eHealth (NASDAQ:EHTH) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of eHealth (NASDAQ:EHTH) from a hold rating to a sell rating in a research report report published on Thursday morning.

Other analysts have also recently issued reports about the stock. Royal Bank of Canada dropped their target price on shares of eHealth from $13.00 to $11.00 and set a “sector perform” rating on the stock in a report on Monday, November 25th. UBS Group started coverage on shares of eHealth in a research note on Wednesday, December 4th. They set a “neutral” rating and a $5.50 price objective on the stock. Finally, Craig Hallum upgraded eHealth from a “hold” rating to a “buy” rating and lifted their target price for the company from $5.00 to $7.00 in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.38.

eHealth Stock Down 0.9 %

Shares of eHealth stock opened at $8.81 on Thursday. The business has a 50-day moving average price of $9.71 and a 200 day moving average price of $6.51. eHealth has a fifty-two week low of $3.58 and a fifty-two week high of $11.36. The firm has a market cap of $261.08 million, a P/E ratio of -3.09 and a beta of 0.32. 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 (NASDAQ:EHTH) last issued its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.20. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. The business had revenue of $315.18 million during the quarter, compared to the consensus estimate of $293.47 million. On average, sell-side analysts forecast that eHealth will post -2.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On eHealth

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jefferies Financial Group Inc. bought a new stake in eHealth during the 4th quarter valued at $165,000. Two Sigma Advisers LP increased its holdings in shares of eHealth by 86.6% during the fourth quarter. Two Sigma Advisers LP now owns 277,700 shares of the financial services provider’s stock valued at $2,610,000 after purchasing an additional 128,900 shares during the period. Two Sigma Investments LP raised its stake in shares of eHealth by 85.9% during the fourth quarter. Two Sigma Investments LP now owns 245,483 shares of the financial services provider’s stock valued at $2,308,000 after purchasing an additional 113,410 shares in the last quarter. Sona Asset Management US LLC acquired a new stake in eHealth in the fourth quarter worth about $4,199,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its position in eHealth by 56.2% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 35,235 shares of the financial services provider’s stock valued at $331,000 after buying an additional 12,673 shares in the last quarter. 79.54% of the stock is owned by institutional investors.

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.