eHealth (NASDAQ:EHTH) Stock Rating Lowered by Zacks Research

eHealth (NASDAQ:EHTH) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

EHTH has been the subject of a number of other reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of eHealth in a report on Monday, December 29th. Craig Hallum cut eHealth from a “buy” rating to a “hold” rating and set a $2.00 price target on the stock. in a report on Thursday, February 26th. Finally, Royal Bank Of Canada dropped their target price on shares of eHealth from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 25th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $5.33.

eHealth Price Performance

eHealth stock traded up $0.06 during mid-day trading on Tuesday, reaching $1.70. The company had a trading volume of 564,111 shares, compared to its average volume of 807,263. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.19. eHealth has a fifty-two week low of $1.20 and a fifty-two week high of $8.55. The company has a market cap of $52.66 million, a P/E ratio of -2.39 and a beta of 1.27. The business has a fifty day simple moving average of $2.90 and a 200 day simple moving average of $3.77.

eHealth (NASDAQ:EHTH) last announced its earnings results on Wednesday, February 25th. The financial services provider reported $2.06 EPS 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 company had revenue of $326.24 million for the quarter, compared to analyst estimates of $318.25 million. On average, equities research analysts predict that eHealth will post -2.17 earnings per share for the current year.

Hedge Funds Weigh In On eHealth

Several hedge funds have recently modified their holdings of EHTH. Vanguard Group Inc. grew its holdings in shares of eHealth by 0.3% in the third quarter. Vanguard Group Inc. now owns 1,526,098 shares of the financial services provider’s stock valued at $6,577,000 after acquiring an additional 4,958 shares in the last quarter. Engineers Gate Manager LP increased its position in eHealth by 16.6% in the second quarter. Engineers Gate Manager LP now owns 41,995 shares of the financial services provider’s stock worth $183,000 after buying an additional 5,975 shares during the last quarter. American Century Companies Inc. raised its stake 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 valued at $286,000 after acquiring an additional 6,571 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new stake in eHealth during the second quarter valued at about $29,000. Finally, Algert Global LLC boosted its position in eHealth by 36.6% during the third 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. Institutional investors own 79.54% of the company’s stock.

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.