eHealth (NASDAQ:EHTH) Rating Lowered to “Hold” at Craig Hallum

eHealth (NASDAQ:EHTH) was downgraded by equities research analysts at Craig Hallum from a “buy” rating to a “hold” rating in a note issued to investors on Thursday,Finviz reports. They currently have a $2.00 price target on the financial services provider’s stock. Craig Hallum’s price target points to a potential upside of 5.82% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of eHealth in a report on Monday, December 29th. Royal Bank Of Canada cut their price target on eHealth from $10.00 to $9.00 and set a “sector perform” rating for the company in a report on Tuesday, November 25th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, eHealth currently has an average rating of “Reduce” and a consensus price target of $5.33.

eHealth Stock Performance

eHealth stock opened at $1.89 on Thursday. eHealth has a fifty-two week low of $1.41 and a fifty-two week high of $9.50. The company has a market capitalization of $58.14 million, a price-to-earnings ratio of -7.27 and a beta of 1.21. The stock has a fifty day moving average of $3.21 and a two-hundred day moving average of $3.84. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.23 and a current ratio of 2.23.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($0.32). The company had revenue of $326.24 million during the quarter, compared to analysts’ expectations of $318.25 million. eHealth had a net margin of 8.14% and a return on equity of 5.62%. On average, analysts anticipate that eHealth will post -2.17 EPS for the current fiscal year.

Institutional Trading of eHealth

Several institutional investors have recently made changes to their positions in EHTH. Virtu Financial LLC purchased a new position in shares of eHealth in the 4th quarter worth $155,000. Corient Private Wealth LLC grew its holdings in shares of eHealth by 17.8% during the 4th quarter. Corient Private Wealth LLC now owns 66,232 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 10,000 shares during the period. Mackenzie Financial Corp grew its holdings in shares of eHealth by 11.4% during the 4th quarter. Mackenzie Financial Corp now owns 442,065 shares of the financial services provider’s stock worth $2,003,000 after purchasing an additional 45,086 shares during the period. Millennium Management LLC acquired a new stake in eHealth during the 4th quarter worth approximately $361,000. Finally, Eversept Partners LP raised its holdings in eHealth by 73.4% in the fourth quarter. Eversept Partners LP now owns 222,570 shares of the financial services provider’s stock valued at $1,024,000 after buying an additional 94,248 shares during the period. 79.54% of the stock is owned by hedge funds and other institutional investors.

eHealth Company Profile

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.