eHealth (NASDAQ:EHTH - Free Report) had its price target decreased by UBS Group from $7.00 to $5.00 in a research report released on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the financial services provider's stock.
A number of other analysts have also issued reports on EHTH. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $11.00 target price on shares of eHealth in a research report on Monday, May 19th. Wall Street Zen lowered eHealth from a "buy" rating to a "hold" rating in a research report on Sunday, May 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $6.25.
Check Out Our Latest Stock Analysis on eHealth
eHealth Stock Performance
Shares of NASDAQ EHTH traded down $0.02 during midday trading on Thursday, reaching $3.43. 429,424 shares of the company's stock were exchanged, compared to its average volume of 724,962. eHealth has a 52-week low of $3.18 and a 52-week high of $11.36. The stock has a market capitalization of $104.82 million, a PE ratio of -5.44 and a beta of 1.06. The business's fifty day moving average price is $3.98 and its two-hundred day moving average price is $6.03.
Hedge Funds Weigh In On eHealth
A number of hedge funds have recently bought and sold shares of EHTH. Police & Firemen s Retirement System of New Jersey acquired a new position in eHealth in the second quarter worth about $29,000. R Squared Ltd acquired a new position in eHealth in the second quarter worth about $47,000. Intech Investment Management LLC acquired a new position in eHealth in the second quarter worth about $55,000. Graham Capital Management L.P. acquired a new position in eHealth in the fourth quarter worth about $110,000. Finally, Prudential Financial Inc. acquired a new position in eHealth in the fourth quarter valued at approximately $111,000. 79.54% of the stock is currently owned by institutional investors and hedge funds.
About eHealth
(
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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.
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