eHealth, Inc. (NASDAQ:EHTH) Given Average Rating of "Reduce" by Analysts

Key Points

• Analysts have an average rating of “Reduce” on eHealth (2 sell, 3 hold) with a mean 1‑year price target of $3.33 and several recent downgrades/price cuts from firms including Craig Hallum, Zacks, Weiss and RBC.
• Shares opened at $1.72 (market cap ~$53.4M) and trade well below their 200‑day moving average ($3.16); the company reported quarterly EPS of $2.06 (miss vs. $2.38) with revenue of $326.2M (beat), and a 1‑year trading range of $1.20–$7.09.
• CFO John Dolan purchased 25,000 shares at $1.53, bringing insiders to ~5.2% ownership, while institutional investors own ~79.5% and several hedge funds recently increased or initiated positions.

eHealth, Inc. (NASDAQ:EHTH - Get Free Report) has been assigned an average rating of "Reduce" from the five research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $3.3333.

Several brokerages have weighed in on EHTH. Craig Hallum lowered eHealth from a "buy" rating to a "hold" rating and set a $2.00 target price on the stock. in a research report on Thursday, February 26th. Zacks Research lowered eHealth from a "hold" rating to a "strong sell" rating in a research report on Tuesday, March 3rd. Weiss Ratings reissued a "sell (d+)" rating on shares of eHealth in a report on Monday, December 29th. Finally, Royal Bank Of Canada lowered their price objective on eHealth from $9.00 to $3.00 and set a "sector perform" rating on the stock in a report on Wednesday, March 11th.

eHealth Stock Down 4.4%

NASDAQ:EHTH opened at $1.72 on Friday. The firm has a market capitalization of $53.44 million, a price-to-earnings ratio of -2.42 and a beta of 1.15. eHealth has a 1-year low of $1.20 and a 1-year high of $7.09. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.19. The business's fifty day moving average price is $1.52 and its 200 day moving average price is $3.16.

eHealth (NASDAQ:EHTH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($0.32). eHealth had a net margin of 6.12% and a return on equity of 5.46%. The business had revenue of $326.24 million for the quarter, compared to analyst estimates of $318.25 million. On average, sell-side analysts forecast that eHealth will post 0.54 earnings per share for the current fiscal year.

Insider Activity at eHealth

In related news, CFO John Joseph Dolan acquired 25,000 shares of the stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $1.53 per share, with a total value of $38,250.00. Following the acquisition, the chief financial officer owned 208,755 shares in the company, valued at approximately $319,395.15. The trade was a 13.61% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 5.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Assenagon Asset Management S.A. increased its holdings in shares of eHealth by 54.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 261,853 shares of the financial services provider's stock valued at $338,000 after acquiring an additional 92,500 shares during the last quarter. Founders Financial Securities LLC acquired a new position in shares of eHealth during the 1st quarter valued at about $25,000. Corient Private Wealth LLC increased its holdings in shares of eHealth by 17.8% during the 4th quarter. Corient Private Wealth LLC now owns 66,232 shares of the financial services provider's stock valued at $304,000 after acquiring an additional 10,000 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of eHealth during the 4th quarter valued at about $155,000. Finally, Mackenzie Financial Corp increased its holdings in shares of eHealth by 11.4% during the 4th quarter. Mackenzie Financial Corp now owns 442,065 shares of the financial services provider's stock valued at $2,003,000 after acquiring an additional 45,086 shares during the last quarter. Institutional investors and hedge funds own 79.54% of the company's stock.

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.

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