eHealth (NASDAQ:EHTH) Downgraded 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 note issued to investors on Saturday.

Other equities analysts have also issued research reports about the company. UBS Group decreased their target price on eHealth from $7.00 to $5.00 and set a "neutral" rating for the company in a research report on Thursday. Royal Bank Of Canada reissued a "sector perform" rating and issued a $11.00 target price on shares of eHealth in a research report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $6.25.

eHealth Trading Down 0.6%

NASDAQ:EHTH traded down $0.02 during mid-day trading on Friday, reaching $3.43. The company's stock had a trading volume of 429,424 shares, compared to its average volume of 374,272. eHealth has a 12-month low of $3.18 and a 12-month high of $11.36. The firm's fifty day moving average price is $4.00 and its two-hundred day moving average price is $6.07. The stock has a market cap of $104.02 million, a P/E ratio of -5.44 and a beta of 1.06.

Institutional Trading of eHealth

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sona Asset Management US LLC purchased a new stake in eHealth in the fourth quarter worth $4,199,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of eHealth by 203.4% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 537,138 shares of the financial services provider's stock worth $3,588,000 after acquiring an additional 360,126 shares during the period. Geode Capital Management LLC increased its position in shares of eHealth by 101.3% during the second quarter. Geode Capital Management LLC now owns 711,762 shares of the financial services provider's stock worth $3,097,000 after acquiring an additional 358,192 shares during the period. Millennium Management LLC increased its position in shares of eHealth by 74.3% during the first quarter. Millennium Management LLC now owns 705,704 shares of the financial services provider's stock worth $4,714,000 after acquiring an additional 300,792 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of eHealth by 107.0% during the first quarter. Acadian Asset Management LLC now owns 445,911 shares of the financial services provider's stock worth $2,976,000 after acquiring an additional 230,480 shares during the period. 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.