eHealth, Inc. (NASDAQ:EHTH – Get Rating) has received a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $13.71.
A number of research analysts recently issued reports on EHTH shares. Deutsche Bank Aktiengesellschaft cut their price target on eHealth from $19.00 to $10.00 in a report on Thursday, May 5th. Royal Bank of Canada reduced their price target on eHealth from $17.00 to $16.00 and set a “sector perform” rating for the company in a research report on Tuesday. Truist Financial reduced their price target on eHealth from $12.00 to $8.00 and set a “hold” rating for the company in a research report on Tuesday. Finally, Citigroup dropped their price objective on eHealth from $13.00 to $9.00 in a research note on Tuesday.
eHealth Stock Up 3.7 %
Shares of EHTH stock opened at $7.83 on Thursday. The stock has a market cap of $210.13 million, a P/E ratio of -1.30 and a beta of 0.27. eHealth has a one year low of $6.98 and a one year high of $48.56. The stock has a fifty day moving average price of $8.93 and a 200 day moving average price of $11.42. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.12 and a quick ratio of 5.12.
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eHealth (NASDAQ:EHTH – Get Rating) last released its quarterly earnings data on Monday, August 8th. The financial services provider reported ($1.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.24). eHealth had a negative return on equity of 12.15% and a negative net margin of 26.77%. The company had revenue of $50.40 million for the quarter, compared to analyst estimates of $74.89 million. During the same quarter in the prior year, the company earned ($0.70) earnings per share. The business’s revenue was down 47.8% compared to the same quarter last year. Analysts predict that eHealth will post -3.51 earnings per share for the current year.
Institutional Investors Weigh In On eHealth
A number of large investors have recently added to or reduced their stakes in EHTH. PNC Financial Services Group Inc. increased its position 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 worth $45,000 after buying an additional 1,241 shares during the period. Allspring Global Investments Holdings LLC bought a new position in eHealth during the 4th quarter worth $94,000. State of Tennessee Treasury Department increased its position in eHealth by 17.9% during the 1st quarter. State of Tennessee Treasury Department now owns 8,847 shares of the financial services provider’s stock worth $110,000 after buying an additional 1,341 shares during the period. MetLife Investment Management LLC increased its position in eHealth by 61.0% during the 1st quarter. MetLife Investment Management LLC now owns 13,195 shares of the financial services provider’s stock worth $164,000 after buying an additional 4,999 shares during the period. Finally, Spearhead Capital Advisors LLC bought a new position in eHealth during the 1st quarter worth $168,000. Institutional investors own 91.11% of the company’s stock.
About eHealth
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.
Further Reading
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