eHealth (NASDAQ:EHTH) Coverage Initiated at UBS Group

UBS Group started coverage on shares of eHealth (NASDAQ:EHTH - Free Report) in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $5.50 price objective on the financial services provider's stock.

Several other research firms have also weighed in on EHTH. Craig Hallum upgraded shares of eHealth from a "hold" rating to a "buy" rating and boosted their target price for the company from $5.00 to $7.00 in a research note on Wednesday, November 6th. StockNews.com upgraded shares of eHealth from a "sell" rating to a "hold" rating in a research note on Tuesday, November 5th. Royal Bank of Canada lowered their target price on shares of eHealth from $13.00 to $11.00 and set a "sector perform" rating for the company in a research note on Monday, November 25th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of eHealth from $5.00 to $2.00 and set a "hold" rating for the company in a research report on Wednesday, August 14th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $6.38.

eHealth Stock Down 3.7 %

Shares of NASDAQ:EHTH traded down $0.21 during midday trading on Wednesday, reaching $5.46. The company had a trading volume of 160,782 shares, compared to its average volume of 253,954. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.10 and a quick ratio of 3.10. The stock's fifty day moving average price is $4.86 and its 200-day moving average price is $4.69. The stock has a market capitalization of $161.78 million, a P/E ratio of -1.99 and a beta of 0.47. eHealth has a one year low of $3.58 and a one year high of $9.45.

Institutional Investors Weigh In On eHealth

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SkyView Investment Advisors LLC lifted its holdings in eHealth by 28.7% in the 3rd quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider's stock valued at $122,000 after acquiring an additional 6,694 shares during the last quarter. Barclays PLC lifted its holdings in eHealth by 104.3% in the 3rd quarter. Barclays PLC now owns 47,445 shares of the financial services provider's stock valued at $194,000 after acquiring an additional 24,224 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in eHealth by 40.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,451 shares of the financial services provider's stock worth $51,000 after buying an additional 3,600 shares during the period. RBF Capital LLC raised its holdings in eHealth by 29.0% during the 3rd quarter. RBF Capital LLC now owns 443,141 shares of the financial services provider's stock worth $1,808,000 after buying an additional 99,618 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its holdings in eHealth by 86.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 212,555 shares of the financial services provider's stock worth $867,000 after buying an additional 98,793 shares during the period. 79.54% of the stock is owned by institutional investors and hedge funds.

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.