eHealth (NASDAQ:EHTH) Director Sells 37,297 Shares of Stock

eHealth, Inc. (NASDAQ:EHTH) Director Francis Soistman, Jr. sold 37,297 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $1.05, for a total value of $39,161.85. Following the sale, the director owned 1,015,221 shares of the company’s stock, valued at $1,065,982.05. This represents a 3.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

eHealth Trading Up 0.6%

EHTH traded up $0.01 on Wednesday, hitting $0.95. 798,869 shares of the company were exchanged, compared to its average volume of 528,770. The company has a debt-to-equity ratio of 0.21, a quick ratio of 5.12 and a current ratio of 5.12. The firm has a fifty day simple moving average of $1.39 and a two-hundred day simple moving average of $1.53. The stock has a market capitalization of $30.46 million, a PE ratio of -0.82 and a beta of 1.52. eHealth, Inc. has a 12 month low of $0.90 and a 12 month high of $5.89.

eHealth (NASDAQ:EHTH) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported ($1.18) earnings per share for the quarter, missing the consensus estimate of ($0.84) by ($0.34). The company had revenue of $33.57 million during the quarter, compared to the consensus estimate of $33.28 million. eHealth had a net margin of 5.42% and a return on equity of 6.13%. Sell-side analysts expect that eHealth, Inc. will post 0.8 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EHTH. Nantahala Capital Management LLC bought a new position in eHealth in the 2nd quarter worth $2,624,547. Vanguard Group Inc. boosted its stake in shares of eHealth by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,526,098 shares of the financial services provider’s stock valued at $6,577,000 after purchasing an additional 4,958 shares in the last quarter. Palo Alto Investors LP bought a new stake in shares of eHealth during the 2nd quarter valued at about $2,209,368. Findell Capital Management LLC increased its position in shares of eHealth by 15.0% during 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 period. Finally, BlackRock Inc. purchased a new position in shares of eHealth during the second quarter valued at about $2,000,000. 79.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EHTH has been the subject of several analyst reports. UBS Group dropped their price target on shares of eHealth from $2.00 to $1.75 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $3.00 price objective 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 research note on Thursday, August 13th. Finally, Royal Bank Of Canada dropped their target price on shares of eHealth from $3.00 to $2.00 and set a “sector perform” rating for the company in a report on Tuesday, August 25th. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock 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.