eHealth, Inc. (NASDAQ:EHTH) CEO Buys $203,500.00 in Stock

eHealth, Inc. (NASDAQ:EHTH) CEO Francis S. Soistman, Jr. bought 50,000 shares of eHealth stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $4.07 per share, with a total value of $203,500.00. Following the purchase, the chief executive officer now directly owns 907,875 shares of the company’s stock, valued at $3,695,051.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

eHealth Stock Performance

Shares of EHTH opened at $4.45 on Friday. The stock has a market capitalization of $129.60 million, a price-to-earnings ratio of -1.75 and a beta of 0.56. eHealth, Inc. has a 52-week low of $3.75 and a 52-week high of $9.55. The stock’s 50-day simple moving average is $4.77 and its 200 day simple moving average is $5.44.

Hedge Funds Weigh In On eHealth

A number of large investors have recently modified their holdings of EHTH. Summit Securities Group LLC purchased a new stake in eHealth in the 2nd quarter worth approximately $53,000. SG Americas Securities LLC purchased a new stake in shares of eHealth in the fourth quarter worth $107,000. BNP Paribas Financial Markets boosted its stake in eHealth by 76.7% during the first quarter. BNP Paribas Financial Markets now owns 13,323 shares of the financial services provider’s stock valued at $80,000 after buying an additional 5,782 shares during the period. Jump Financial LLC grew its position in eHealth by 18.1% during the fourth quarter. Jump Financial LLC now owns 21,413 shares of the financial services provider’s stock worth $187,000 after buying an additional 3,282 shares in the last quarter. Finally, Sapient Capital LLC bought a new position in eHealth in the 4th quarter worth about $265,000. 79.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Craig Hallum reduced their price objective on shares of eHealth from $6.00 to $5.00 and set a “hold” rating for the company in a research note on Thursday.

About eHealth

eHealth, Inc operates a health insurance marketplace that provides consumer engagement, education, and health insurance enrollment solutions in the United States. The company operates in two segments, Medicare; and Employer and Individual. The Medicare segment offers sale of Medicare-related health insurance plans, which includes Medicare advantage, Medicare Supplement, and Medicare Part D prescription drug plans to Medicare-eligible customers including but not limited to, dental, and vision insurance, as well as advertising program for marketing and other services.