BidaskClub downgraded shares of eHealth (NASDAQ:EHTH) from a sell rating to a strong sell rating in a research report report published on Thursday, BidAskClub reports.

EHTH has been the subject of a number of other reports. ValuEngine lowered shares of eHealth from a strong-buy rating to a buy rating in a research note on Tuesday. First Analysis raised shares of eHealth from an outperform rating to a strong-buy rating and upped their price target for the stock from $106.00 to $136.00 in a research note on Monday, July 29th. Credit Suisse Group upped their price target on shares of eHealth from $118.00 to $136.00 and gave the stock an outperform rating in a research note on Tuesday, August 6th. Zacks Investment Research raised shares of eHealth from a hold rating to a strong-buy rating and set a $121.00 price target for the company in a research note on Wednesday, July 31st. Finally, Cantor Fitzgerald upped their price target on shares of eHealth from $100.00 to $120.00 and gave the stock an overweight rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $117.20.

eHealth stock traded down $0.04 during midday trading on Thursday, reaching $75.59. 601,370 shares of the stock traded hands, compared to its average volume of 546,421. The firm has a fifty day moving average price of $96.24 and a two-hundred day moving average price of $75.52. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 119.98 and a beta of 1.11. eHealth has a fifty-two week low of $26.46 and a fifty-two week high of $112.22. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.08.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.47. The company had revenue of $65.80 million during the quarter, compared to analyst estimates of $40.98 million. eHealth had a net margin of 1.99% and a return on equity of 7.70%. eHealth’s quarterly revenue was up 101.2% on a year-over-year basis. Analysts anticipate that eHealth will post 1.34 earnings per share for the current year.

In other news, CMO Timothy C. Hannan sold 19,785 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $103.27, for a total transaction of $2,043,196.95. Following the sale, the chief marketing officer now owns 55,855 shares in the company, valued at $5,768,145.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Scott N. Flanders sold 99,516 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $104.29, for a total transaction of $10,378,523.64. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 4,000 shares of company stock worth $374,440 and have sold 174,627 shares worth $18,048,613. 5.00% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in eHealth by 1.0% in the 2nd quarter. BlackRock Inc. now owns 2,952,554 shares of the financial services provider’s stock valued at $254,213,000 after buying an additional 29,842 shares during the period. Natixis acquired a new position in eHealth in the 2nd quarter valued at approximately $373,000. Perceptive Advisors LLC increased its stake in eHealth by 33.2% in the 2nd quarter. Perceptive Advisors LLC now owns 385,982 shares of the financial services provider’s stock valued at $33,233,000 after buying an additional 96,125 shares during the period. Royal Bank of Canada increased its stake in eHealth by 33.8% in the 2nd quarter. Royal Bank of Canada now owns 13,504 shares of the financial services provider’s stock valued at $1,162,000 after buying an additional 3,415 shares during the period. Finally, White Pine Capital LLC increased its stake in eHealth by 4.8% in the 2nd quarter. White Pine Capital LLC now owns 66,780 shares of the financial services provider’s stock valued at $5,750,000 after buying an additional 3,035 shares during the period. Institutional investors and hedge funds own 97.99% of the company’s stock.

eHealth Company Profile

eHealth, Inc provides private health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its e-commerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.

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Analyst Recommendations for eHealth (NASDAQ:EHTH)

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