Analysts Set eHealth, Inc. (NASDAQ:EHTH) PT at $3.33

Shares of eHealth, Inc. (NASDAQ:EHTH) have been assigned an average recommendation of “Reduce” from the five analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $3.3333.

EHTH has been the topic of a number of research analyst reports. Royal Bank Of Canada decreased their price target on shares of eHealth from $9.00 to $3.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of eHealth in a report on Monday, December 29th. Craig Hallum cut eHealth from a “buy” rating to a “hold” rating and set a $2.00 target price on the stock. in a research note on Thursday, February 26th. Finally, Zacks Research downgraded eHealth from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd.

eHealth Trading Down 0.8%

Shares of EHTH stock opened at $1.28 on Monday. The company has a market capitalization of $39.77 million, a PE ratio of -1.80 and a beta of 1.15. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.03. The business’s fifty day moving average is $1.86 and its 200 day moving average is $3.44. eHealth has a 52-week low of $1.20 and a 52-week high of $7.09.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($0.32). The company had revenue of $326.24 million during the quarter, compared to the consensus estimate of $318.25 million. eHealth had a return on equity of 5.46% and a net margin of 6.12%. On average, equities research analysts anticipate that eHealth will post -2.17 EPS for the current fiscal year.

Insider Activity

In other news, CFO John Joseph Dolan acquired 25,000 shares of eHealth stock in a transaction dated Friday, March 6th. The shares were purchased at an average cost of $1.53 per share, for a total transaction of $38,250.00. Following the transaction, the chief financial officer owned 208,755 shares of the company’s stock, valued at $319,395.15. This trade represents a 13.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 5.20% of the company’s stock.

Institutional Trading of eHealth

A number of 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 valued at approximately $29,000. The Manufacturers Life Insurance Company bought a new stake in shares of eHealth in the 2nd quarter worth approximately $48,000. Bank of America Corp DE boosted its stake in shares of eHealth by 1,265.8% in the 2nd 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. Alliancebernstein L.P. bought a new position in shares of eHealth during the 3rd quarter valued at $54,000. Finally, Intech Investment Management LLC bought a new position in shares of eHealth during the 2nd quarter valued at $55,000. Institutional investors own 79.54% of the company’s stock.

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.