In a report published Tuesday, Stifel analyst Steve Rubis initiated coverage on eHealth EHTH with a Hold rating.
In the report, Stifel noted, “We are initiating coverage of eHealth, Inc. with a Hold rating on the shares. Given shares trade at 20.1x 2015E EV/adjusted EBITDA multiple, we believe the current valuation fails to reflect the significant uncertainties associated with market expansion opportunities, likely higher marketing expenses, and overall uncertainty around quarterly performance post-ACA.”
eHealth closed on Monday at $36.19.
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