StockNews.com Downgrades eHealth (NASDAQ:EHTH) to Sell

eHealth (NASDAQ:EHTH) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Thursday.

EHTH has been the subject of several other research reports. UBS Group started coverage on eHealth in a research note on Wednesday, December 4th. They issued a “neutral” rating and a $5.50 price target for the company. Craig Hallum raised eHealth from a “hold” rating to a “buy” rating and increased their price target for the stock from $5.00 to $7.00 in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada decreased their price target on eHealth from $13.00 to $11.00 and set a “sector perform” rating for the company in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.38.

eHealth Price Performance

Shares of NASDAQ EHTH opened at $8.81 on Thursday. eHealth has a 1-year low of $3.58 and a 1-year high of $11.36. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.10 and a quick ratio of 3.10. The business’s fifty day moving average price is $9.71 and its two-hundred day moving average price is $6.49. The firm has a market capitalization of $261.08 million, a PE ratio of -3.09 and a beta of 0.32.

eHealth (NASDAQ:EHTH) last issued its earnings results on Wednesday, February 26th. The financial services provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.20. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. The firm had revenue of $315.18 million for the quarter, compared to analyst estimates of $293.47 million. On average, research analysts expect that eHealth will post -2.17 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EHTH. Assenagon Asset Management S.A. boosted its stake in eHealth by 43.0% during the third quarter. Assenagon Asset Management S.A. now owns 194,667 shares of the financial services provider’s stock valued at $794,000 after buying an additional 58,540 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in eHealth by 86.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 212,555 shares of the financial services provider’s stock valued at $867,000 after buying an additional 98,793 shares in the last quarter. RBF Capital LLC boosted its stake in eHealth by 29.0% during the third quarter. RBF Capital LLC now owns 443,141 shares of the financial services provider’s stock valued at $1,808,000 after buying an additional 99,618 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in eHealth by 40.7% during the third quarter. Public Employees Retirement System of Ohio now owns 12,451 shares of the financial services provider’s stock valued at $51,000 after buying an additional 3,600 shares in the last quarter. Finally, Barclays PLC boosted its stake in eHealth by 104.3% during the third quarter. Barclays PLC now owns 47,445 shares of the financial services provider’s stock valued at $194,000 after buying an additional 24,224 shares in the last quarter. Institutional investors own 79.54% of the company’s stock.

eHealth Company Profile

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.