eHealth (NASDAQ:EHTH) Downgraded by Craig Hallum to “Hold”

Craig Hallum downgraded shares of eHealth (NASDAQ:EHTH) from a buy rating to a hold rating in a research note published on Thursday morning, Marketbeat.com reports. Craig Hallum currently has $2.00 price objective on the financial services provider’s stock.

EHTH has been the subject of a number of other research reports. Royal Bank Of Canada reduced their price target on eHealth from $10.00 to $9.00 and set a “sector perform” rating for the company in a report on Tuesday, November 25th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of eHealth in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $5.33.

eHealth Stock Performance

EHTH opened at $1.33 on Thursday. The firm has a fifty day moving average price of $3.13 and a 200 day moving average price of $3.82. eHealth has a 1 year low of $1.30 and a 1 year high of $9.40. The stock has a market cap of $40.91 million, a P/E ratio of -1.87 and a beta of 1.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.23 and a quick ratio of 2.23.

eHealth (NASDAQ:EHTH) last released its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $2.06 EPS for the quarter, missing the consensus estimate of $2.38 by ($0.32). The firm had revenue of $326.24 million for the quarter, compared to analyst estimates of $318.25 million. eHealth had a net margin of 6.12% and a return on equity of 5.56%. Equities research analysts anticipate that eHealth will post -2.17 earnings per share for the current year.

Hedge Funds Weigh In On eHealth

A number of institutional investors have recently added to or reduced their stakes in EHTH. Virtu Financial LLC acquired a new position in eHealth during the fourth quarter worth $155,000. Corient Private Wealth LLC boosted its position in shares of eHealth by 17.8% during the 4th quarter. Corient Private Wealth LLC now owns 66,232 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 10,000 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of eHealth by 11.4% in the fourth quarter. Mackenzie Financial Corp now owns 442,065 shares of the financial services provider’s stock valued at $2,003,000 after purchasing an additional 45,086 shares during the period. Millennium Management LLC purchased a new stake in shares of eHealth in the fourth quarter valued at about $361,000. Finally, Eversept Partners LP increased its position in eHealth by 73.4% during the fourth quarter. Eversept Partners LP now owns 222,570 shares of the financial services provider’s stock worth $1,024,000 after purchasing an additional 94,248 shares during the last quarter. Hedge funds and other institutional investors own 79.54% of the company’s stock.

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.