Zacks Investment Research upgraded shares of eHealth, Inc. (NASDAQ:EHTH) from a strong sell rating to a hold rating in a report issued on Tuesday morning.

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. “

A number of other equities analysts have also recently commented on the company. Cantor Fitzgerald reiterated a buy rating and set a $20.00 price target on shares of eHealth in a report on Thursday, July 27th. Jefferies Group LLC restated a hold rating and issued a $18.00 price objective on shares of eHealth in a research note on Friday, July 14th. BidaskClub upgraded eHealth from a sell rating to a hold rating in a research note on Thursday, August 24th. Finally, TheStreet cut eHealth from a c rating to a d+ rating in a research report on Thursday, July 27th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $20.50.

eHealth (NASDAQ EHTH) traded up 4.05% during midday trading on Tuesday, hitting $25.45. The stock had a trading volume of 67,507 shares. eHealth has a 1-year low of $6.38 and a 1-year high of $25.83. The firm has a 50-day moving average price of $22.51 and a 200-day moving average price of $17.77. The firm’s market capitalization is $471.72 million.

eHealth (NASDAQ:EHTH) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported ($0.92) earnings per share for the quarter, missing the consensus estimate of ($0.75) by ($0.17). The firm had revenue of $28.00 million for the quarter, compared to analyst estimates of $29.25 million. eHealth had a negative return on equity of 5.64% and a negative net margin of 3.44%. The firm’s revenue for the quarter was down 24.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 earnings per share. On average, equities research analysts anticipate that eHealth will post ($0.94) earnings per share for the current year.

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In related news, Director Jack L. Oliver III sold 14,745 shares of eHealth stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $16.79, for a total transaction of $247,568.55. Following the completion of the sale, the director now owns 51,375 shares of the company’s stock, valued at approximately $862,586.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.26% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in EHTH. Susquehanna International Group LLP acquired a new stake in eHealth during the second quarter worth approximately $1,467,000. Private Advisory Group LLC bought a new stake in shares of eHealth during the second quarter worth approximately $408,000. Redmile Group LLC boosted its holdings in shares of eHealth by 2.7% during the second quarter. Redmile Group LLC now owns 1,223,334 shares of the financial services provider’s stock worth $22,999,000 after acquiring an additional 32,000 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of eHealth by 28.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 75,149 shares of the financial services provider’s stock worth $1,413,000 after acquiring an additional 16,505 shares during the period. Finally, State Street Corp boosted its holdings in shares of eHealth by 5.4% during the second quarter. State Street Corp now owns 400,022 shares of the financial services provider’s stock worth $7,521,000 after acquiring an additional 20,572 shares during the period. 90.19% of the stock is currently owned by hedge funds and other institutional investors.

About eHealth

eHealth, Inc provides a private online source of health insurance for individuals, families and small businesses. The Company is the parent company of eHealthInsurance, a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers side-by-side, and purchase and enroll in coverage online through its Websites (www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com) or telephonically through its customer care centers.

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