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

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

A number of other brokerages have also recently issued reports on EHTH. Deutsche Bank Aktiengesellschaft lowered their target price on shares of eHealth from $5.00 to $2.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Craig Hallum lowered their target price on shares of eHealth from $6.00 to $5.00 and set a “hold” rating on the stock in a report on Thursday, August 8th.

eHealth Trading Down 1.4 %

NASDAQ:EHTH opened at $5.02 on Tuesday. The stock has a market capitalization of $147.61 million, a PE ratio of -1.86 and a beta of 0.49. The firm’s 50 day moving average is $4.33 and its 200 day moving average is $4.64. eHealth has a 12 month low of $3.58 and a 12 month high of $9.45.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($1.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.85) by ($0.38). The company had revenue of $65.86 million during the quarter, compared to the consensus estimate of $55.79 million. eHealth had a negative return on equity of 4.03% and a negative net margin of 6.32%. Research analysts predict that eHealth will post -1.51 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC increased its holdings in shares of eHealth by 307.5% in the second quarter. Cubist Systematic Strategies LLC now owns 175,878 shares of the financial services provider’s stock worth $797,000 after purchasing an additional 132,720 shares during the period. Marshall Wace LLP bought a new position in shares of eHealth in the second quarter worth $675,000. American Century Companies Inc. increased its holdings in shares of eHealth by 15.5% in the second quarter. American Century Companies Inc. now owns 38,170 shares of the financial services provider’s stock worth $173,000 after purchasing an additional 5,120 shares during the period. Renaissance Technologies LLC increased its holdings in shares of eHealth by 104.7% in the second quarter. Renaissance Technologies LLC now owns 257,600 shares of the financial services provider’s stock worth $1,167,000 after purchasing an additional 131,772 shares during the period. Finally, GSA Capital Partners LLP bought a new position in shares of eHealth in the first quarter worth $472,000. 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.