eHealth, Inc. (NASDAQ:EHTH) Given Average Recommendation of “Reduce” by Brokerages

eHealth, Inc. (NASDAQ:EHTH) has earned a consensus recommendation of “Reduce” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $3.25.

Several analysts have commented on EHTH shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of eHealth in a research note on Monday, May 18th. Zacks Research raised eHealth from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $3.00 price objective on shares of eHealth in a report on Friday, May 8th.

eHealth Stock Performance

NASDAQ:EHTH opened at $1.57 on Wednesday. The firm has a 50 day simple moving average of $1.66 and a 200-day simple moving average of $2.07. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.67 and a quick ratio of 3.67. The firm has a market cap of $49.83 million, a PE ratio of -1.64 and a beta of 1.48. eHealth has a 1-year low of $1.20 and a 1-year high of $5.89.

Institutional Trading of eHealth

A number of hedge funds have recently added to or reduced their stakes in EHTH. Nantahala Capital Management LLC increased its stake in shares of eHealth by 34.3% during the 3rd quarter. Nantahala Capital Management LLC now owns 1,761,441 shares of the financial services provider’s stock valued at $7,592,000 after acquiring an additional 450,000 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of eHealth by 0.3% in the third quarter. Vanguard Group Inc. now owns 1,526,098 shares of the financial services provider’s stock worth $6,577,000 after acquiring an additional 4,958 shares during the last quarter. Findell Capital Management LLC grew its holdings in eHealth by 15.0% in the fourth quarter. Findell Capital Management LLC now owns 1,408,975 shares of the financial services provider’s stock valued at $6,481,000 after purchasing an additional 183,975 shares during the period. Geode Capital Management LLC grew its holdings in eHealth by 101.3% in the second quarter. Geode Capital Management LLC now owns 711,762 shares of the financial services provider’s stock valued at $3,097,000 after purchasing an additional 358,192 shares during the period. Finally, Millennium Management LLC increased its position in 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 purchasing an additional 300,792 shares during the last quarter. 79.54% of the stock is owned by institutional investors and hedge funds.

About eHealth

eHealth, Inc operates one of the largest online private health insurance exchanges in the United States. The company’s platform enables consumers to compare, select and enroll in individual, family and small-group health insurance plans offered by a broad network of licensed insurance carriers. In addition to Affordable Care Act–compliant offerings, eHealth provides dedicated services for Medicare Advantage, Medicare Supplement and Medicare Part D prescription drug plans, helping seniors navigate the complexities of Medicare coverage.

Through its digital marketplace, eHealth delivers real-time quotes, detailed plan comparisons and enrollment processing.