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

Shares of eHealth, Inc. (NASDAQ:EHTH) have been given a consensus recommendation of “Reduce” by the six ratings firms that are presently covering the stock, 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 1 year target price among brokers that have updated their coverage on the stock in the last year is $3.25.

Several equities analysts have commented on the company. Zacks Research raised eHealth from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $3.00 target price on shares of eHealth in a research note on Friday, May 8th. Royal Bank Of Canada dropped their target price on shares of eHealth from $9.00 to $3.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 11th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of eHealth in a report on Monday, May 18th.

eHealth Stock Performance

NASDAQ EHTH opened at $1.62 on Wednesday. The company has a market cap of $51.42 million, a P/E ratio of -1.69 and a beta of 1.48. The business’s 50 day moving average price is $1.70 and its 200-day moving average price is $2.17. eHealth has a fifty-two week low of $1.20 and a fifty-two week high of $5.89. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 3.67.

Institutional Trading of eHealth

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in eHealth by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,526,098 shares of the financial services provider’s stock worth $6,577,000 after acquiring an additional 4,958 shares in the last quarter. Engineers Gate Manager LP raised its holdings in shares of eHealth by 16.6% in the 2nd quarter. Engineers Gate Manager LP now owns 41,995 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 5,975 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of eHealth by 11.1% in the 2nd quarter. American Century Companies Inc. now owns 65,785 shares of the financial services provider’s stock valued at $286,000 after purchasing an additional 6,571 shares in the last quarter. Algert Global LLC lifted its position in shares of 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 lifted its position in shares of 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. 79.54% of the stock is currently owned by institutional investors.

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.