StockNews.com Begins Coverage on eHealth (NASDAQ:EHTH)

StockNews.com began coverage on shares of eHealth (NASDAQ:EHTH – Get Rating) in a research note issued to investors on Thursday. The firm issued a hold rating on the financial services provider’s stock.

Other research analysts have also issued reports about the company. Credit Suisse Group raised their price objective on eHealth from $4.00 to $10.00 and gave the company a neutral rating in a research report on Monday, March 6th. Craig Hallum raised their price objective on eHealth from $6.00 to $11.00 in a research report on Wednesday, March 1st. Citigroup raised their price objective on eHealth from $4.50 to $10.00 and gave the company a neutral rating in a research report on Wednesday, March 8th. Finally, Royal Bank of Canada cut their price objective on eHealth from $16.00 to $13.00 and set a sector perform rating on the stock in a research report on Monday, March 6th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $8.50.

eHealth Stock Performance

Shares of eHealth stock opened at $7.94 on Thursday. eHealth has a twelve month low of $2.67 and a twelve month high of $13.46. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 0.10. The business’s fifty day moving average price is $7.98 and its 200 day moving average price is $5.48.

Institutional Trading of eHealth

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sawtooth Solutions LLC bought a new stake in eHealth in the third quarter valued at about $57,000. Aristotle Capital Boston LLC increased its holdings in eHealth by 34.9% in the second quarter. Aristotle Capital Boston LLC now owns 598,445 shares of the financial services provider’s stock valued at $5,583,000 after buying an additional 154,936 shares during the last quarter. Quantbot Technologies LP bought a new stake in eHealth in the third quarter valued at about $68,000. Caxton Associates LP increased its holdings in eHealth by 15.9% in the third quarter. Caxton Associates LP now owns 65,665 shares of the financial services provider’s stock valued at $257,000 after buying an additional 9,029 shares during the last quarter. Finally, Prudential Financial Inc. increased its holdings in eHealth by 10.4% in the third quarter. Prudential Financial Inc. now owns 70,193 shares of the financial services provider’s stock valued at $275,000 after buying an additional 6,597 shares during the last quarter. 70.49% of the stock is owned by hedge funds and other institutional investors.

eHealth Company Profile

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eHealth, Inc engages in the provision of Internet-based health insurance agency services for individuals, families, and small businesses. It operates through the Medicare and Individual, Family, and Small Business segments. The Medicare segment consists primarily of commissions earned from sale of Medicare-related health insurance plans.