eHealth, Inc. (NASDAQ:EHTH) Receives Average Rating of “Reduce” from Analysts

eHealth, Inc. (NASDAQ:EHTH) has been given a consensus rating of “Reduce” by the six research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $3.25.

EHTH has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of eHealth in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $3.00 price target on shares of eHealth in a report on Friday, May 8th. Craig Hallum downgraded shares of eHealth from a “buy” rating to a “hold” rating and set a $2.00 price target on the stock. in a report on Thursday, February 26th. Royal Bank Of Canada lowered their price target on shares of eHealth from $9.00 to $3.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 11th. Finally, Zacks Research raised shares of eHealth from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th.

eHealth Stock Up 3.4%

EHTH stock opened at $1.81 on Friday. The firm’s fifty day simple moving average is $1.68 and its 200-day simple moving average is $2.47. The company has a market capitalization of $57.45 million, a P/E ratio of -1.89 and a beta of 1.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.67 and a quick ratio of 3.67. eHealth has a 12 month low of $1.20 and a 12 month high of $5.89.

Institutional Trading of eHealth

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in eHealth by 0.3% during the third quarter. Vanguard Group Inc. now owns 1,526,098 shares of the financial services provider’s stock worth $6,577,000 after acquiring an additional 4,958 shares during the period. Engineers Gate Manager LP raised its position in eHealth by 16.6% during the second quarter. Engineers Gate Manager LP now owns 41,995 shares of the financial services provider’s stock worth $183,000 after acquiring an additional 5,975 shares during the period. American Century Companies Inc. raised its position in eHealth by 11.1% during the second quarter. American Century Companies Inc. now owns 65,785 shares of the financial services provider’s stock worth $286,000 after acquiring an additional 6,571 shares during the period. Algert Global LLC raised its position in eHealth by 36.6% during the third quarter. Algert Global LLC now owns 32,963 shares of the financial services provider’s stock worth $142,000 after acquiring an additional 8,840 shares during the period. Finally, AQR Capital Management LLC raised its position in eHealth by 13.4% during the fourth quarter. AQR Capital Management LLC now owns 79,738 shares of the financial services provider’s stock worth $367,000 after acquiring an additional 9,434 shares during the period. 79.54% of the stock is owned by hedge funds and other 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.