eHealth (EHTH) Rating Lowered to Sell at Zacks Investment Research

eHealth (NASDAQ:EHTH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday, January 16th.

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 equities analysts have also recently weighed in on the stock. BidaskClub cut shares of eHealth from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 14th. Craig Hallum restated a “buy” rating and set a $28.00 price objective on shares of eHealth in a research report on Monday, December 11th. TheStreet cut shares of eHealth from a “c-” rating to a “d” rating in a research report on Wednesday, December 13th. ValuEngine upgraded shares of eHealth from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $27.00 target price on shares of eHealth in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $25.33.

eHealth (EHTH) opened at $18.99 on Tuesday. eHealth has a 12 month low of $10.35 and a 12 month high of $28.59. The stock has a market cap of $347.68, a price-to-earnings ratio of -16.51 and a beta of 1.58.

eHealth (NASDAQ:EHTH) last posted its earnings results on Thursday, October 26th. The financial services provider reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.73) by ($0.25). The firm had revenue of $26.62 million during the quarter, compared to analyst estimates of $25.55 million. eHealth had a negative net margin of 11.94% and a negative return on equity of 21.88%. The business’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.23) earnings per share. research analysts expect that eHealth will post -1.49 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. purchased a new stake in shares of eHealth in the third quarter valued at about $1,550,000. State Street Corp grew its holdings in shares of eHealth by 5.4% in the second quarter. State Street Corp now owns 400,022 shares of the financial services provider’s stock valued at $7,521,000 after purchasing an additional 20,572 shares during the period. Wells Fargo & Company MN grew its holdings in shares of eHealth by 30.1% in the second quarter. Wells Fargo & Company MN now owns 18,516 shares of the financial services provider’s stock valued at $348,000 after purchasing an additional 4,288 shares during the period. Vanguard Group Inc. grew its holdings in shares of eHealth by 4.5% in the second quarter. Vanguard Group Inc. now owns 974,784 shares of the financial services provider’s stock valued at $18,326,000 after purchasing an additional 42,288 shares during the period. Finally, GSA Capital Partners LLP grew its holdings in shares of eHealth by 67.6% in the second quarter. GSA Capital Partners LLP now owns 82,302 shares of the financial services provider’s stock valued at $1,547,000 after purchasing an additional 33,200 shares during the period. 89.90% 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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