eHealth (NASDAQ:EHTH) Lowered to "Sell" Rating by Wall Street Zen

Key Points

• eHealth has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, reflecting negative sentiment towards the company's stock performance.
• Analysts have varied opinions on eHealth, with a consensus price target of $6.25 and only one analyst rating the stock as a buy.
• eHealth reported a quarterly earnings result of ($0.33) EPS, which exceeded expectations, and generated $113.12 million in revenue, surpassing analyst projections.

Wall Street Zen downgraded shares of eHealth (NASDAQ:EHTH - Free Report) from a hold rating to a sell rating in a research report report published on Saturday.

A number of other research analysts also recently issued reports on EHTH. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $11.00 price target on shares of eHealth in a research note on Monday, May 19th. UBS Group cut their price objective on shares of eHealth from $7.00 to $5.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $6.25.

eHealth Price Performance

Shares of NASDAQ EHTH traded up $0.15 during midday trading on Friday, hitting $3.61. The company's stock had a trading volume of 116,151 shares, compared to its average volume of 373,952. The business's fifty day simple moving average is $3.96 and its two-hundred day simple moving average is $6.01. eHealth has a 1 year low of $3.18 and a 1 year high of $11.36. The firm has a market capitalization of $110.32 million, a price-to-earnings ratio of -5.73 and a beta of 1.06.

Institutional Investors Weigh In On eHealth

Several hedge funds have recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of eHealth in the second quarter worth $29,000. R Squared Ltd bought a new stake in eHealth in the second quarter worth about $47,000. Graham Capital Management L.P. acquired a new position in shares of eHealth in the fourth quarter worth about $110,000. Prudential Financial Inc. acquired a new position in shares of eHealth in the 4th quarter valued at about $111,000. Finally, Intech Investment Management LLC bought a new stake in shares of eHealth in the 2nd quarter valued at approximately $55,000. 79.54% of the stock is owned by institutional investors and hedge funds.

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.