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

Shares of eHealth, Inc. (NASDAQ:EHTH) have been given an average recommendation of “Reduce” by the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $3.25.

A number of equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of eHealth in a research report on Monday, May 18th. Royal Bank Of Canada decreased their price target on shares of eHealth from $9.00 to $3.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $3.00 price target on shares of eHealth in a report on Friday, May 8th. Finally, Zacks Research upgraded shares of eHealth from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th.

eHealth Trading Down 4.1%

Shares of NASDAQ:EHTH opened at $1.62 on Wednesday. eHealth has a 12-month low of $1.20 and a 12-month high of $5.89. The business’s fifty day simple moving average is $1.70 and its 200-day simple moving average is $2.17. The company has a market capitalization of $51.42 million, a PE ratio of -1.69 and a beta of 1.48. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20.

Hedge Funds Weigh In On eHealth

A number of large investors have recently made changes to their positions in the business. J. Goldman & Co LP purchased a new stake in eHealth in the fourth quarter valued at about $3,134,000. Nantahala Capital Management LLC grew its stake in shares of eHealth by 34.3% during the third quarter. Nantahala Capital Management LLC now owns 1,761,441 shares of the financial services provider’s stock worth $7,592,000 after acquiring an additional 450,000 shares during the last quarter. Mackenzie Financial Corp acquired a new position in shares of eHealth during the third quarter valued at about $1,711,000. Geode Capital Management LLC raised its position in shares of eHealth by 101.3% in the 2nd quarter. Geode Capital Management LLC now owns 711,762 shares of the financial services provider’s stock valued at $3,097,000 after purchasing an additional 358,192 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in eHealth by 74.3% in the 1st quarter. Millennium Management LLC now owns 705,704 shares of the financial services provider’s stock worth $4,714,000 after purchasing an additional 300,792 shares in the last quarter. 79.54% of the stock is owned by institutional investors and hedge funds.

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.