eHealth (NASDAQ:EHTH) Upgraded at StockNews.com

eHealth (NASDAQ:EHTH) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

A number of other equities analysts have also recently weighed in on the stock. UBS Group started coverage on shares of eHealth in a research report on Wednesday, December 4th. They set a “neutral” rating and a $5.50 price objective for the company. Royal Bank of Canada cut their target price on shares of eHealth from $13.00 to $11.00 and set a “sector perform” rating for the company in a research note on Monday, November 25th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $6.38.

eHealth Trading Down 4.9 %

EHTH stock opened at $8.29 on Friday. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.14. eHealth has a 52-week low of $3.58 and a 52-week high of $11.36. The company’s 50-day simple moving average is $9.75 and its 200-day simple moving average is $6.61. The firm has a market cap of $248.23 million, a P/E ratio of -2.91 and a beta of 0.44.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $2.20 EPS for the quarter, beating the consensus estimate of $2.00 by $0.20. The company had revenue of $315.18 million for the quarter, compared to analyst estimates of $293.47 million. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. As a group, equities analysts forecast that eHealth will post -2.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sona Asset Management US LLC acquired a new stake in shares of eHealth in the fourth quarter valued at about $4,199,000. Findell Capital Management LLC raised its holdings in eHealth by 16.4% in the 4th quarter. Findell Capital Management LLC now owns 1,373,000 shares of the financial services provider’s stock valued at $12,906,000 after acquiring an additional 193,000 shares during the last quarter. Millennium Management LLC raised its holdings in eHealth by 83.3% in the 4th quarter. Millennium Management LLC now owns 404,912 shares of the financial services provider’s stock valued at $3,806,000 after acquiring an additional 183,956 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in eHealth in the 4th quarter worth approximately $1,383,000. Finally, Two Sigma Advisers LP boosted its holdings in shares of eHealth by 86.6% during the 4th quarter. Two Sigma Advisers LP now owns 277,700 shares of the financial services provider’s stock worth $2,610,000 after purchasing an additional 128,900 shares during the last quarter. Hedge funds and other institutional investors 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.