UBS Group Cuts eHealth (NASDAQ:EHTH) Price Target to $7.00

eHealth (NASDAQ:EHTH) had its price objective reduced by UBS Group from $9.50 to $7.00 in a report issued on Thursday morning,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Separately, StockNews.com upgraded shares of eHealth from a “hold” rating to a “buy” rating in a research note on Saturday, May 3rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, eHealth currently has an average rating of “Hold” and a consensus target price of $6.75.

eHealth Stock Down 4.3 %

eHealth stock opened at $5.14 on Thursday. The business has a fifty day moving average price of $6.49 and a 200-day moving average price of $7.36. eHealth has a 1-year low of $3.58 and a 1-year high of $11.36. The stock has a market capitalization of $155.88 million, a price-to-earnings ratio of -1.80 and a beta of 1.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.10 and a quick ratio of 3.10.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.08. The business had revenue of $113.12 million for the quarter, compared to analyst estimates of $99.46 million. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. Equities research analysts forecast that eHealth will post -2.17 EPS for the current fiscal year.

Institutional Trading of eHealth

Several large investors have recently made changes to their positions in the business. Barclays PLC boosted its holdings in eHealth by 104.3% in the third quarter. Barclays PLC now owns 47,445 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 24,224 shares during the last quarter. Kera Capital Partners Inc. purchased a new stake in shares of eHealth in the fourth quarter worth about $358,000. R Squared Ltd acquired a new stake in eHealth during the fourth quarter worth about $29,000. AMH Equity Ltd purchased a new position in eHealth during the fourth quarter valued at approximately $426,000. Finally, Raymond James Financial Inc. acquired a new position in eHealth in the fourth quarter valued at approximately $1,193,000. 79.54% of the stock is owned by hedge funds and other institutional investors.

About eHealth

eHealth, Inc operates a health insurance marketplace that provides consumer engagement, education, and health insurance enrollment solutions in the United States. The company operates in two segments, Medicare; and Employer and Individual. The Medicare segment offers sale of Medicare-related health insurance plans, which includes Medicare advantage, Medicare Supplement, and Medicare Part D prescription drug plans to Medicare-eligible customers including but not limited to, dental, and vision insurance, as well as advertising program for marketing and other services.