UBS Group Begins Coverage on eHealth (NASDAQ:EHTH)

Research analysts at UBS Group initiated coverage on shares of eHealth (NASDAQ:EHTH) in a note issued to investors on Wednesday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $5.50 price target on the financial services provider’s stock. UBS Group’s price objective would suggest a potential upside of 0.55% from the stock’s current price.

Several other brokerages have also weighed in on EHTH. Deutsche Bank Aktiengesellschaft reduced their price objective on eHealth from $5.00 to $2.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. Craig Hallum upgraded eHealth from a “hold” rating to a “buy” rating and increased their target price for the stock from $5.00 to $7.00 in a research report on Wednesday, November 6th. Royal Bank of Canada dropped their target price on eHealth from $13.00 to $11.00 and set a “sector perform” rating on the stock in a research report on Monday, November 25th. Finally, StockNews.com upgraded eHealth from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $6.38.

eHealth Price Performance

Shares of NASDAQ EHTH opened at $5.47 on Wednesday. The stock has a fifty day simple moving average of $4.89 and a two-hundred day simple moving average of $4.69. eHealth has a 1-year low of $3.58 and a 1-year high of $9.45. The firm has a market cap of $162.10 million, a price-to-earnings ratio of -1.92 and a beta of 0.47. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.14.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new position in shares of eHealth during the second quarter valued at about $53,000. Public Employees Retirement System of Ohio grew its holdings in shares of eHealth by 40.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,451 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 3,600 shares during the period. Point72 DIFC Ltd boosted its position in shares of eHealth by 3,996.8% in the 2nd quarter. Point72 DIFC Ltd now owns 12,741 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 12,430 shares in the last quarter. Algert Global LLC boosted its position in shares of eHealth by 76.6% in the 2nd quarter. Algert Global LLC now owns 18,392 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 7,980 shares in the last quarter. Finally, SkyView Investment Advisors LLC lifted its position in eHealth by 28.7% in the 3rd quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 6,694 shares in the last quarter. 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.