Insider Selling: eHealth (NASDAQ:EHTH) Director Sells $14,214.20 in Stock

eHealth, Inc. (NASDAQ:EHTH) Director Francis Soistman, Jr. sold 20,306 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $0.70, for a total value of $14,214.20. Following the completion of the transaction, the director owned 994,915 shares in the company, valued at approximately $696,440.50. The trade was a 2.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

eHealth Stock Down 3.1%

EHTH stock traded down $0.02 during trading on Friday, hitting $0.67. 204,561 shares of the company’s stock were exchanged, compared to its average volume of 508,759. The business has a 50-day moving average price of $1.09 and a two-hundred day moving average price of $1.42. The stock has a market capitalization of $21.46 million, a price-to-earnings ratio of -0.58 and a beta of 1.63. eHealth, Inc. has a 52-week low of $0.67 and a 52-week high of $5.89. 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 announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported ($1.18) earnings per share (EPS) 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 analyst estimates of $33.28 million. eHealth had a net margin of 5.42% and a return on equity of 6.13%. As a group, equities research analysts expect that eHealth, Inc. will post 0.8 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. 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 report on Wednesday, August 5th. Royal Bank Of Canada cut their price target on eHealth from $3.00 to $2.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 25th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of eHealth in a research note on Thursday, August 13th. Five investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, eHealth presently has a consensus rating of “Reduce” and a consensus target price of $2.19.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EHTH. Findell Capital Management LLC raised its holdings in shares of eHealth by 15.0% in the fourth quarter. Findell Capital Management LLC now owns 1,408,975 shares of the financial services provider’s stock valued at $6,481,000 after buying an additional 183,975 shares during the last quarter. Nantahala Capital Management LLC purchased a new position in shares of eHealth during the second quarter worth about $2,624,547. Palo Alto Investors LP purchased a new position in shares of eHealth during the second quarter worth about $2,209,368. BlackRock Inc. acquired a new position in eHealth in the 2nd quarter valued at about $2,000,000. Finally, Eversept Partners LP increased its position in eHealth by 73.4% in the 4th quarter. Eversept Partners LP now owns 222,570 shares of the financial services provider’s stock valued at $1,024,000 after acquiring an additional 94,248 shares during the period. 79.54% of the stock is currently owned by institutional investors and hedge funds.

About eHealth

eHealth, Inc (NASDAQ:EHTH) operates an online health insurance marketplace that helps consumers compare, research and enroll in health insurance and related coverage. Through its digital platforms, the company provides information about available plans, eligibility and benefits, and connects individuals with insurance products offered by a range of carriers.

The company’s offerings primarily include Medicare Advantage, Medicare Supplement and prescription drug plans, as well as individual and family health insurance plans available through public and private marketplaces.