net margin of 26.77%. The company’s revenue for the quarter was down 21.6% on a year-over-year basis. During the same period last year, the business posted $0.02 EPS. As a group, equities analysts expect that eHealth will post -3.51 earnings per share for the current fiscal year.

eHealth Company Profile (Get Rating)

eHealth, Inc operates a health insurance marketplace that provides consumer engagement, education, and health insurance enrollment solutions in the United States. The company operates in two segments, Medicare; and Individual, Family and Small Business. Its ecommerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.

Further Reading

Analyst Recommendations for eHealth (NASDAQ:EHTH)

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