eHealth (NASDAQ:EHTH) Upgraded at StockNews.com

StockNews.com upgraded shares of eHealth (NASDAQ:EHTH - Free Report) from a hold rating to a buy rating in a report published on Saturday.

eHealth Trading Up 6.3 %

Shares of EHTH stock traded up $0.36 during mid-day trading on Friday, reaching $6.11. The stock had a trading volume of 69,624 shares, compared to its average volume of 261,618. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $185.30 million, a PE ratio of -2.14 and a beta of 1.11. eHealth has a 52-week low of $3.58 and a 52-week high of $11.36. The stock's 50-day moving average price is $6.62 and its two-hundred day moving average price is $7.33.

eHealth (NASDAQ:EHTH - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported ($0.33) earnings per share for the quarter, topping analysts' consensus estimates of ($0.41) by $0.08. The firm had revenue of $113.12 million for the quarter, compared to analyst estimates of $99.46 million. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. Equities analysts expect that eHealth will post -2.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EHTH. American Century Companies Inc. lifted its holdings in shares of eHealth by 4.0% during the fourth quarter. American Century Companies Inc. now owns 46,422 shares of the financial services provider's stock valued at $436,000 after purchasing an additional 1,772 shares during the last quarter. R Squared Ltd bought a new position in eHealth during the 4th quarter valued at approximately $29,000. Sei Investments Co. raised its stake in eHealth by 5.3% during the fourth quarter. Sei Investments Co. now owns 110,728 shares of the financial services provider's stock valued at $1,041,000 after buying an additional 5,622 shares during the last quarter. Jump Financial LLC boosted its holdings in eHealth by 34.8% in the fourth quarter. Jump Financial LLC now owns 29,710 shares of the financial services provider's stock worth $279,000 after acquiring an additional 7,678 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of eHealth by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 325,972 shares of the financial services provider's stock worth $3,065,000 after acquiring an additional 7,680 shares during the last quarter. Hedge funds and other 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.