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

Shares of eHealth, Inc. (NASDAQ:EHTH) have received a consensus rating of “Reduce” from the five research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $3.3333.

A number of research analysts recently commented on EHTH shares. Royal Bank Of Canada lowered their price objective on shares of eHealth from $9.00 to $3.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 11th. Zacks Research upgraded eHealth from a “strong sell” rating to a “hold” rating in a report on Tuesday. Finally, Craig Hallum cut eHealth from a “buy” rating to a “hold” rating and set a $2.00 target price for the company. in a research report on Thursday, February 26th.

Insider Buying and Selling at eHealth

In other news, CFO John Joseph Dolan acquired 25,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average cost of $1.53 per share, for a total transaction of $38,250.00. Following the completion of the acquisition, the chief financial officer owned 208,755 shares in the company, valued at approximately $319,395.15. The trade was a 13.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.20% of the company’s stock.

Institutional Trading of eHealth

Institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company acquired a new stake in shares of eHealth in the 2nd quarter valued at $48,000. Bank of America Corp DE grew its holdings in 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 buying an additional 10,367 shares during the last quarter. Alliancebernstein L.P. bought a new position in shares of eHealth during the 3rd quarter worth about $54,000. Headlands Technologies LLC bought a new stake in shares of eHealth during the fourth quarter valued at approximately $62,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in eHealth in the second quarter valued at about $68,000. 79.54% of the stock is currently owned by institutional investors and hedge funds.

eHealth Trading Up 4.6%

eHealth stock opened at $2.06 on Friday. eHealth has a 52-week low of $1.20 and a 52-week high of $7.09. The firm has a market capitalization of $64.95 million, a price-to-earnings ratio of -2.90 and a beta of 1.15. The firm has a 50-day moving average price of $1.55 and a two-hundred day moving average price of $3.06. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.19.

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). The business had revenue of $326.24 million during the quarter, compared to analyst estimates of $318.25 million. eHealth had a net margin of 6.12% and a return on equity of 5.46%. Sell-side analysts expect that eHealth will post 0.54 earnings per share for the current year.

About eHealth

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.