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

Shares of eHealth, Inc. (NASDAQ:EHTH) have been given an average recommendation of “Reduce” by the five brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment 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 covered the stock in the last year is $3.3333.

Several analysts have recently weighed in on EHTH shares. Weiss Ratings restated a “sell (d+)” rating on shares of eHealth in a research report on Monday, December 29th. Royal Bank Of Canada dropped their target price on shares of eHealth from $9.00 to $3.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 11th. Zacks Research cut shares of eHealth from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Finally, Craig Hallum downgraded shares of eHealth from a “buy” rating to a “hold” rating and set a $2.00 price objective for the company. in a research note on Thursday, February 26th.

eHealth Stock Performance

EHTH opened at $1.28 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.03. eHealth has a one year low of $1.20 and a one year high of $7.13. The company has a market cap of $39.77 million, a P/E ratio of -1.80 and a beta of 1.27. The business’s 50-day simple moving average is $2.00 and its 200-day simple moving average is $3.49.

eHealth (NASDAQ:EHTH) last posted its earnings results on Wednesday, February 25th. The financial services provider reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($0.32). The business had revenue of $326.24 million for the quarter, compared to analysts’ expectations of $318.25 million. eHealth had a return on equity of 5.46% and a net margin of 6.12%. As a group, equities research analysts expect that eHealth will post -2.17 EPS for the current fiscal year.

Insider Activity at eHealth

In other news, CFO John Joseph Dolan bought 25,000 shares of eHealth stock in a transaction dated Friday, March 6th. The stock was acquired at an average cost of $1.53 per share, with a total value of $38,250.00. Following the acquisition, the chief financial officer owned 208,755 shares of the company’s stock, valued at approximately $319,395.15. This trade represents a 13.61% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey acquired a new position in eHealth during the second quarter worth approximately $29,000. The Manufacturers Life Insurance Company purchased a new position in shares of eHealth during the second quarter worth approximately $48,000. Bank of America Corp DE increased its holdings in shares of eHealth by 1,265.8% in the 2nd quarter. Bank of America Corp DE now owns 11,186 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 10,367 shares during the period. Alliancebernstein L.P. acquired a new position in shares of eHealth in the 3rd quarter valued at $54,000. Finally, Intech Investment Management LLC purchased a new stake in eHealth in the 2nd quarter valued at $55,000. Hedge funds and other institutional investors own 79.54% of the company’s stock.

eHealth Company Profile

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.