California State Teachers Retirement System lowered its position in eHealth Inc. (NASDAQ:EHTH) by 0.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 37,851 shares of the company’s stock after selling 100 shares during the period. California State Teachers Retirement System owned 0.21% of eHealth worth $531,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. boosted its stake in eHealth by 1.8% in the first quarter. Prudential Financial Inc. now owns 38,925 shares of the company’s stock valued at $366,000 after buying an additional 700 shares during the last quarter. Geode Capital Management LLC boosted its stake in eHealth by 1.7% in the first quarter. Geode Capital Management LLC now owns 132,892 shares of the company’s stock valued at $1,247,000 after buying an additional 2,261 shares during the last quarter. Wellington Management Group LLP boosted its stake in eHealth by 2.5% in the first quarter. Wellington Management Group LLP now owns 2,236,218 shares of the company’s stock valued at $20,998,000 after buying an additional 53,929 shares during the last quarter. Kennedy Capital Management Inc. bought a new stake in eHealth during the first quarter valued at about $689,000. Finally, Metropolitan Life Insurance Co. NY bought a new stake in eHealth during the first quarter valued at about $124,000. Institutional investors own 89.74% of the company’s stock.
Shares of eHealth Inc. (NASDAQ:EHTH) traded down 1.48% during midday trading on Friday, reaching $10.66. 111,303 shares of the company traded hands. The firm has a market capitalization of $195.36 million, a PE ratio of 21.19 and a beta of 1.19. eHealth Inc. has a 1-year low of $8.14 and a 1-year high of $15.14. The stock has a 50 day moving average price of $11.20 and a 200 day moving average price of $11.78.
eHealth (NASDAQ:EHTH) last issued its earnings results on Thursday, July 28th. The company reported $0.09 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.09. The firm had revenue of $37.28 million for the quarter, compared to analyst estimates of $37.93 million. eHealth had a return on equity of 11.85% and a net margin of 4.58%. eHealth’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Analysts expect that eHealth Inc. will post $0.65 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of eHealth from a “sell” rating to a “hold” rating in a research report on Thursday, September 29th. FBR & Co reiterated a “buy” rating on shares of eHealth in a research report on Tuesday, August 23rd. Craig Hallum upgraded shares of eHealth from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Finally, Jefferies Group reduced their price objective on shares of eHealth from $13.00 to $12.00 and set a “hold” rating on the stock in a research report on Friday, July 29th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $15.00.
In related news, Director Michael Goldberg acquired 25,000 shares of the stock in a transaction on Tuesday, August 2nd. The shares were acquired at an average price of $9.28 per share, for a total transaction of $232,000.00. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Scott N. Flanders acquired 117,000 shares of the stock in a transaction on Thursday, August 4th. The stock was bought at an average price of $9.15 per share, for a total transaction of $1,070,550.00. The disclosure for this purchase can be found here. 6.22% of the stock is owned by corporate insiders.
eHealth Company 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.
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