eHealth (NASDAQ:EHTH) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of eHealth (NASDAQ:EHTH) from a hold rating to a strong sell rating in a research report report published on Tuesday,Zacks.com reports.

A number of other brokerages also recently issued reports on EHTH. Weiss Ratings reiterated a “sell (d+)” rating on shares of eHealth in a report on Monday, December 29th. Royal Bank Of Canada dropped their price objective on eHealth from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 25th. Finally, Craig Hallum downgraded shares of eHealth from a “buy” rating to a “hold” rating and set a $2.00 target price for the company. in a report on Thursday, February 26th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $5.33.

eHealth Trading Up 3.0%

NASDAQ:EHTH opened at $1.69 on Tuesday. eHealth has a one year low of $1.20 and a one year high of $8.55. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $52.51 million, a P/E ratio of -2.38 and a beta of 1.27. The firm has a 50-day simple moving average of $2.85 and a 200-day simple moving average of $3.75.

eHealth (NASDAQ:EHTH) last released its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $2.06 earnings per share (EPS) 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 the consensus estimate of $318.25 million. eHealth had a net margin of 6.12% and a return on equity of 5.46%. Equities analysts anticipate that eHealth will post -2.17 EPS for the current fiscal year.

Institutional Investors Weigh In On eHealth

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its holdings in eHealth by 74.3% in the first quarter. Millennium Management LLC now owns 705,704 shares of the financial services provider’s stock worth $4,714,000 after acquiring an additional 300,792 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in eHealth by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 144,263 shares of the financial services provider’s stock worth $964,000 after purchasing an additional 40,096 shares in the last quarter. Jane Street Group LLC boosted its stake in eHealth by 115.9% in the 1st quarter. Jane Street Group LLC now owns 234,894 shares of the financial services provider’s stock worth $1,569,000 after purchasing an additional 126,076 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in eHealth by 25.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 676,234 shares of the financial services provider’s stock worth $2,942,000 after purchasing an additional 139,096 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in eHealth by 31.2% during the 2nd quarter. Acadian Asset Management LLC now owns 584,930 shares of the financial services provider’s stock valued at $2,538,000 after purchasing an additional 139,019 shares in the last quarter. 79.54% of the stock is currently owned by hedge funds and other institutional investors.

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.