eHealth, Inc. (NASDAQ:EHTH) Receives Average Rating of “Reduce” from Analysts

Shares of eHealth, Inc. (NASDAQ:EHTH) have been given a consensus recommendation of “Reduce” by the six research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $3.25.

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $3.00 price target on shares of eHealth in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of eHealth in a research report on Monday, May 18th. Finally, Zacks Research upgraded eHealth from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th.

Institutional Investors Weigh In On eHealth

Several large investors have recently bought and sold shares of EHTH. Headlands Technologies LLC purchased a new position in shares of eHealth in the 4th quarter valued at about $62,000. Alliancebernstein L.P. acquired a new position in shares of eHealth during the third quarter worth about $54,000. Bank of America Corp DE increased its stake in shares of eHealth by 1,265.8% during the second quarter. Bank of America Corp DE now owns 11,186 shares of the financial services provider’s stock worth $49,000 after buying an additional 10,367 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of eHealth during the second quarter worth approximately $48,000. Finally, Cetera Investment Advisers acquired a new stake in eHealth in the first quarter valued at approximately $27,000. Hedge funds and other institutional investors own 79.54% of the company’s stock.

eHealth Trading Down 3.6%

Shares of EHTH stock opened at $1.33 on Friday. eHealth has a fifty-two week low of $1.20 and a fifty-two week high of $5.89. The company has a 50 day moving average price of $1.56 and a 200 day moving average price of $1.82. The stock has a market capitalization of $42.21 million, a P/E ratio of -1.39 and a beta of 1.48. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 3.67.

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.