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eHealth, Inc. (NASDAQ:EHTH) Receives Consensus Recommendation of “Hold” from Brokerages – Defense World

Written by Amanda

eHealth, Inc. (NASDAQ:EHTH) Receives Consensus Recommendation of “Hold” from Brokerages  Defense World

eHealth, Inc. (NASDAQ:EHTHGet Rating) has earned an average rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $17.29.

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on eHealth from $19.00 to $10.00 in a report on Thursday, May 5th. Truist Financial lowered eHealth from a “buy” rating to a “hold” rating and set a $15.00 price objective for the company. in a report on Wednesday, March 2nd. Credit Suisse Group lowered their price objective on eHealth from $31.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, March 3rd. StockNews.com assumed coverage on eHealth in a report on Thursday, March 31st. They issued a “sell” rating for the company. Finally, Citigroup lowered eHealth from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $37.00 to $15.00 in a report on Monday, March 21st.

Several large investors have recently bought and sold shares of EHTH. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of eHealth by 205.0% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 610 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 410 shares during the last quarter. Allworth Financial LP bought a new position in eHealth in the 4th quarter worth approximately $25,000. Point72 Hong Kong Ltd bought a new position in eHealth in the 3rd quarter worth approximately $39,000. PNC Financial Services Group Inc. grew its holdings in eHealth by 50.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,692 shares of the financial services provider’s stock worth $45,000 after buying an additional 1,241 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in eHealth in the 4th quarter worth approximately $94,000. 91.11% of the stock is owned by institutional investors.

NASDAQ:EHTH opened at $9.50 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 5.12 and a current ratio of 5.12. eHealth has a one year low of $7.89 and a one year high of $63.20. The business’s 50-day simple moving average is $9.98 and its 200 day simple moving average is $15.56. The stock has a market cap of $254.94 million, a price-to-earnings ratio of -1.58 and a beta of 0.34.

eHealth (NASDAQ:EHTHGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The financial services provider reported ($1.06) EPS for the quarter, topping the consensus estimate of ($1.26) by $0.20. eHealth had a negative return on equity of 12.15% and a negative net margin of 26.77%. The business had revenue of $105.25 million for the quarter, compared to analysts’ expectations of $100.51 million. During the same quarter in the previous year, the firm posted $0.02 earnings per share. The company’s revenue was down 21.6% compared to the same quarter last year. On average, equities research analysts predict that eHealth will post -3.51 EPS for the current year.

eHealth Company Profile (Get Rating)

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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Analyst Recommendations for eHealth (NASDAQ:EHTH)

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Source: defenseworld.net

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Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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