eHealth, Inc. (NASDAQ:EHTH) Given Consensus Rating of “Reduce” by Analysts

eHealth, Inc. (NASDAQ:EHTH) has been assigned a consensus recommendation of “Reduce” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $2.1875.

A number of research firms have weighed in on EHTH. Royal Bank Of Canada dropped their target price on shares of eHealth from $3.00 to $2.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $3.00 price target on shares of eHealth in a report on Friday, May 8th. UBS Group dropped their price objective on eHealth from $2.00 to $1.75 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of eHealth in a report on Thursday, August 13th.

eHealth Trading Up 0.6%

NASDAQ EHTH opened at $0.95 on Thursday. The business’s fifty day moving average is $1.37 and its 200-day moving average is $1.53. The company has a debt-to-equity ratio of 0.21, a current ratio of 5.12 and a quick ratio of 5.12. The stock has a market capitalization of $30.45 million, a price-to-earnings ratio of -0.82 and a beta of 1.51. eHealth has a one year low of $0.90 and a one year high of $5.89.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported ($1.18) earnings per share for the quarter, missing the consensus estimate of ($0.84) by ($0.34). eHealth had a net margin of 5.42% and a return on equity of 6.13%. The company had revenue of $33.57 million for the quarter, compared to the consensus estimate of $33.28 million. Equities research analysts predict that eHealth will post 0.8 EPS for the current year.

Insider Activity at eHealth

In other news, Director Francis S. Soistman, Jr. sold 37,297 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $1.05, for a total transaction of $39,161.85. Following the transaction, the director owned 1,015,221 shares of the company’s stock, valued at $1,065,982.05. This represents a 3.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 7.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On eHealth

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its holdings in eHealth by 74.3% during the first quarter. Millennium Management LLC now owns 705,704 shares of the financial services provider’s stock valued at $4,714,000 after purchasing an additional 300,792 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of eHealth by 38.5% in the first quarter. Goldman Sachs Group Inc. now owns 144,263 shares of the financial services provider’s stock worth $964,000 after purchasing an additional 40,096 shares in the last quarter. Jane Street Group LLC increased its stake in shares of eHealth by 115.9% in the first quarter. Jane Street Group LLC now owns 234,894 shares of the financial services provider’s stock worth $1,569,000 after purchasing an additional 126,076 shares in the last quarter. Geode Capital Management LLC raised its position in shares of eHealth by 101.3% in the second quarter. Geode Capital Management LLC now owns 711,762 shares of the financial services provider’s stock valued at $3,097,000 after purchasing an additional 358,192 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of eHealth by 13.0% in the second quarter. JPMorgan Chase & Co. now owns 270,655 shares of the financial services provider’s stock valued at $1,177,000 after purchasing an additional 31,177 shares during the period. 79.54% of the stock is currently owned by institutional investors.

eHealth Company Profile

eHealth, Inc operates one of the largest online private health insurance exchanges in the United States. The company’s platform enables consumers to compare, select and enroll in individual, family and small-group health insurance plans offered by a broad network of licensed insurance carriers. In addition to Affordable Care Act–compliant offerings, eHealth provides dedicated services for Medicare Advantage, Medicare Supplement and Medicare Part D prescription drug plans, helping seniors navigate the complexities of Medicare coverage.

Through its digital marketplace, eHealth delivers real-time quotes, detailed plan comparisons and enrollment processing.