eHealth (NASDAQ:EHTH) Downgraded by BidaskClub

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

A number of other equities analysts have also recently issued reports on EHTH. SunTrust Banks cut their price objective on shares of eHealth from $250.00 to $200.00 in a research report on Friday, July 24th. Citigroup cut their price objective on shares of eHealth from $135.00 to $125.00 and set a buy rating on the stock in a research report on Friday, July 24th. Deutsche Bank increased their price objective on shares of eHealth from $138.00 to $170.00 and gave the stock a buy rating in a research report on Friday, July 24th. Royal Bank of Canada increased their price objective on shares of eHealth from $127.00 to $166.00 and gave the stock an outperform rating in a research report on Friday, July 24th. Finally, SVB Leerink increased their price objective on shares of eHealth from $108.00 to $110.00 and gave the stock a market perform rating in a research report on Friday, July 24th. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. eHealth has a consensus rating of Buy and an average target price of $145.83.

Shares of EHTH opened at $69.14 on Thursday. The company has a current ratio of 5.32, a quick ratio of 6.12 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.77 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 1.15 and a beta of 0.03. The firm’s fifty day simple moving average is $101.75 and its two-hundred day simple moving average is $114.03. eHealth has a 12 month low of $52.71 and a 12 month high of $152.19.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.22. The business had revenue of $88.77 million for the quarter, compared to analysts’ expectations of $83.34 million. eHealth had a net margin of 13.74% and a return on equity of 12.68%. As a group, research analysts predict that eHealth will post 2.86 EPS for the current fiscal year.

In other news, Director Dale B. Wolf acquired 2,000 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was purchased at an average price of $71.06 per share, for a total transaction of $142,120.00. Following the purchase, the director now owns 8,164 shares in the company, valued at approximately $580,133.84. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO David K. Francis sold 25,000 shares of the stock in a transaction dated 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. Insiders sold a total of 48,194 shares of company stock worth $5,790,769 in the last 90 days. 5.00% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. purchased a new stake in eHealth in the 1st quarter valued at about $29,000. GQ Asset Management LLC bought a new position in shares of eHealth during the 1st quarter valued at approximately $46,000. Ameritas Investment Company LLC bought a new position in shares of eHealth during the 1st quarter valued at approximately $47,000. Parallel Advisors LLC bought a new position in shares of eHealth during the 1st quarter valued at approximately $53,000. Finally, Sunbelt Securities Inc. bought a new position in shares of eHealth during the 4th quarter valued at approximately $9,344,000.

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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