eHealth (NASDAQ:EHTH) Given New $7.00 Price Target at UBS Group

eHealth (NASDAQ:EHTH) had its price target dropped by UBS Group from $9.50 to $7.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price target would indicate a potential upside of 36.19% from the company’s previous close.

Separately, StockNews.com raised shares of eHealth from a “hold” rating to a “buy” rating in a research report on Saturday, May 3rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, eHealth presently has an average rating of “Hold” and a consensus target price of $6.75.

eHealth Stock Performance

Shares of EHTH stock opened at $5.14 on Thursday. The company has a market capitalization of $155.88 million, a price-to-earnings ratio of -1.80 and a beta of 1.11. eHealth has a 1-year low of $3.58 and a 1-year high of $11.36. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.14. The stock’s fifty day simple moving average is $6.49 and its 200-day simple moving average is $7.34.

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

Institutional Trading of eHealth

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. grew its stake in shares of eHealth by 4.0% in the fourth quarter. American Century Companies Inc. now owns 46,422 shares of the financial services provider’s stock worth $436,000 after acquiring an additional 1,772 shares during the last quarter. Jefferies Financial Group Inc. grew its position in eHealth by 15.6% during the first quarter. Jefferies Financial Group Inc. now owns 20,351 shares of the financial services provider’s stock worth $136,000 after buying an additional 2,751 shares in the last quarter. R Squared Ltd bought a new position in eHealth during the fourth quarter valued at about $29,000. Sei Investments Co. increased its stake in eHealth by 5.3% during the fourth quarter. Sei Investments Co. now owns 110,728 shares of the financial services provider’s stock valued at $1,041,000 after acquiring an additional 5,622 shares during the period. Finally, Jump Financial LLC raised its holdings in eHealth by 34.8% in the 4th quarter. Jump Financial LLC now owns 29,710 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 7,678 shares in the last quarter. Institutional investors and hedge funds own 79.54% of the company’s stock.

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.