eHealth (NASDAQ:EHTH) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “eHealth, Inc. is the parent company of eHealthInsurance, the leading online source of health insurance for individuals, families and small businesses. eHealthInsurance presents complex health insurance information in an objective, user-friendly format, enabling the research, analysis, comparison and purchase of health insurance products that best meet consumers’ needs. eHealth and eHealthInsurance.com are registered trademarks of eHealthInsurance Services, Inc. eHealth, Inc. and its technology was responsible for the nation’s first Internet-based sale of a health insurance policy. The Company is headquartered in Mountain View, California. “

EHTH has been the topic of a number of other reports. SunTrust Banks reaffirmed a “buy” rating and set a $250.00 target price on shares of eHealth in a research report on Friday, April 24th. Barclays started coverage on eHealth in a research report on Thursday, April 16th. They set an “overweight” rating and a $150.00 target price on the stock. Credit Suisse Group started coverage on eHealth in a research report on Friday, April 24th. They set a “buy” rating and a $174.00 target price on the stock. Evercore ISI started coverage on eHealth in a research report on Monday, June 15th. They set a “buy” rating and a $150.00 target price on the stock. Finally, TheStreet lowered eHealth from a “b” rating to a “c+” rating in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $167.73.

Shares of EHTH traded up $3.99 during mid-day trading on Tuesday, hitting $95.27. The stock had a trading volume of 810,200 shares, compared to its average volume of 838,768. The company has a market cap of $2.34 billion, a PE ratio of 31.86 and a beta of 0.08. The company’s fifty day simple moving average is $116.16 and its two-hundred day simple moving average is $113.31. The company has a quick ratio of 6.12, a current ratio of 6.12 and a debt-to-equity ratio of 0.05. eHealth has a fifty-two week low of $52.71 and a fifty-two week high of $152.19.

eHealth (NASDAQ:EHTH) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.17. eHealth had a return on equity of 15.00% and a net margin of 13.88%. The firm had revenue of $106.40 million for the quarter, compared to the consensus estimate of $88.39 million. During the same quarter in the previous year, the business earned $0.33 EPS. The firm’s revenue for the quarter was up 54.7% on a year-over-year basis. Equities analysts expect that eHealth will post 2.27 earnings per share for the current year.

In other eHealth news, COO David K. Francis sold 25,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $131.35, for a total value of $3,283,750.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael Goldberg sold 2,000 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $110.00, for a total value of $220,000.00. The disclosure for this sale can be found here. Insiders have sold 39,838 shares of company stock worth $4,922,147 in the last quarter. 5.50% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. purchased a new position in eHealth in the first quarter valued at about $29,000. Advisors Asset Management Inc. grew its stake in eHealth by 271.2% in the fourth quarter. Advisors Asset Management Inc. now owns 464 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 339 shares in the last quarter. GQ Asset Management LLC purchased a new position in eHealth in the first quarter valued at about $46,000. Ameritas Investment Company LLC purchased a new position in eHealth in the first quarter valued at about $47,000. Finally, Parallel Advisors LLC acquired a new stake in shares of eHealth in the first quarter worth about $53,000.

eHealth Company Profile

eHealth, Inc provides private health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its e-commerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.

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