eHealth (NASDAQ:EHTH) Upgraded at StockNews.com

StockNews.com upgraded shares of eHealth (NASDAQ:EHTH) from a hold rating to a buy rating in a research note published on Saturday morning.

eHealth Trading Down 10.6 %

EHTH stock opened at $4.64 on Friday. The firm has a fifty day moving average price of $6.77 and a 200 day moving average price of $7.36. eHealth has a fifty-two week low of $3.58 and a fifty-two week high of $11.36. The firm has a market cap of $140.72 million, a PE ratio of -1.63 and a beta of 1.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.10 and a current ratio of 3.10.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.20. The business had revenue of $315.18 million during the quarter, compared to analysts’ expectations of $293.47 million. eHealth had a negative net margin of 7.58% and a negative return on equity of 5.70%. Sell-side analysts anticipate that eHealth will post -2.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Cannon Global Investment Management LLC purchased a new stake in eHealth in the 1st quarter worth about $121,000. Assenagon Asset Management S.A. lifted its stake in shares of eHealth by 22.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 174,815 shares of the financial services provider’s stock worth $1,168,000 after acquiring an additional 32,086 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in eHealth during the 4th quarter valued at $165,000. Two Sigma Advisers LP grew its position in eHealth by 86.6% in the 4th quarter. Two Sigma Advisers LP now owns 277,700 shares of the financial services provider’s stock valued at $2,610,000 after acquiring an additional 128,900 shares during the last quarter. Finally, Two Sigma Investments LP increased its stake in eHealth by 85.9% in the fourth quarter. Two Sigma Investments LP now owns 245,483 shares of the financial services provider’s stock worth $2,308,000 after purchasing an additional 113,410 shares during the period. Institutional investors 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.