eHealth, Inc. (NASDAQ:EHTH – Get Rating) has received an average recommendation of “Hold” from the nine research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $8.50.
Several equities research analysts have issued reports on the stock. Citigroup dropped their target price on shares of eHealth from $9.00 to $4.50 in a research report on Tuesday, November 15th. StockNews.com lowered shares of eHealth from a “hold” rating to a “sell” rating in a report on Thursday, December 8th. Craig Hallum upgraded shares of eHealth from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a report on Thursday, December 1st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of eHealth from $10.00 to $4.00 in a report on Wednesday, November 9th. Finally, Credit Suisse Group set a $4.00 price objective on shares of eHealth in a report on Thursday, November 24th.
eHealth Trading Up 5.4 %
Shares of eHealth stock opened at $4.46 on Wednesday. eHealth has a 1 year low of $2.67 and a 1 year high of $27.89. The firm has a market cap of $122.30 million, a PE ratio of -0.71 and a beta of 0.50. The company has a debt-to-equity ratio of 0.10, a current ratio of 5.83 and a quick ratio of 5.83. The company has a 50 day simple moving average of $3.44 and a two-hundred day simple moving average of $6.24.
eHealth (NASDAQ:EHTH – Get Rating) last announced its earnings results on Monday, November 7th. The financial services provider reported ($1.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.94) by $0.63. eHealth had a negative net margin of 31.28% and a negative return on equity of 13.64%. The business had revenue of $53.38 million during the quarter, compared to analyst estimates of $48.73 million. During the same period in the previous year, the business posted ($1.96) earnings per share. Analysts expect that eHealth will post -3.52 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, CEO Francis S. Soistman, Jr. bought 80,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were bought at an average cost of $3.08 per share, with a total value of $246,400.00. Following the completion of the purchase, the chief executive officer now directly owns 428,515 shares in the company, valued at $1,319,826.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Starboard Value LP increased its position in eHealth by 9.5% during the 1st quarter. Starboard Value LP now owns 2,243,117 shares of the financial services provider’s stock valued at $27,837,000 after purchasing an additional 195,000 shares during the period. Palo Alto Investors LP grew its position in shares of eHealth by 19.5% in the 3rd quarter. Palo Alto Investors LP now owns 1,977,993 shares of the financial services provider’s stock worth $7,734,000 after buying an additional 323,300 shares during the period. State Street Corp grew its position in shares of eHealth by 1.6% in the 1st quarter. State Street Corp now owns 921,306 shares of the financial services provider’s stock worth $11,433,000 after buying an additional 14,096 shares during the period. Neuberger Berman Group LLC grew its position in shares of eHealth by 1.9% in the 3rd quarter. Neuberger Berman Group LLC now owns 676,706 shares of the financial services provider’s stock worth $2,651,000 after buying an additional 12,329 shares during the period. Finally, Redwood Investment Management LLC grew its position in shares of eHealth by 144.9% in the 3rd quarter. Redwood Investment Management LLC now owns 676,294 shares of the financial services provider’s stock worth $2,644,000 after buying an additional 400,170 shares during the period. 87.16% of the stock is owned by hedge funds and other institutional investors.
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 Individual, Family and Small Business. Its ecommerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.
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