eHealth, Inc. (EHTH) – What Are Brokerages Thinking About This Stock?

eHealth, Inc. (NASDAQ:EHTH) has been assigned an average recommendation of “Reduce” from the six analysts that are covering the firm, MarketBeat Ratings reports. One 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 brokerages that have issued a report on the stock in the last year is $2.19.

Several equities analysts have recently weighed in on EHTH shares. UBS Group reduced their price target on eHealth from $2.00 to $1.75 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of eHealth in a research note on Wednesday. Finally, Royal Bank Of Canada cut their price objective on shares of eHealth from $3.00 to $2.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 25th.

eHealth Stock Down 6.0%

Shares of EHTH traded down $0.03 during mid-day trading on Tuesday, reaching $0.41. The company had a trading volume of 454,393 shares, compared to its average volume of 556,984. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.98 and a current ratio of 3.98. The firm has a 50-day moving average price of $0.68 and a 200 day moving average price of $1.36. eHealth has a 52 week low of $0.41 and a 52 week high of $5.35. The company has a market capitalization of $13.39 million, a price-to-earnings ratio of -0.33, a price-to-earnings-growth ratio of 0.03 and a beta of 1.66.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings data on Wednesday, November 4th. The financial services provider reported ($1.57) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.09) by ($0.48). eHealth had a net margin of 4.89% and a return on equity of 5.34%. The company had revenue of $21.28 million for the quarter, compared to the consensus estimate of $26.43 million. On average, sell-side analysts forecast that eHealth will post 0.80 EPS for the current year.

Insider Transactions at eHealth

In other news, Director Francis Soistman, Jr. sold 37,297 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $1.05, for a total value of $39,161.85. Following the transaction, the director owned 1,015,221 shares in the company, valued at approximately $1,065,982.05. This represents a 3.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 94,899 shares of company stock valued at $95,893 over the last three months. 7.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On eHealth

A number of hedge funds have recently added to or reduced their stakes in EHTH. Nantahala Capital Management LLC purchased a new stake in eHealth during the 2nd quarter valued at $2,624,547. Palo Alto Investors LP bought a new stake in shares of eHealth in the 2nd quarter worth $2,209,368. BlackRock Inc. purchased a new position in shares of eHealth in the second quarter worth $2,000,000. Assenagon Asset Management S.A. raised its stake in shares of eHealth by 80.5% in the second quarter. Assenagon Asset Management S.A. now owns 472,569 shares of the financial services provider’s stock worth $704,000 after purchasing an additional 210,716 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of eHealth in the second quarter worth $494,000. 79.54% of the stock is currently owned by hedge funds and other institutional investors.

About eHealth

eHealth, Inc. operates an online health insurance marketplace that helps individuals and families compare and enroll in health coverage. Its platform combines digital tools with licensed insurance agents who can provide enrollment assistance. The company offers Medicare products, including Medicare Advantage, Medicare Supplement and Medicare Part D plans, as well as individual and family health insurance. It works with insurance carriers to present plan options to consumers, with availability varying by location.