eHealth (NASDAQ:EHTH) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Thursday.

A number of other equities research analysts have also recently issued reports on EHTH. Jefferies Group upped their target price on shares of eHealth from $18.00 to $20.00 and gave the company a “hold” rating in a report on Sunday, August 20th. Cantor Fitzgerald upped their target price on shares of eHealth from $21.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, October 2nd. Zacks Investment Research raised shares of eHealth from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 3rd. TheStreet raised shares of eHealth from a “d+” rating to a “c” rating in a report on Monday, October 16th. Finally, Wells Fargo & Company increased their price target on shares of eHealth from $18.00 to $24.00 and gave the company a “market perform” rating in a report on Thursday, October 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. eHealth has a consensus rating of “Hold” and a consensus price target of $25.33.

Shares of eHealth (EHTH) opened at $17.83 on Thursday. eHealth has a 52-week low of $10.23 and a 52-week high of $28.59.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Redmile Group LLC grew its position in shares of eHealth by 2.7% during the 2nd quarter. Redmile Group LLC now owns 1,223,334 shares of the financial services provider’s stock worth $22,999,000 after purchasing an additional 32,000 shares in the last quarter. Vanguard Group Inc. grew its position in shares of eHealth by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 974,784 shares of the financial services provider’s stock worth $18,326,000 after purchasing an additional 42,288 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of eHealth by 7.4% during the 2nd quarter. Renaissance Technologies LLC now owns 943,600 shares of the financial services provider’s stock worth $17,740,000 after purchasing an additional 64,700 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of eHealth by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 656,458 shares of the financial services provider’s stock worth $12,341,000 after purchasing an additional 11,026 shares in the last quarter. Finally, State Street Corp grew its position in shares of eHealth by 5.4% during the 2nd quarter. State Street Corp now owns 400,022 shares of the financial services provider’s stock worth $7,521,000 after purchasing an additional 20,572 shares in the last quarter. 89.94% of the stock is currently owned by hedge funds and other institutional investors.

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About eHealth

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.

Analyst Recommendations for eHealth (NASDAQ:EHTH)

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