eHealth, Inc. (NASDAQ:EHTH) Given Consensus Rating of “Reduce” by Analysts

Shares of eHealth, Inc. (NASDAQ:EHTH) have earned an average rating of “Reduce” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $3.25.

EHTH has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $3.00 price objective on shares of eHealth in a research note on Friday, May 8th. Craig Hallum downgraded shares of eHealth from a “buy” rating to a “hold” rating and set a $2.00 price target for the company. in a research report on Thursday, February 26th. Zacks Research raised eHealth from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Royal Bank Of Canada lowered their price objective on eHealth from $9.00 to $3.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 11th.

Insider Activity at eHealth

In related news, CFO John Joseph Dolan purchased 25,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average price of $1.53 per share, with a total value of $38,250.00. Following the completion of the purchase, the chief financial officer directly owned 208,755 shares in the company, valued at $319,395.15. This trade represents a 13.61% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.20% of the company’s stock.

Institutional Investors Weigh In On eHealth

Large investors have recently bought and sold shares of the company. Founders Financial Securities LLC bought a new position in eHealth in the 1st quarter valued at about $25,000. Cetera Investment Advisers acquired a new stake in shares of eHealth during the 1st quarter worth approximately $27,000. The Manufacturers Life Insurance Company acquired a new stake in shares of eHealth during the 2nd quarter worth approximately $48,000. Bank of America Corp DE increased its stake in eHealth by 1,265.8% in the second quarter. Bank of America Corp DE now owns 11,186 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 10,367 shares during the last quarter. Finally, Alliancebernstein L.P. acquired a new position in eHealth during the third quarter valued at approximately $54,000. 79.54% of the stock is currently owned by institutional investors and hedge funds.

eHealth Stock Up 1.7%

EHTH stock opened at $1.79 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.67 and a quick ratio of 3.67. The stock has a market capitalization of $56.81 million, a price-to-earnings ratio of -1.86 and a beta of 1.57. The business’s fifty day moving average price is $1.61 and its two-hundred day moving average price is $2.81. eHealth has a fifty-two week low of $1.20 and a fifty-two week high of $5.89.

eHealth (NASDAQ:EHTH) last announced its earnings results on Wednesday, February 25th. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($0.32). The business had revenue of $326.24 million during the quarter, compared to the consensus estimate of $318.25 million. eHealth had a net margin of 6.31% and a return on equity of 6.52%. On average, equities analysts anticipate 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.