eHealth, Inc. (NASDAQ:EHTH) Stock Now Rated “Reduce” by Sell-Side Brokerages

Shares of eHealth, Inc. (NASDAQ:EHTH) have received a consensus recommendation of “Reduce” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $2.19.

A number of research analysts recently commented on the stock. Royal Bank Of Canada lowered their price target on shares of eHealth from $3.00 to $2.00 and set a “sector perform” rating for the company in a report on Tuesday, August 25th. UBS Group reduced their price objective on eHealth from $2.00 to $1.75 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of eHealth in a research report on Thursday, August 13th.

Insider Activity at eHealth

In other news, Director Francis Soistman, Jr. sold 37,297 shares of eHealth stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $1.05, for a total value of $39,161.85. Following the completion of the transaction, the director owned 1,015,221 shares in the company, valued at approximately $1,065,982.05. The trade was a 3.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 94,899 shares of company stock valued at $95,893. 7.20% of the stock is currently owned by insiders.

Institutional Trading of eHealth

Institutional investors have recently bought and sold shares of the stock. Squarepoint Ops LLC bought a new stake in eHealth in the second quarter worth $125,000. Susquehanna International Group LLP lifted its stake in eHealth by 103.1% in the second quarter. Susquehanna International Group LLP now owns 97,843 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 49,673 shares during the last quarter. Nantahala Capital Management LLC purchased a new position in shares of eHealth during the second quarter valued at approximately $2,624,547. Palo Alto Investors LP purchased a new position in shares of eHealth during the second quarter valued at approximately $2,209,368. Finally, Bank of America Corp DE bought a new position in shares of eHealth during the second quarter valued at approximately $252,000. 79.54% of the stock is currently owned by institutional investors.

eHealth Price Performance

EHTH stock opened at $0.45 on Tuesday. eHealth has a 52 week low of $0.44 and a 52 week high of $5.35. The company has a quick ratio of 5.12, a current ratio of 5.12 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $0.72 and a two-hundred day simple moving average of $1.42. The firm has a market capitalization of $14.41 million, a P/E ratio of -0.35 and a beta of 1.66.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Wednesday, November 4th. The financial services provider reported ($1.57) EPS for the quarter, missing analysts’ consensus estimates of ($1.09) by ($0.48). eHealth had a return on equity of 5.16% and a net margin of 4.89%. The business had revenue of $21.28 million during the quarter, compared to analysts’ expectations of $26.43 million. Analysts anticipate that eHealth will post 0.80 earnings per share for the current fiscal year.

About eHealth

eHealth, Inc operates an online health insurance marketplace that helps consumers compare and enroll in health insurance plans from a range of insurance carriers. Through its digital platforms, the company provides information about plan benefits, costs and eligibility, and supports consumers throughout the selection and enrollment process.

The company offers products that include Medicare Advantage, Medicare Supplement and Medicare Part D plans, as well as individual and family health insurance and related coverage options.