eHealth (NASDAQ:EHTH) Director Sells 37,296 Shares of Stock

eHealth, Inc. (NASDAQ:EHTH) Director Francis Soistman, Jr. sold 37,296 shares of eHealth stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $1.14, for a total value of $42,517.44. Following the completion of the transaction, the director owned 1,052,518 shares of the company’s stock, valued at $1,199,870.52. This trade represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

eHealth Stock Up 0.6%

eHealth stock traded up $0.01 during midday trading on Wednesday, hitting $0.95. The stock had a trading volume of 798,869 shares, compared to its average volume of 528,770. The business has a fifty day moving average price of $1.39 and a 200 day moving average price of $1.53. eHealth, Inc. has a 12 month low of $0.90 and a 12 month high of $5.89. The stock has a market cap of $30.46 million, a P/E ratio of -0.82 and a beta of 1.52. The company has a current ratio of 5.12, a quick ratio of 5.12 and a debt-to-equity ratio of 0.21.

eHealth (NASDAQ:EHTH) last released its earnings results on Tuesday, August 4th. The financial services provider reported ($1.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.84) by ($0.34). The firm had revenue of $33.57 million for the quarter, compared to the consensus estimate of $33.28 million. eHealth had a return on equity of 6.13% and a net margin of 5.42%. Research analysts predict that eHealth, Inc. will post 0.8 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on EHTH shares. UBS Group lowered their target price on shares of eHealth from $2.00 to $1.75 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $3.00 price target on shares of eHealth in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of eHealth in a report on Thursday, August 13th. Finally, Royal Bank Of Canada lowered their price objective on shares of eHealth from $3.00 to $2.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 25th. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $2.19.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Founders Financial Securities LLC bought a new stake in shares of eHealth in the 1st quarter worth $25,000. Callan Family Office LLC acquired a new position in eHealth during the second quarter worth about $26,000. Cetera Investment Advisers acquired a new position in eHealth during the first quarter worth about $27,000. The Manufacturers Life Insurance Company bought a new stake in eHealth in the second quarter worth about $48,000. Finally, Bank of America Corp DE raised its position in eHealth by 1,265.8% in the second quarter. Bank of America Corp DE now owns 11,186 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 10,367 shares in the last quarter. Institutional investors and hedge funds own 79.54% of the company’s stock.

eHealth Company Profile

eHealth, Inc operates one of the largest online private health insurance exchanges in the United States. The company’s platform enables consumers to compare, select and enroll in individual, family and small-group health insurance plans offered by a broad network of licensed insurance carriers. In addition to Affordable Care Act–compliant offerings, eHealth provides dedicated services for Medicare Advantage, Medicare Supplement and Medicare Part D prescription drug plans, helping seniors navigate the complexities of Medicare coverage.

Through its digital marketplace, eHealth delivers real-time quotes, detailed plan comparisons and enrollment processing.