eHealth (NASDAQ:EHTH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

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. “

Several other equities analysts have also issued reports on the stock. ValuEngine raised shares of eHealth from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. TheStreet lowered shares of eHealth from a “c-” rating to a “d” rating in a report on Wednesday, December 13th. BidaskClub lowered shares of eHealth from a “sell” rating to a “strong sell” rating in a report on Thursday, December 14th. Craig Hallum reissued a “buy” rating and set a $28.00 price objective on shares of eHealth in a report on Monday, December 11th. Finally, Jefferies Group lifted their price objective on shares of eHealth from $20.00 to $23.00 and gave the company a “hold” rating in a report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $25.33.

eHealth (EHTH) opened at $17.56 on Tuesday. The stock has a market cap of $327.01, a P/E ratio of -15.27 and a beta of 1.58. eHealth has a 1-year low of $10.35 and a 1-year high of $28.59.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported ($0.98) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.73) by ($0.25). The business had revenue of $26.62 million for the quarter, compared to analysts’ expectations of $25.55 million. eHealth had a negative net margin of 11.94% and a negative return on equity of 21.88%. The business’s quarterly revenue was down 17.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.23) earnings per share. analysts anticipate that eHealth will post -1.6 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA boosted its stake in eHealth by 92.1% in the second quarter. BNP Paribas Arbitrage SA now owns 7,611 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 3,650 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in eHealth by 58.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,290 shares of the financial services provider’s stock valued at $150,000 after acquiring an additional 2,330 shares in the last quarter. Thrivent Financial For Lutherans acquired a new stake in eHealth in the second quarter valued at approximately $190,000. Hancock Holding Co. acquired a new stake in eHealth in the second quarter valued at approximately $198,000. Finally, Voya Investment Management LLC acquired a new stake in eHealth in the second quarter valued at approximately $201,000. Institutional investors own 89.94% of the company’s stock.

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About eHealth

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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