eHealth (NASDAQ:EHTH) Rating Lowered to Hold at StockNews.com

eHealth (NASDAQ:EHTH - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Sunday.

Separately, UBS Group lowered their price target on shares of eHealth from $9.50 to $7.00 and set a "neutral" rating for the company in a report on Thursday. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $6.75.

eHealth Stock Down 4.3 %

Shares of NASDAQ EHTH opened at $5.14 on Friday. eHealth has a 12-month low of $3.58 and a 12-month high of $11.36. The stock has a market cap of $155.88 million, a P/E ratio of -1.80 and a beta of 1.11. 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 business's fifty day simple moving average is $6.49 and its 200-day simple moving average is $7.36.

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

Institutional Investors Weigh In On eHealth

Several institutional investors have recently added to or reduced their stakes in EHTH. R Squared Ltd purchased a new position in shares of eHealth during the fourth quarter worth about $29,000. Graham Capital Management L.P. purchased a new position in eHealth during the 4th quarter worth approximately $110,000. Prudential Financial Inc. purchased a new position in eHealth during the 4th quarter worth approximately $111,000. XTX Topco Ltd acquired a new position in eHealth during the fourth quarter worth approximately $145,000. Finally, Balyasny Asset Management L.P. purchased a new stake in eHealth in the fourth quarter valued at approximately $161,000. Hedge funds and other institutional investors own 79.54% of the company's stock.

About eHealth

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.