eHealth (NASDAQ:EHTH) Downgraded by BidaskClub to Sell

BidaskClub downgraded shares of eHealth (NASDAQ:EHTH) from a hold rating to a sell rating in a research note released on Tuesday, BidAskClub reports.

EHTH has been the topic of several other reports. Barclays assumed coverage on shares of eHealth in a report on Thursday, April 16th. They set an overweight rating and a $150.00 price target on the stock. Credit Suisse Group assumed coverage on shares of eHealth in a report on Friday, April 24th. They set a buy rating and a $174.00 target price on the stock. TheStreet lowered shares of eHealth from a b rating to a c+ rating in a report on Thursday, April 23rd. Deutsche Bank reduced their target price on shares of eHealth from $177.00 to $170.00 and set a buy rating on the stock in a report on Monday, April 27th. Finally, Evercore ISI assumed coverage on shares of eHealth in a report on Monday, June 15th. They set a buy rating and a $150.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. eHealth has a consensus rating of Buy and an average target price of $167.73.

Shares of eHealth stock opened at $95.27 on Tuesday. The firm has a market capitalization of $2.34 billion, a PE ratio of 31.86 and a beta of 0.08. The company has a current ratio of 6.12, a quick ratio of 6.12 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average is $116.16 and its 200 day moving average is $113.31. eHealth has a 1 year low of $52.71 and a 1 year high of $152.19.

eHealth (NASDAQ:EHTH) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.17. The company had revenue of $106.40 million for the quarter, compared to analyst estimates of $88.39 million. eHealth had a net margin of 13.88% and a return on equity of 15.00%. The firm’s revenue was up 54.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 EPS. As a group, research analysts anticipate that eHealth will post 2.27 earnings per share for the current year.

In related news, CFO Derek N. Yung sold 6,088 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $107.12, for a total transaction of $652,146.56. Following the transaction, the chief financial officer now owns 48,346 shares in the company, valued at approximately $5,178,823.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO David K. Francis sold 25,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $131.35, for a total transaction of $3,283,750.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,838 shares of company stock worth $4,922,147. Insiders own 5.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. acquired a new position in shares of eHealth during the 1st quarter valued at $29,000. Advisors Asset Management Inc. lifted its position in shares of eHealth by 271.2% during the 4th quarter. Advisors Asset Management Inc. now owns 464 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 339 shares during the period. GQ Asset Management LLC acquired a new position in shares of eHealth during the 1st quarter valued at $46,000. Ameritas Investment Company LLC acquired a new position in shares of eHealth during the 1st quarter valued at $47,000. Finally, Parallel Advisors LLC acquired a new position in eHealth during the first quarter worth $53,000.

About eHealth

eHealth, Inc provides private 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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Analyst Recommendations for eHealth (NASDAQ:EHTH)

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