Weiss Ratings Reiterates "Sell (D)" Rating for eHealth (NASDAQ:EHTH)

Key Points

• Weiss Ratings has restated its "Sell (D)" rating for eHealth (NASDAQ:EHTH), indicating ongoing concerns about the company's financial health.
• UBS Group has lowered its price target for eHealth from $7.00 to $5.00 while maintaining a "neutral" rating, contributing to a consensus hold rating with a price target of $7.67.
• Institutional investors and hedge funds own approximately 79.54% of eHealth's stock, suggesting significant interest but also potential volatility influenced by larger investors' decisions.

eHealth (NASDAQ:EHTH - Get Free Report)'s stock had its "sell (d)" rating restated by equities researchers at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other research firms also recently issued reports on EHTH. UBS Group cut their price objective on eHealth from $7.00 to $5.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. Wall Street Zen downgraded eHealth from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, eHealth currently has a consensus rating of "Hold" and a consensus price target of $7.67.

eHealth Price Performance

NASDAQ EHTH traded down $0.15 on Wednesday, hitting $4.81. 331,589 shares of the company were exchanged, compared to its average volume of 327,981. The company's 50 day moving average price is $3.90 and its 200-day moving average price is $4.56. The firm has a market capitalization of $146.99 million, a P/E ratio of -7.63 and a beta of 1.29. eHealth has a twelve month low of $3.18 and a twelve month high of $11.36.

Hedge Funds Weigh In On eHealth

A number of hedge funds have recently added to or reduced their stakes in EHTH. Bank of America Corp DE increased its holdings in eHealth by 104.6% in the fourth quarter. Bank of America Corp DE now owns 35,570 shares of the financial services provider's stock worth $334,000 after buying an additional 18,187 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in eHealth by 22.5% in the first quarter. Assenagon Asset Management S.A. now owns 174,815 shares of the financial services provider's stock worth $1,168,000 after buying an additional 32,086 shares during the last quarter. Cannon Global Investment Management LLC acquired a new position in eHealth in the first quarter worth approximately $121,000. Y Intercept Hong Kong Ltd acquired a new position in eHealth in the first quarter worth approximately $706,000. Finally, Corton Capital Inc. acquired a new position in eHealth in the first quarter worth approximately $135,000. Institutional investors and hedge funds 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.

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