eHealth (NASDAQ:EHTH) Raised to Buy at StockNews.com

eHealth (NASDAQ:EHTH - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Saturday.

eHealth Trading Down 6.7 %

NASDAQ:EHTH opened at $5.19 on Friday. The stock has a fifty day simple moving average of $6.86 and a 200 day simple moving average of $7.33. The firm has a market capitalization of $155.40 million, a price-to-earnings ratio of -1.82 and a beta of 0.81. eHealth has a 1-year low of $3.58 and a 1-year high of $11.36. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.14.

eHealth (NASDAQ:EHTH - Get Free Report) last released its earnings results on Wednesday, February 26th. The financial services provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.20. The business had revenue of $315.18 million for the quarter, compared to the consensus estimate of $293.47 million. eHealth had a negative net margin of 7.58% and a negative return on equity of 5.70%. Sell-side analysts forecast that eHealth will post -2.17 earnings per share for the current year.

Institutional Investors Weigh In On eHealth

Hedge funds have recently bought and sold shares of the business. Sona Asset Management US LLC acquired a new stake in shares of eHealth during the fourth quarter worth approximately $4,199,000. Findell Capital Management LLC grew its holdings in shares of eHealth by 16.4% during the 4th quarter. Findell Capital Management LLC now owns 1,373,000 shares of the financial services provider's stock valued at $12,906,000 after acquiring an additional 193,000 shares in the last quarter. Millennium Management LLC raised its holdings in shares of eHealth by 83.3% during the fourth quarter. Millennium Management LLC now owns 404,912 shares of the financial services provider's stock worth $3,806,000 after acquiring an additional 183,956 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in eHealth during the fourth quarter valued at $1,383,000. Finally, Two Sigma Advisers LP grew its stake in eHealth by 86.6% in the fourth quarter. Two Sigma Advisers LP now owns 277,700 shares of the financial services provider's stock valued at $2,610,000 after purchasing an additional 128,900 shares in the last quarter. 79.54% of the stock is owned by hedge funds and other institutional investors.

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.

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