Zacks Investment Research Upgrades eHealth (EHTH) to “Buy”

eHealth (NASDAQ:EHTH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The firm currently has a $17.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s target price points to a potential upside of 14.09% from the stock’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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EHTH has been the topic of a number of other reports. TheStreet downgraded eHealth from a “c-” rating to a “d” rating in a research report on Wednesday, December 13th. Cantor Fitzgerald reissued a “buy” rating and set a $20.00 target price on shares of eHealth in a research report on Tuesday, March 6th. BidaskClub raised eHealth from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 8th. ValuEngine raised eHealth from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Craig Hallum reissued a “buy” rating and set a $28.00 target price on shares of eHealth in a research report on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $23.67.

Shares of eHealth (NASDAQ EHTH) traded down $0.42 during trading hours on Tuesday, hitting $14.90. The stock had a trading volume of 122,548 shares, compared to its average volume of 166,405. The firm has a market capitalization of $286.78, a P/E ratio of -10.96 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 released its earnings results on Thursday, March 1st. The financial services provider reported ($0.93) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.21) by $0.28. eHealth had a negative return on equity of 27.04% and a negative net margin of 14.74%. The business had revenue of $38.84 million for the quarter, compared to the consensus estimate of $39.50 million. equities analysts expect that eHealth will post 0.41 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Voya Investment Management LLC acquired a new stake in eHealth during the second quarter valued at approximately $201,000. State Street Corp boosted its holdings in eHealth by 5.4% during the second quarter. State Street Corp now owns 400,022 shares of the financial services provider’s stock valued at $7,521,000 after purchasing an additional 20,572 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings 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 valued at $248,000 after purchasing an additional 2,781 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings 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 valued at $150,000 after purchasing an additional 2,330 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings 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 valued at $4,154,000 after purchasing an additional 16,798 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.

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eHealth Company Profile

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.

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