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 (,,, and 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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