Insider Buying: eHealth, Inc. (NASDAQ:EHTH) Director Buys 2,000 Shares of Stock

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eHealth, Inc. (NASDAQ:EHTH) Director Dale B. Wolf bought 2,000 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was acquired at an average price of $71.06 per share, for a total transaction of $142,120.00. Following the completion of the purchase, the director now directly owns 8,164 shares in the company, valued at $580,133.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of EHTH stock opened at $69.14 on Friday. The stock has a market capitalization of $1.85 billion, a PE ratio of 22.23, a P/E/G ratio of 1.20 and a beta of 0.03. eHealth, Inc. has a 1-year low of $52.71 and a 1-year high of $152.19. The business has a 50-day moving average of $101.75 and a 200 day moving average of $114.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.32 and a quick ratio of 6.12.

eHealth (NASDAQ:EHTH) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.22. eHealth had a return on equity of 12.68% and a net margin of 13.74%. The company had revenue of $88.77 million during the quarter, compared to analysts’ expectations of $83.34 million. Analysts anticipate that eHealth, Inc. will post 2.86 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EHTH. BlackRock Inc. raised its position in shares of eHealth by 11.2% in the 1st quarter. BlackRock Inc. now owns 3,510,173 shares of the financial services provider’s stock worth $494,301,000 after acquiring an additional 352,345 shares in the last quarter. Ruffer LLP increased its position in eHealth by 36.7% during the 1st quarter. Ruffer LLP now owns 1,347,694 shares of the financial services provider’s stock valued at $189,177,000 after buying an additional 361,737 shares in the last quarter. Invesco Ltd. increased its position in eHealth by 9.5% during the 1st quarter. Invesco Ltd. now owns 1,097,253 shares of the financial services provider’s stock valued at $154,515,000 after buying an additional 94,760 shares in the last quarter. Lord Abbett & CO. LLC increased its position in eHealth by 99.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 738,887 shares of the financial services provider’s stock valued at $104,050,000 after buying an additional 367,851 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in eHealth by 1,909.7% during the 1st quarter. Alliancebernstein L.P. now owns 725,353 shares of the financial services provider’s stock valued at $102,144,000 after buying an additional 689,260 shares in the last quarter.

A number of equities analysts have weighed in on EHTH shares. Citigroup decreased their target price on eHealth from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Raymond James cut their price objective on eHealth from $165.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, July 27th. SVB Leerink upped their price objective on eHealth from $108.00 to $110.00 and gave the stock a “market perform” rating in a report on Friday, July 24th. Deutsche Bank upped their price objective on eHealth from $138.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, Evercore ISI started coverage on eHealth in a report on Monday, June 15th. They issued a “buy” rating and a $150.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $145.83.

eHealth Company Profile

eHealth, Inc provides private health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its e-commerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.

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Insider Buying and Selling by Quarter for eHealth (NASDAQ:EHTH)

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