Zacks Investment Research Lowers eHealth (EHTH) to Sell

Zacks Investment Research lowered shares of eHealth (NASDAQ:EHTH) from a hold rating to a sell rating in a research report released on Tuesday morning.

According to Zacks, “eHealth, Inc. is the parent company of eHealthInsurance, the leading online source of health insurance for individuals, families and small businesses. eHealthInsurance presents complex health insurance information in an objective, user-friendly format, enabling the research, analysis, comparison and purchase of health insurance products that best meet consumers’ needs. eHealth and eHealthInsurance.com are registered trademarks of eHealthInsurance Services, Inc. eHealth, Inc. and its technology was responsible for the nation’s first Internet-based sale of a health insurance policy. The Company is headquartered in Mountain View, California. “

EHTH has been the topic of a number of other research reports. Jefferies Group increased their price objective on eHealth from $20.00 to $23.00 and gave the company a hold rating in a report on Monday, October 30th. Cantor Fitzgerald reiterated a buy rating and issued a $27.00 price objective on shares of eHealth in a report on Wednesday, October 18th. SunTrust Banks reissued a buy rating and issued a $30.00 target price on shares of eHealth in a research report on Friday, October 27th. TheStreet cut eHealth from a c- rating to a d rating in a research report on Wednesday, December 13th. Finally, BidaskClub cut eHealth from a sell rating to a strong sell rating in a research report on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $25.33.

eHealth (NASDAQ EHTH) traded up $0.25 on Tuesday, hitting $18.67. The stock had a trading volume of 116,639 shares, compared to its average volume of 208,426. eHealth has a fifty-two week low of $10.35 and a fifty-two week high of $28.59. The stock has a market cap of $345.07, a P/E ratio of -16.23 and a beta of 1.58.

eHealth (NASDAQ:EHTH) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported ($0.98) EPS for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.25). eHealth had a negative net margin of 11.94% and a negative return on equity of 21.88%. The business had revenue of $26.62 million during the quarter, compared to analysts’ expectations of $25.55 million. During the same quarter in the previous year, the company posted ($0.23) EPS. The company’s revenue was down 17.0% compared to the same quarter last year. research analysts expect that eHealth will post -1.6 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in EHTH. BNP Paribas Arbitrage SA boosted its position in shares of eHealth by 92.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,611 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 3,650 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of eHealth by 58.8% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,290 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 2,330 shares during the period. Thrivent Financial For Lutherans acquired a new stake in shares of eHealth in the 2nd quarter valued at about $190,000. Hancock Holding Co. acquired a new stake in shares of eHealth in the 2nd quarter valued at about $198,000. Finally, Voya Investment Management LLC acquired a new stake in shares of eHealth in the 2nd quarter valued at about $201,000. 89.94% of the stock is owned by hedge funds and other institutional investors.

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eHealth Company Profile

eHealth, Inc provides a private online source of health insurance for individuals, families and small businesses. The Company is the parent company of eHealthInsurance, a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers side-by-side, and purchase and enroll in coverage online through its Websites (www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com) or telephonically through its customer care centers.

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