eHealth (NASDAQ:EHTH) Lowered to Sell Rating by StockNews.com

StockNews.com downgraded shares of eHealth (NASDAQ:EHTH) from a hold rating to a sell rating in a research report released on Thursday.

A number of other analysts also recently issued reports on EHTH. Craig Hallum upgraded shares of eHealth from a “hold” rating to a “buy” rating and boosted their price objective for the company from $5.00 to $7.00 in a report on Wednesday, November 6th. UBS Group began coverage on shares of eHealth in a research note on Wednesday, December 4th. They issued a “neutral” rating and a $5.50 price target on the stock. Finally, Royal Bank of Canada decreased their price objective on shares of eHealth from $13.00 to $11.00 and set a “sector perform” rating on the stock in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $6.38.

eHealth Stock Performance

eHealth stock opened at $8.89 on Thursday. The firm has a 50 day simple moving average of $9.70 and a 200-day simple moving average of $6.46. The stock has a market cap of $263.45 million, a price-to-earnings ratio of -3.12 and a beta of 0.32. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.10 and a quick ratio of 3.10. eHealth has a 1-year low of $3.58 and a 1-year high of $11.36.

eHealth (NASDAQ:EHTH) last released its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.20. The firm had revenue of $315.18 million for the quarter, compared to analysts’ expectations of $293.47 million. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. On average, analysts expect that eHealth will post -2.17 EPS for the current year.

Institutional Trading of eHealth

Several hedge funds have recently made changes to their positions in EHTH. R Squared Ltd purchased a new stake in eHealth during the 4th quarter worth approximately $29,000. Public Employees Retirement System of Ohio grew its stake in shares of eHealth by 40.7% in the third quarter. Public Employees Retirement System of Ohio now owns 12,451 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 3,600 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in shares of eHealth during the fourth quarter worth $110,000. Prudential Financial Inc. acquired a new stake in shares of eHealth in the fourth quarter valued at $111,000. Finally, SkyView Investment Advisors LLC boosted its holdings in eHealth by 28.7% in the third quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 6,694 shares during the period. Institutional investors and hedge funds own 79.54% of the company’s stock.

About eHealth

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 Employer and Individual. The Medicare segment offers sale of Medicare-related health insurance plans, which includes Medicare advantage, Medicare Supplement, and Medicare Part D prescription drug plans to Medicare-eligible customers including but not limited to, dental, and vision insurance, as well as advertising program for marketing and other services.