eHealth, Inc. (NASDAQ:EHTH) Stock Has Consensus Price Target of $2.19 According to Analysts

Shares of eHealth, Inc. (NASDAQ:EHTH) have received a consensus recommendation of “Reduce” from the six research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $2.19.

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

Insider Buying and Selling

In other news, Director Francis Soistman, Jr. sold 37,297 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $1,065,982.05. This represents a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 7.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On eHealth

A number of hedge funds and other institutional investors have recently modified their holdings of EHTH. Callan Family Office LLC purchased a new stake in shares of eHealth during the 2nd quarter worth approximately $26,000. Founders Financial Securities LLC bought a new stake in shares of eHealth in the 1st quarter valued at about $25,000. Cetera Investment Advisers purchased a new stake in eHealth during the first quarter worth $27,000. Ieq Capital LLC purchased a new stake in shares of eHealth during the 2nd quarter worth $107,000. Finally, Hsbc Holdings PLC lifted its stake in shares of eHealth by 25.0% during the 1st quarter. Hsbc Holdings PLC now owns 72,844 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 14,569 shares during the last quarter. Institutional investors own 79.54% of the company’s stock.

eHealth Stock Performance

Shares of EHTH opened at $0.76 on Monday. 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 business has a 50-day simple moving average of $1.14 and a two-hundred day simple moving average of $1.45. The stock has a market cap of $24.20 million, a price-to-earnings ratio of -0.65 and a beta of 1.51. eHealth has a 52 week low of $0.75 and a 52 week high of $5.89.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported ($1.18) EPS for the quarter, missing the consensus estimate of ($0.84) by ($0.34). The company had revenue of $33.57 million during the quarter, compared to the consensus estimate of $33.28 million. eHealth had a return on equity of 6.13% and a net margin of 5.42%. On average, analysts expect that eHealth will post 0.8 EPS for the current year.

About eHealth

eHealth, Inc (NASDAQ:EHTH) operates an online health insurance marketplace that helps consumers compare, research and enroll in health insurance and related coverage. Through its digital platforms, the company provides information about available plans, eligibility and benefits, and connects individuals with insurance products offered by a range of carriers.

The company’s offerings primarily include Medicare Advantage, Medicare Supplement and prescription drug plans, as well as individual and family health insurance plans available through public and private marketplaces.