eHealth (NASDAQ:EHTH) Downgraded by Zacks Research to Strong Sell

Zacks Research lowered shares of eHealth (NASDAQ:EHTH) from a hold rating to a strong sell rating in a research note released on Tuesday,Zacks.com reports.

EHTH has been the subject of a number of other reports. Craig Hallum cut shares of eHealth from a “buy” rating to a “hold” rating and set a $2.00 price objective for the company. in a research report on Thursday, February 26th. Weiss Ratings reissued a “sell (d+)” rating on shares of eHealth in a research note on Monday, December 29th. Finally, Royal Bank Of Canada decreased their price target on shares of eHealth from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Tuesday, November 25th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $5.33.

eHealth Price Performance

EHTH stock traded up $0.08 during mid-day trading on Tuesday, reaching $1.72. 546,755 shares of the company’s stock were exchanged, compared to its average volume of 806,534. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.03 and a quick ratio of 1.03. eHealth has a 12-month low of $1.20 and a 12-month high of $8.55. The stock’s 50 day moving average is $2.90 and its 200 day moving average is $3.77. The company has a market cap of $53.29 million, a price-to-earnings ratio of -2.42 and a beta of 1.27.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.38 by ($0.32). eHealth had a net margin of 6.12% and a return on equity of 5.46%. The business had revenue of $326.24 million during the quarter, compared to analysts’ expectations of $318.25 million. On average, research analysts expect that eHealth will post -2.17 EPS for the current year.

Institutional Investors Weigh In On eHealth

Large investors have recently made changes to their positions in the stock. Nantahala Capital Management LLC increased its holdings in shares of eHealth by 34.3% in the third quarter. Nantahala Capital Management LLC now owns 1,761,441 shares of the financial services provider’s stock valued at $7,592,000 after purchasing an additional 450,000 shares during the last quarter. Vanguard Group Inc. grew its holdings in eHealth by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,526,098 shares of the financial services provider’s stock valued at $6,577,000 after buying an additional 4,958 shares in the last quarter. Findell Capital Management LLC increased its stake in shares of eHealth by 15.0% in the 4th quarter. Findell Capital Management LLC now owns 1,408,975 shares of the financial services provider’s stock worth $6,481,000 after acquiring an additional 183,975 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of eHealth by 101.3% during the 2nd quarter. Geode Capital Management LLC now owns 711,762 shares of the financial services provider’s stock worth $3,097,000 after acquiring an additional 358,192 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of eHealth by 74.3% during the 1st quarter. Millennium Management LLC now owns 705,704 shares of the financial services provider’s stock worth $4,714,000 after acquiring an additional 300,792 shares during the period. 79.54% of the stock is currently owned by hedge funds and other institutional investors.

About eHealth

eHealth, Inc operates one of the largest online private health insurance exchanges in the United States. The company’s platform enables consumers to compare, select and enroll in individual, family and small-group health insurance plans offered by a broad network of licensed insurance carriers. In addition to Affordable Care Act–compliant offerings, eHealth provides dedicated services for Medicare Advantage, Medicare Supplement and Medicare Part D prescription drug plans, helping seniors navigate the complexities of Medicare coverage.

Through its digital marketplace, eHealth delivers real-time quotes, detailed plan comparisons and enrollment processing.