Zacks Investment Research upgraded shares of eHealth, Inc. (NASDAQ:EHTH) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday morning.

According to Zacks, “eHealth, Inc. is the parent company of eHealthInsurance, the leading online source of health insurance for individuals, families and small businesses. eHealthInsurance presents complex health insurance information in an objective, user-friendly format, enabling the research, analysis, comparison and purchase of health insurance products that best meet consumers’ needs. eHealth and eHealthInsurance.com are registered trademarks of eHealthInsurance Services, Inc. eHealth, Inc. and its technology was responsible for the nation’s first Internet-based sale of a health insurance policy. The Company is headquartered in Mountain View, California. “

Other equities research analysts also recently issued reports about the stock. BidaskClub raised shares of eHealth from a hold rating to a buy rating in a research note on Wednesday, July 19th. TheStreet downgraded shares of eHealth from a c rating to a d+ rating in a research note on Thursday, July 27th. Cantor Fitzgerald reissued a buy rating and issued a $20.00 price target on shares of eHealth in a research note on Thursday, July 27th. Finally, Jefferies Group LLC reissued a hold rating and issued a $18.00 price target on shares of eHealth in a research note on Friday, July 14th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $20.50.

Shares of eHealth (NASDAQ EHTH) traded down 0.16% during trading on Tuesday, reaching $24.86. 82,593 shares of the company’s stock were exchanged. eHealth has a 12-month low of $6.38 and a 12-month high of $25.83. The stock’s market cap is $460.78 million. The company has a 50 day moving average of $23.12 and a 200 day moving average of $17.97.

eHealth (NASDAQ:EHTH) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported ($0.92) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.75) by ($0.17). The company had revenue of $28.00 million during the quarter, compared to analysts’ expectations of $29.25 million. eHealth had a negative net margin of 3.44% and a negative return on equity of 5.64%. eHealth’s revenue was down 24.9% on a year-over-year basis. During the same period last year, the firm posted $0.09 earnings per share. Equities research analysts anticipate that eHealth will post ($0.94) EPS for the current year.

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In related news, Director Jack L. Oliver III sold 14,745 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $16.79, for a total transaction of $247,568.55. Following the sale, the director now directly owns 51,375 shares of the company’s stock, valued at approximately $862,586.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. 6.22% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA increased its stake in eHealth by 92.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,611 shares of the financial services provider’s stock worth $143,000 after buying an additional 3,650 shares during the period. OppenheimerFunds Inc. increased its stake in eHealth by 11.1% during the 1st quarter. OppenheimerFunds Inc. now owns 12,891 shares of the financial services provider’s stock worth $156,000 after buying an additional 1,289 shares during the period. Thrivent Financial For Lutherans purchased a new stake in eHealth during the 2nd quarter worth approximately $190,000. Hancock Holding Co. purchased a new stake in eHealth during the 2nd quarter worth approximately $198,000. Finally, Voya Investment Management LLC purchased a new stake in eHealth during the 2nd quarter worth approximately $201,000. 90.19% of the stock is currently owned by hedge funds and other institutional investors.

eHealth Company Profile

eHealth, Inc provides a private online source of health insurance for individuals, families and small businesses. The Company is the parent company of eHealthInsurance, a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers side-by-side, and purchase and enroll in coverage online through its Websites (www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com) or telephonically through its customer care centers.

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