eHealth (NASDAQ:EHTH) Upgraded at StockNews.com

StockNews.com upgraded shares of eHealth (NASDAQ:EHTH) from a sell rating to a hold rating in a research note released on Friday.

Several other research analysts have also issued reports on the stock. Royal Bank of Canada reduced their target price on shares of eHealth from $13.00 to $11.00 and set a “sector perform” rating on the stock in a research note on Monday, November 25th. UBS Group began coverage on shares of eHealth in a report on Wednesday, December 4th. They issued a “neutral” rating and a $5.50 price objective on the stock. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $6.38.

eHealth Stock Performance

EHTH stock opened at $8.12 on Friday. The company has a 50 day moving average price of $9.74 and a 200 day moving average price of $6.62. eHealth has a fifty-two week low of $3.58 and a fifty-two week high of $11.36. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.10 and a quick ratio of 3.10. The stock has a market capitalization of $243.14 million, a PE ratio of -2.85 and a beta of 0.44.

eHealth (NASDAQ:EHTH) last released its earnings results on Wednesday, February 26th. The financial services provider reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.20. The company had revenue of $315.18 million during the quarter, compared to the consensus estimate of $293.47 million. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. Analysts forecast that eHealth will post -2.17 EPS for the current year.

Hedge Funds Weigh In On eHealth

Several institutional investors have recently modified their holdings of EHTH. R Squared Ltd acquired a new stake in shares of eHealth in the 4th quarter valued at approximately $29,000. Graham Capital Management L.P. acquired a new stake in eHealth in the fourth quarter worth $110,000. Prudential Financial Inc. bought a new position in shares of eHealth during the fourth quarter worth $111,000. Public Employees Retirement System of Ohio grew its holdings in shares of eHealth by 40.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,451 shares of the financial services provider’s stock valued at $51,000 after buying an additional 3,600 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of eHealth in the 4th quarter valued at $145,000. 79.54% of the stock is currently owned by institutional investors and hedge funds.

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.