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

Key Points

• Weiss Ratings has reiterated a "Sell (D)" rating for eHealth (NASDAQ:EHTH), suggesting analysts have concerns about the stock's performance.
• UBS Group lowered its price target for eHealth from $7.00 to $5.00, maintaining a "neutral" rating, reflecting a more pessimistic outlook.
• eHealth's stock currently has a consensus rating of "Hold" with an average target price of $7.67, indicating mixed views from analysts.

eHealth (NASDAQ:EHTH - Get Free Report)'s stock had its "sell (d)" rating reissued by analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Several other equities analysts also recently issued reports on EHTH. UBS Group dropped their price target on shares of eHealth from $7.00 to $5.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Wall Street Zen downgraded shares of eHealth from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One research 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.com, the company currently has a consensus rating of "Hold" and a consensus target price of $7.67.

eHealth Price Performance

Shares of NASDAQ:EHTH opened at $5.27 on Friday. The company has a market cap of $161.05 million, a price-to-earnings ratio of -8.36 and a beta of 1.29. The firm has a 50 day simple moving average of $4.22 and a 200 day simple moving average of $4.42. eHealth has a one year low of $3.18 and a one year high of $11.36.

Hedge Funds Weigh In On eHealth

Hedge funds have recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey bought a new position in eHealth during the second quarter worth $29,000. R Squared Ltd bought a new position in eHealth during the second quarter worth $47,000. The Manufacturers Life Insurance Company bought a new stake in eHealth in the second quarter valued at $48,000. Bank of America Corp DE increased its stake in eHealth by 1,265.8% in the second quarter. Bank of America Corp DE now owns 11,186 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 10,367 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in eHealth in the second quarter valued at $55,000. 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.

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