eHealth (EHTH) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of eHealth (NASDAQ:EHTH) from a buy rating to a hold rating in a report released on Tuesday.

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. “

A number of other research firms have also recently weighed in on EHTH. ValuEngine raised eHealth from a sell rating to a hold rating in a report on Wednesday, May 2nd. BidaskClub raised eHealth from a sell rating to a hold rating in a report on Tuesday, May 1st. TheStreet raised eHealth from a d rating to a c- rating in a report on Thursday, April 26th. Finally, Cantor Fitzgerald reissued a buy rating and issued a $20.00 price target on shares of eHealth in a report on Tuesday, March 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $24.00.

eHealth traded up $18.84, hitting $18.84, during midday trading on Tuesday, MarketBeat reports. 73,400 shares of the stock were exchanged, compared to its average volume of 145,784. The stock has a market cap of $358.59 million, a PE ratio of -14.72 and a beta of 1.63. eHealth has a fifty-two week low of $18.64 and a fifty-two week high of $18.81.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Thursday, April 26th. The financial services provider reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.34. The firm had revenue of $43.07 million during the quarter, compared to analysts’ expectations of $38.55 million. eHealth had a negative return on equity of 45.84% and a negative net margin of 46.66%. sell-side analysts anticipate that eHealth will post 0.31 EPS for the current year.

In other news, SVP Jay Walter Jennings sold 5,300 shares of the business’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $18.73, for a total value of $99,269.00. Following the completion of the transaction, the senior vice president now directly owns 53,322 shares of the company’s stock, valued at $998,721.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.22% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC acquired a new position in eHealth in the fourth quarter valued at $139,000. KBC Group NV acquired a new position in eHealth in the first quarter valued at $115,000. Landscape Capital Management L.L.C. acquired a new position in eHealth in the first quarter valued at $216,000. B. Riley Financial Inc. acquired a new position in eHealth in the fourth quarter valued at $323,000. Finally, A.R.T. Advisors LLC acquired a new position in eHealth in the first quarter valued at $275,000. Hedge funds and other institutional investors own 90.69% of the company’s stock.

About eHealth

eHealth, Inc provides private online health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its e-commerce 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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