Analysts Set eHealth, Inc. (NASDAQ:EHTH) Target Price at $5.33

Shares of eHealth, Inc. (NASDAQ:EHTH) have received an average recommendation of “Reduce” from the five analysts that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $5.3333.

EHTH has been the subject of several research analyst reports. Craig Hallum downgraded eHealth from a “buy” rating to a “hold” rating and set a $2.00 target price for the company. in a research note on Thursday, February 26th. Royal Bank Of Canada cut their target price on shares of eHealth from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 25th. Zacks Research cut shares of eHealth from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of eHealth in a research note on Monday, December 29th.

eHealth Price Performance

Shares of EHTH stock opened at $1.64 on Thursday. The firm has a market cap of $50.95 million, a price-to-earnings ratio of -2.31 and a beta of 1.27. The stock has a 50-day moving average price of $2.80 and a 200 day moving average price of $3.74. eHealth has a 12 month low of $1.20 and a 12 month high of $8.44. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.19.

eHealth (NASDAQ:EHTH) last issued 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). eHealth had a return on equity of 5.46% and a net margin of 6.12%.The firm had revenue of $326.24 million for the quarter, compared to the consensus estimate of $318.25 million. Research analysts expect that eHealth will post -2.17 EPS for the current year.

Institutional Investors Weigh In On eHealth

A number of large investors have recently bought and sold shares of EHTH. Vanguard Group Inc. boosted its position in shares of eHealth by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,526,098 shares of the financial services provider’s stock worth $6,577,000 after purchasing an additional 4,958 shares in the last quarter. Engineers Gate Manager LP raised its stake in eHealth by 16.6% during the 2nd quarter. Engineers Gate Manager LP now owns 41,995 shares of the financial services provider’s stock worth $183,000 after buying an additional 5,975 shares during the period. American Century Companies Inc. raised its stake in eHealth by 11.1% during the 2nd quarter. American Century Companies Inc. now owns 65,785 shares of the financial services provider’s stock worth $286,000 after buying an additional 6,571 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new position in eHealth in the second quarter worth approximately $29,000. Finally, Algert Global LLC boosted its holdings in eHealth by 36.6% in the third quarter. Algert Global LLC now owns 32,963 shares of the financial services provider’s stock worth $142,000 after acquiring an additional 8,840 shares in the last quarter. 79.54% of the stock is currently owned by institutional investors and hedge funds.

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.