eHealth (NASDAQ:EHTH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage currently has a $17.00 target price on the financial services provider’s stock. Zacks Investment Research‘s price target points to a potential upside of 13.56% from the company’s previous close.

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. “

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A number of other equities research analysts have also recently commented 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 reiterated a “buy” rating and issued a $28.00 target price 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 Friday, February 2nd. Finally, Cantor Fitzgerald restated a “buy” rating and set a $20.00 price objective on shares of eHealth in a research report on Tuesday, March 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.67.

Shares of eHealth (EHTH) opened at $14.97 on Tuesday. The company has a market cap of $290.13, a PE ratio of -11.01 and a beta of 1.69. eHealth has a 12-month low of $10.41 and a 12-month high of $28.59.

eHealth (NASDAQ:EHTH) last issued its earnings results on Thursday, March 1st. The financial services provider reported ($0.93) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.21) by $0.28. The business had revenue of $38.84 million during the quarter, compared to analysts’ expectations of $39.50 million. eHealth had a negative net margin of 14.74% and a negative return on equity of 27.04%. research analysts expect that eHealth will post 0.31 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in EHTH. Voya Investment Management LLC acquired a new stake in eHealth during the second quarter worth about $201,000. State Street Corp increased its position in eHealth by 5.4% during the second 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 during the last quarter. BNP Paribas Arbitrage SA increased its position in eHealth by 36.5% during the third quarter. BNP Paribas Arbitrage SA now owns 10,392 shares of the financial services provider’s stock worth $248,000 after purchasing an additional 2,781 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in eHealth by 58.8% during the third quarter. Municipal Employees Retirement System of Michigan now owns 6,290 shares of the financial services provider’s stock worth $150,000 after purchasing an additional 2,330 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in eHealth by 10.7% during the third quarter. Bank of New York Mellon Corp now owns 173,860 shares of the financial services provider’s stock worth $4,154,000 after purchasing an additional 16,798 shares during the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

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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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