eHealth (NASDAQ:EHTH) Upgraded at StockNews.com

StockNews.com upgraded shares of eHealth (NASDAQ:EHTH) from a sell rating to a hold rating in a research report released on Friday.

A number of other analysts have also recently weighed in on EHTH. UBS Group started coverage on shares of eHealth in a report on Wednesday, December 4th. They issued a “neutral” rating and a $5.50 price objective on the stock. Royal Bank of Canada decreased their target price on shares of eHealth from $13.00 to $11.00 and set a “sector perform” rating for the company in a report on Monday, November 25th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, eHealth currently has an average rating of “Hold” and an average target price of $6.38.

eHealth Trading Down 2.1 %

NASDAQ EHTH opened at $8.12 on Friday. eHealth has a 12 month low of $3.58 and a 12 month high of $11.36. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.10 and a quick ratio of 3.10. The company has a market capitalization of $243.14 million, a price-to-earnings ratio of -2.85 and a beta of 0.44. The company’s fifty day moving average price is $9.73 and its two-hundred day moving average price is $6.68.

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

Hedge Funds Weigh In On eHealth

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its stake in shares of eHealth by 4.0% in the fourth quarter. American Century Companies Inc. now owns 46,422 shares of the financial services provider’s stock worth $436,000 after buying an additional 1,772 shares during the last quarter. R Squared Ltd bought a new stake in eHealth in the 4th quarter valued at $29,000. Public Employees Retirement System of Ohio grew its holdings in shares of eHealth by 40.7% in the 3rd 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. Sei Investments Co. lifted its position in eHealth by 5.3% during the 4th quarter. Sei Investments Co. now owns 110,728 shares of the financial services provider’s stock worth $1,041,000 after buying an additional 5,622 shares in the last quarter. Finally, SkyView Investment Advisors LLC lifted its position in eHealth by 28.7% during the 3rd quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider’s stock worth $122,000 after buying an additional 6,694 shares in the last quarter. Institutional investors own 79.54% of the company’s stock.

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.