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

Shares of eHealth, Inc. (NASDAQ:EHTH) have been given a consensus recommendation of “Reduce” by the six brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $2.1875.

A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $3.00 target price on shares of eHealth in a research report on Friday, May 8th. Royal Bank Of Canada reduced their price objective on eHealth from $3.00 to $2.00 and set a “sector perform” rating for the company in a research report on Tuesday. UBS Group decreased their price objective on eHealth from $2.00 to $1.75 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of eHealth in a research report on Thursday, August 13th.

eHealth Stock Performance

Shares of NASDAQ EHTH opened at $1.19 on Thursday. eHealth has a 12 month low of $1.19 and a 12 month high of $5.89. The company has a market cap of $38.12 million, a P/E ratio of -1.03 and a beta of 1.49. The business’s 50 day moving average is $1.43 and its two-hundred day moving average is $1.56. The company has a quick ratio of 5.12, a current ratio of 5.12 and a debt-to-equity ratio of 0.21.

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

Institutional Trading of eHealth

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EHTH. Susquehanna International Group LLP lifted its stake in eHealth by 103.1% during the second quarter. Susquehanna International Group LLP now owns 97,843 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 49,673 shares during the period. Nantahala Capital Management LLC acquired a new stake in eHealth during the second quarter valued at approximately $2,624,547,000. Palo Alto Investors LP bought a new stake in shares of eHealth in the 2nd quarter valued at approximately $2,209,368,000. Bank of America Corp DE bought a new stake in shares of eHealth in the 2nd quarter valued at approximately $252,000. Finally, Hsbc Holdings PLC acquired a new position in shares of eHealth in the 2nd quarter worth approximately $111,000. Institutional investors own 79.54% of the company’s stock.

About eHealth

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.