Several brokerages have updated their recommendations and price targets on shares of eHealth (NASDAQ: EHTH) in the last few weeks:
- 11/24/2022 – eHealth was given a new $4.00 price target on by analysts at Credit Suisse Group AG.
- 11/18/2022 – eHealth was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
- 11/15/2022 – eHealth had its price target lowered by analysts at Craig Hallum to $6.00.
- 11/15/2022 – eHealth had its price target lowered by analysts at Citigroup Inc. from $9.00 to $4.50.
- 11/9/2022 – eHealth had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $10.00 to $4.00.
- 11/8/2022 – eHealth had its price target lowered by analysts at Truist Financial Co. from $8.00 to $3.00.
- 10/12/2022 – eHealth is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
eHealth Price Performance
NASDAQ:EHTH opened at $3.07 on Monday. eHealth, Inc. has a 1-year low of $2.67 and a 1-year high of $27.89. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $3.52 and a 200 day simple moving average of $6.79. The stock has a market capitalization of $84.19 million, a PE ratio of -0.49 and a beta of 0.41.
Insider Activity at eHealth
In related news, CEO Francis S. Soistman, Jr. acquired 80,000 shares of eHealth stock in a transaction on Tuesday, November 22nd. The stock was purchased at an average cost of $3.08 per share, with a total value of $246,400.00. Following the completion of the transaction, the chief executive officer now directly owns 428,515 shares in the company, valued at approximately $1,319,826.20. The purchase was disclosed in a document filed with the SEC, which is available through this link. 5.00% of the stock is owned by company insiders.
Institutional Investors Weigh In On eHealth
A number of hedge funds and other institutional investors have recently modified their holdings of EHTH. Palo Alto Investors LP raised its stake in eHealth by 2.3% in the first quarter. Palo Alto Investors LP now owns 1,652,260 shares of the financial services provider’s stock valued at $20,505,000 after purchasing an additional 36,690 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in eHealth by 203.2% during the second quarter. Assenagon Asset Management S.A. now owns 298,155 shares of the financial services provider’s stock worth $2,782,000 after acquiring an additional 199,810 shares in the last quarter. Everence Capital Management Inc. acquired a new position in eHealth during the second quarter worth about $197,000. 13D Management LLC raised its stake in eHealth by 69.2% during the first quarter. 13D Management LLC now owns 189,007 shares of the financial services provider’s stock worth $2,346,000 after acquiring an additional 77,300 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new position in eHealth during the second quarter worth about $103,000. Institutional investors and hedge funds own 87.16% of the company’s stock.
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 Individual, Family and Small Business. Its ecommerce 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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