eHealth, Inc. (NASDAQ:EHTH) Receives $3.25 Consensus Target Price from Brokerages

Shares of eHealth, Inc. (NASDAQ:EHTH) have earned a consensus rating of “Reduce” from the six ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $3.25.

Several research firms have commented on EHTH. Royal Bank Of Canada dropped their price objective on shares of eHealth from $9.00 to $3.00 and set a “sector perform” rating for the company in a report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $3.00 price target on shares of eHealth in a report 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 report on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of eHealth in a report on Monday, May 18th. Finally, Zacks Research raised shares of eHealth from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in eHealth by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,526,098 shares of the financial services provider’s stock worth $6,577,000 after purchasing an additional 4,958 shares during the period. Engineers Gate Manager LP raised its position in eHealth by 16.6% in the 2nd quarter. Engineers Gate Manager LP now owns 41,995 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 5,975 shares during the period. American Century Companies Inc. raised its position in eHealth by 11.1% in the 2nd quarter. American Century Companies Inc. now owns 65,785 shares of the financial services provider’s stock worth $286,000 after purchasing an additional 6,571 shares during the period. Algert Global LLC raised its position in eHealth by 36.6% in the 3rd quarter. Algert Global LLC now owns 32,963 shares of the financial services provider’s stock worth $142,000 after purchasing an additional 8,840 shares during the period. Finally, AQR Capital Management LLC raised its position in eHealth by 13.4% in the 4th quarter. AQR Capital Management LLC now owns 79,738 shares of the financial services provider’s stock worth $367,000 after purchasing an additional 9,434 shares during the period. Institutional investors own 79.54% of the company’s stock.

eHealth Price Performance

EHTH opened at $1.65 on Friday. The firm has a 50-day simple moving average of $1.71 and a two-hundred day simple moving average of $2.39. eHealth has a 52 week low of $1.20 and a 52 week high of $5.89. The company has a market capitalization of $52.37 million, a PE ratio of -1.72 and a beta of 1.47. The company has a quick ratio of 3.67, a current ratio of 3.67 and a debt-to-equity ratio of 0.20.

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.