eHealth, Inc. (EHTH) Upgraded to Hold at BidaskClub

eHealth, Inc. (NASDAQ:EHTH) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

EHTH has been the subject of several other research reports. Zacks Investment Research raised shares of eHealth from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a report on Tuesday, May 9th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $18.00 target price on shares of eHealth in a research note on Sunday. TheStreet raised shares of eHealth from a “d+” rating to a “c” rating in a research note on Thursday, April 27th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $20.00 target price on shares of eHealth in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. eHealth currently has an average rating of “Hold” and an average target price of $18.25.

eHealth (NASDAQ:EHTH) opened at 19.01 on Thursday. The company has a 50-day moving average price of $18.11 and a 200 day moving average price of $15.24. eHealth has a 1-year low of $6.38 and a 1-year high of $19.53. The firm’s market capitalization is $352.35 million.

eHealth (NASDAQ:EHTH) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported ($0.92) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.75) by $0.17. eHealth had a negative net margin of 3.44% and a negative return on equity of 5.64%. The firm had revenue of $28 million during the quarter, compared to analyst estimates of $29.25 million. During the same period last year, the firm earned $0.09 EPS. eHealth’s quarterly revenue was down 24.9% on a year-over-year basis. Equities analysts anticipate that eHealth will post ($0.94) earnings per share for the current year.

In other eHealth news, Director Jack L. Oliver III sold 14,745 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $16.79, for a total transaction of $247,568.55. Following the sale, the director now directly owns 51,375 shares of the company’s stock, valued at approximately $862,586.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.26% of the company’s stock.

Large investors have recently modified their holdings of the company. Redmile Group LLC boosted its stake in shares of eHealth by 2.7% in the second quarter. Redmile Group LLC now owns 1,223,334 shares of the financial services provider’s stock valued at $22,999,000 after buying an additional 32,000 shares during the period. Vanguard Group Inc. boosted its stake in shares of eHealth by 4.5% in the second quarter. Vanguard Group Inc. now owns 974,784 shares of the financial services provider’s stock valued at $18,326,000 after buying an additional 42,288 shares during the period. Renaissance Technologies LLC boosted its stake in shares of eHealth by 7.4% in the second quarter. Renaissance Technologies LLC now owns 943,600 shares of the financial services provider’s stock valued at $17,740,000 after buying an additional 64,700 shares during the period. Cannell Capital LLC boosted its stake in shares of eHealth by 37.2% in the first quarter. Cannell Capital LLC now owns 916,364 shares of the financial services provider’s stock valued at $11,033,000 after buying an additional 248,417 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of eHealth by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 656,458 shares of the financial services provider’s stock valued at $12,341,000 after buying an additional 11,026 shares during the period. 92.17% of the stock is currently owned by hedge funds and other institutional investors.

About eHealth

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.