How Will eHealth (NASDAQ:EHTH) Stock React To Craig Hallum’s Upgrade to “Buy” from “Hold”?

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NewYork eHealth NASDAQ:EHTH

eHealth (NASDAQ:EHTH) Rating Change

eHealth (NASDAQ:EHTH)’s rating was increased by professional analysts at Craig Hallum from a “Hold” rating to a “Buy” rating in a research report released on Friday morning.

In spite of the stock rating upgrade NASDAQ:EHTH is right now trading 0.00% lower at $9.05 as of 02:17 New York time. eHealth’s stock is down -30.92% over the last 200 days. It has underperformed the S&P 500, which has gained 6.42% over the same time period.

According to data compiled by Thomson Reuters, eHealth (NASDAQ:EHTH)’s stock is covered by 5 equity analysts across the Street, with 0 analysts giving it a Sell rating, 3 a Buy rating, while 4 consider it a Hold. The 12-month consensus target price for the stock is $15.3, which reflects an upside potential of 69.06% over the current price.

NASDAQ:EHTH Price Chart & Trend

The stock price of eHealth declined 30.92% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, eHealth is down 37.15% and down 9.05%, respectively. Our stocks momentum model is shown on the price chart below. How Will eHealth (NASDAQ:EHTH) Stock React To Craig Hallums Upgrade to "Buy" from "Hold"?

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

Institutional Ownership

Cannell Capital Llc had the biggest stake with ownership of 433,882 shares as of Q2 2015 for 1.8% of the fund portfolio. Simcoe Capital Management Llc is another very bullish fund who is possessing 206,475 shares of eHealth or 1.75% of their fund portfolio. Moreover, Deerfield Management Co have 1.38% of their fund portfolio invested in the company for 3.26 million shares. The New York-based fund Destrier Capital Management Llc revealed it had purchased so far a stake worth about 1.37% of the fund’s stock portfolio in eHealth. The Illinois-based fund Continental Advisors Llc is also positive about the stock, possessing 448,494 shares or 0.39% of their fund portfolio.Over the last six months, eHealth NASDAQ:EHTH has seen 0 insider buys, and 3 insider selling transactions. The net result was for 3 transactions, worth $2.87M.

eHealth (NASDAQ:EHTH) Profile

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. The Company also offers various online and pharmacy-based tools to help seniors navigate Medicare health insurance options, choose the right plan, and enroll in plans online or telephonically.

eHealth (NASDAQ:EHTH) closed at $9.05 yesterday. A total of 9,125 shares of the company’s stock traded hands. This is down from average of 248,881 shares. eHealth has a 52 week low of $8.14 and a 52 week high of $15.9. The company has a market cap of $163.34M and a P/E ratio of 18.16.

Get the latest eHealth (NASDAQ:EHTH) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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