eHealth (NASDAQ:EHTH – Get Rating) will release its earnings data before the market opens on Tuesday, February 28th. Analysts expect eHealth to post earnings of $0.46 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
eHealth Stock Performance
→ Free Stock Analysis Report: Get Buy, Sell, or Hold Recommendation (From Vector Vest)
Shares of NASDAQ:EHTH opened at $9.21 on Tuesday. The company has a market capitalization of $252.54 million, a price-to-earnings ratio of -1.47 and a beta of 0.57. eHealth has a 12 month low of $2.67 and a 12 month high of $15.68. The firm’s 50-day moving average is $6.53 and its 200 day moving average is $5.36. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.10.
Institutional Investors Weigh In On eHealth
A number of hedge funds and other institutional investors have recently bought and sold shares of EHTH. Swiss National Bank lifted its position in eHealth by 8.0% during the first quarter. Swiss National Bank now owns 59,300 shares of the financial services provider’s stock valued at $736,000 after acquiring an additional 4,400 shares during the last quarter. Bank of New York Mellon Corp increased its stake in eHealth by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 220,778 shares of the financial services provider’s stock valued at $2,739,000 after purchasing an additional 2,912 shares in the last quarter. Cetera Advisor Networks LLC acquired a new position in eHealth during the 1st quarter valued at approximately $187,000. Citigroup Inc. increased its stake in eHealth by 7.1% during the 1st quarter. Citigroup Inc. now owns 20,760 shares of the financial services provider’s stock valued at $258,000 after purchasing an additional 1,378 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in eHealth by 50.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,692 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 1,241 shares in the last quarter. Hedge funds and other institutional investors own 70.49% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. StockNews.com upgraded shares of eHealth from a “sell” rating to a “hold” rating in a research note on Saturday, December 24th. Truist Financial dropped their target price on shares of eHealth from $8.00 to $3.00 in a research note on Tuesday, November 8th. Craig Hallum upgraded shares of eHealth from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a research note on Thursday, December 1st. Deutsche Bank Aktiengesellschaft dropped their target price on shares of eHealth from $10.00 to $4.00 in a research note on Wednesday, November 9th. Finally, Citigroup dropped their target price on shares of eHealth from $9.00 to $4.50 in a research note on Tuesday, November 15th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $6.57.
About eHealth
eHealth, Inc engages in the provision of Internet-based health insurance agency services for individuals, families, and small businesses. It operates through the following segments: Medicare and Individual, Family, and Small Business. The Medicare segment consists primarily of commissions earned from sale of Medicare-related health insurance plans.
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