StockNews.com Downgrades eHealth (NASDAQ:EHTH) to Hold

eHealth (NASDAQ:EHTH) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Sunday.

Separately, UBS Group cut their price target on shares of eHealth from $9.50 to $7.00 and set a “neutral” rating for the company in a report on Thursday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, eHealth has a consensus rating of “Hold” and an average price target of $6.75.

eHealth Trading Down 4.3 %

Shares of EHTH stock opened at $5.14 on Friday. The company has a market capitalization of $155.88 million, a P/E ratio of -1.80 and a beta of 1.11. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $6.49 and its two-hundred day moving average is $7.36. eHealth has a twelve month low of $3.58 and a twelve month high of $11.36.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.08. The firm had revenue of $113.12 million for the quarter, compared to analyst estimates of $99.46 million. eHealth had a negative net margin of 7.58% and a negative return on equity of 5.70%. Equities analysts forecast that eHealth will post -2.17 EPS for the current year.

Institutional Trading of eHealth

Large investors have recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of eHealth during the 4th quarter worth $29,000. Graham Capital Management L.P. purchased a new position in eHealth during the 4th quarter valued at about $110,000. Prudential Financial Inc. acquired a new position in eHealth during the fourth quarter worth about $111,000. Cannon Global Investment Management LLC purchased a new stake in shares of eHealth in the first quarter valued at about $121,000. Finally, Corton Capital Inc. acquired a new stake in shares of eHealth in the first quarter valued at approximately $135,000. Institutional investors and hedge funds own 79.54% of the company’s stock.

eHealth Company Profile

eHealth, Inc operates a health insurance marketplace that provides consumer engagement, education, and health insurance enrollment solutions in the United States. The company operates in two segments, Medicare; and Employer and Individual. The Medicare segment offers sale of Medicare-related health insurance plans, which includes Medicare advantage, Medicare Supplement, and Medicare Part D prescription drug plans to Medicare-eligible customers including but not limited to, dental, and vision insurance, as well as advertising program for marketing and other services.