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

eHealth, Inc. (NASDAQ:EHTH) has received a consensus recommendation of “Reduce” from the five research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $3.3333.

Several research firms have commented on EHTH. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of eHealth in a research note on Monday, December 29th. Royal Bank Of Canada lowered their target price 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. Craig Hallum lowered eHealth from a “buy” rating to a “hold” rating and set a $2.00 target price on the stock. in a report on Thursday, February 26th. Finally, Zacks Research cut eHealth from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd.

eHealth Stock Performance

NASDAQ EHTH opened at $1.28 on Monday. The firm’s fifty day moving average is $2.00 and its two-hundred day moving average is $3.49. eHealth has a one year low of $1.20 and a one year high of $7.13. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $39.77 million, a PE ratio of -1.80 and a beta of 1.27.

eHealth (NASDAQ:EHTH) last announced its earnings results on Wednesday, February 25th. The financial services provider reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($0.32). eHealth had a return on equity of 5.46% and a net margin of 6.12%.The business had revenue of $326.24 million for the quarter, compared to analyst estimates of $318.25 million. Analysts expect that eHealth will post -2.17 earnings per share for the current year.

Insider Transactions at eHealth

In other news, CFO John Joseph Dolan acquired 25,000 shares of the business’s stock in a transaction on Friday, March 6th. The stock was bought at an average price of $1.53 per share, for a total transaction of $38,250.00. Following the transaction, the chief financial officer owned 208,755 shares in the company, valued at $319,395.15. This represents a 13.61% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.20% of the company’s stock.

Institutional Trading of eHealth

Hedge funds and other institutional investors have recently made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of eHealth during the second quarter worth about $29,000. The Manufacturers Life Insurance Company acquired a new stake in eHealth in the second quarter valued at about $48,000. Bank of America Corp DE lifted its position 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 purchasing an additional 10,367 shares during the period. Alliancebernstein L.P. purchased a new stake in eHealth in the 3rd quarter valued at approximately $54,000. Finally, Intech Investment Management LLC purchased a new stake in eHealth in the 2nd quarter valued at approximately $55,000. Hedge funds and other institutional investors own 79.54% of the company’s stock.

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.