StockNews.com Upgrades eHealth (NASDAQ:EHTH) to “Hold”

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

EHTH has been the topic of a number of other reports. UBS Group began coverage on shares of eHealth in a report on Wednesday, December 4th. They set a “neutral” rating and a $5.50 price objective on the stock. Royal Bank of Canada lowered their price target on eHealth from $13.00 to $11.00 and set a “sector perform” rating for the company in a research report on Monday, November 25th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $6.38.

eHealth Trading Down 4.9 %

Shares of NASDAQ:EHTH opened at $8.29 on Friday. The business’s 50-day moving average is $9.75 and its 200 day moving average is $6.61. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.10 and a quick ratio of 3.10. eHealth has a 1 year low of $3.58 and a 1 year high of $11.36. The firm has a market capitalization of $248.23 million, a P/E ratio of -2.91 and a beta of 0.44.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. AMH Equity Ltd acquired a new stake in eHealth during the 4th quarter worth about $426,000. Jacobs Levy Equity Management Inc. boosted its stake in shares of eHealth by 86.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 212,555 shares of the financial services provider’s stock worth $867,000 after buying an additional 98,793 shares during the last quarter. Barclays PLC grew its holdings in eHealth by 104.3% during the third quarter. Barclays PLC now owns 47,445 shares of the financial services provider’s stock worth $194,000 after acquiring an additional 24,224 shares during the period. RBF Capital LLC grew its holdings in eHealth by 29.0% during the third quarter. RBF Capital LLC now owns 443,141 shares of the financial services provider’s stock worth $1,808,000 after acquiring an additional 99,618 shares during the period. Finally, Kera Capital Partners Inc. purchased a new position in eHealth during the fourth quarter valued at approximately $358,000. Hedge funds and other 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.