eHealth (NASDAQ:EHTH) Director Sells $42,517.44 in Stock

eHealth, Inc. (NASDAQ:EHTH) Director Francis Soistman, Jr. sold 37,296 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $1.14, for a total value of $42,517.44. Following the completion of the transaction, the director directly owned 1,052,518 shares in the company, valued at $1,199,870.52. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

eHealth Trading Up 4.1%

NASDAQ EHTH opened at $0.99 on Friday. The business has a 50 day simple moving average of $1.35 and a 200 day simple moving average of $1.52. eHealth, Inc. has a one year low of $0.90 and a one year high of $5.89. The stock has a market capitalization of $31.69 million, a P/E ratio of -0.85 and a beta of 1.51. The company has a debt-to-equity ratio of 0.21, a current ratio of 5.12 and a quick ratio of 5.12.

eHealth (NASDAQ:EHTH) last issued its earnings results on Tuesday, August 4th. The financial services provider reported ($1.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.84) by ($0.34). The business had revenue of $33.57 million during 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 expect that eHealth, Inc. will post 0.8 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EHTH. Millennium Management LLC lifted its stake in shares of eHealth by 74.3% in the first quarter. Millennium Management LLC now owns 705,704 shares of the financial services provider’s stock valued at $4,714,000 after buying an additional 300,792 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of eHealth by 38.5% during the first quarter. Goldman Sachs Group Inc. now owns 144,263 shares of the financial services provider’s stock worth $964,000 after acquiring an additional 40,096 shares in the last quarter. Jane Street Group LLC increased its position in shares of eHealth by 115.9% during the first quarter. Jane Street Group LLC now owns 234,894 shares of the financial services provider’s stock worth $1,569,000 after acquiring an additional 126,076 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of eHealth by 101.3% in the 2nd quarter. Geode Capital Management LLC now owns 711,762 shares of the financial services provider’s stock worth $3,097,000 after acquiring an additional 358,192 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of eHealth by 13.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 270,655 shares of the financial services provider’s stock worth $1,177,000 after acquiring an additional 31,177 shares during the last quarter. Institutional investors and hedge funds own 79.54% of the company’s stock.

Analyst Upgrades and Downgrades

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

About eHealth

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.