eHealth (NASDAQ:EHTH) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of eHealth (NASDAQ:EHTH) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities analysts have also recently issued reports on EHTH. Royal Bank Of Canada lowered their price target on eHealth from $9.00 to $3.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of eHealth in a report on Monday, December 29th. Finally, Craig Hallum downgraded shares of eHealth from a “buy” rating to a “hold” rating and set a $2.00 price target for the company. in a report on Thursday, February 26th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, eHealth currently has an average rating of “Reduce” and a consensus price target of $3.33.

eHealth Stock Up 3.7%

EHTH opened at $1.97 on Tuesday. eHealth has a 12 month low of $1.20 and a 12 month high of $7.09. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $61.21 million, a P/E ratio of -2.77 and a beta of 1.15. The stock’s 50 day moving average price is $1.54 and its 200 day moving average price is $3.07.

eHealth (NASDAQ:EHTH) last posted its 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). eHealth had a net margin of 6.12% and a return on equity of 5.46%. The business had revenue of $326.24 million during the quarter, compared to analyst estimates of $318.25 million. As a group, research analysts predict that eHealth will post 0.54 earnings per share for the current year.

Insider Buying and Selling at eHealth

In related news, CFO John Joseph Dolan acquired 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 purchase, the chief financial officer directly owned 208,755 shares in the company, valued at $319,395.15. The trade was a 13.61% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On eHealth

Several large investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. boosted its stake in shares of eHealth by 54.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 261,853 shares of the financial services provider’s stock worth $338,000 after acquiring an additional 92,500 shares in the last quarter. Founders Financial Securities LLC bought a new stake in shares of eHealth during the 1st quarter worth $25,000. Corient Private Wealth LLC boosted its stake 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 worth $304,000 after acquiring an additional 10,000 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of eHealth during the 4th quarter worth $155,000. Finally, Mackenzie Financial Corp boosted its stake in shares of eHealth by 11.4% during the 4th quarter. Mackenzie Financial Corp now owns 442,065 shares of the financial services provider’s stock worth $2,003,000 after acquiring an additional 45,086 shares in the last quarter. 79.54% of the stock is owned by institutional investors.

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.