Shares of eHealth, Inc. (NASDAQ:EHTH – Get Free Report) have received a consensus recommendation of “Reduce” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $3.25.
A number of brokerages have recently commented on EHTH. Zacks Research upgraded shares of eHealth from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Craig Hallum cut shares of eHealth from a “buy” rating to a “hold” rating and set a $2.00 price objective for the company. in a research report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $3.00 price objective on shares of eHealth in a research report on Friday, May 8th. Royal Bank Of Canada cut their price objective on shares of eHealth from $9.00 to $3.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 11th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of eHealth in a research report on Monday, May 18th.
View Our Latest Research Report on eHealth
eHealth Price Performance
Institutional Investors Weigh In On eHealth
Several hedge funds and other institutional investors have recently bought and sold shares of the company. New York State Common Retirement Fund purchased a new position in shares of eHealth during the 2nd quarter worth approximately $103,000. Bank of America Corp DE boosted its position in shares of eHealth by 106.9% during the 3rd quarter. Bank of America Corp DE now owns 23,143 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 11,957 shares during the period. Corient Private Wealth LLC purchased a new position in shares of eHealth during the 2nd quarter worth approximately $90,000. Sherbrooke Park Advisers LLC purchased a new position in shares of eHealth during the 3rd quarter worth approximately $69,000. Finally, Alliancebernstein L.P. purchased a new position in shares of eHealth during the 3rd quarter worth approximately $54,000. 79.54% of the stock is currently owned by institutional investors and hedge funds.
About eHealth
eHealth, Inc operates one of the largest online private health insurance exchanges in the United States. The company’s platform enables consumers to compare, select and enroll in individual, family and small-group health insurance plans offered by a broad network of licensed insurance carriers. In addition to Affordable Care Act–compliant offerings, eHealth provides dedicated services for Medicare Advantage, Medicare Supplement and Medicare Part D prescription drug plans, helping seniors navigate the complexities of Medicare coverage.
Through its digital marketplace, eHealth delivers real-time quotes, detailed plan comparisons and enrollment processing.
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