eHealth (NASDAQ:EHTH) Stock Rating Upgraded by StockNews.com

eHealth (NASDAQ:EHTH) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

EHTH has been the topic of several other reports. Royal Bank of Canada decreased their price objective on shares of eHealth from $13.00 to $11.00 and set a “sector perform” rating on the stock in a research report on Monday, November 25th. UBS Group started coverage on eHealth in a report on Wednesday, December 4th. They set a “neutral” rating and a $5.50 price target on the stock. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, eHealth presently has a consensus rating of “Hold” and a consensus price target of $6.38.

eHealth Trading Down 2.1 %

NASDAQ:EHTH opened at $8.12 on Friday. eHealth has a one year low of $3.58 and a one year high of $11.36. The business has a fifty day moving average price of $9.73 and a 200-day moving average price of $6.66. The firm has a market capitalization of $243.14 million, a price-to-earnings ratio of -2.85 and a beta of 0.44. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.10 and a quick ratio of 3.10.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.20. The business had revenue of $315.18 million during the quarter, compared to analysts’ expectations of $293.47 million. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. Sell-side analysts forecast that eHealth will post -2.17 EPS for the current year.

Institutional Investors Weigh In On eHealth

Several large investors have recently made changes to their positions in EHTH. R Squared Ltd purchased a new position in eHealth during the 4th quarter valued at approximately $29,000. Graham Capital Management L.P. purchased a new position in shares of eHealth in the fourth quarter valued at $110,000. Prudential Financial Inc. purchased a new position in shares of eHealth in the fourth quarter valued at $111,000. Public Employees Retirement System of Ohio increased its position in eHealth by 40.7% in the third quarter. Public Employees Retirement System of Ohio now owns 12,451 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 3,600 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in eHealth during the fourth quarter valued at $145,000. 79.54% of the stock is owned by institutional investors.

eHealth Company Profile

eHealth, Inc operates a health insurance marketplace that provides consumer engagement, education, and health insurance enrollment solutions in the United States. The company operates in two segments, Medicare; and Employer and Individual. The Medicare segment offers sale of Medicare-related health insurance plans, which includes Medicare advantage, Medicare Supplement, and Medicare Part D prescription drug plans to Medicare-eligible customers including but not limited to, dental, and vision insurance, as well as advertising program for marketing and other services.