Insider Buying: eHealth, Inc. (NASDAQ:EHTH) SVP Purchases $42,703.80 in Stock

eHealth, Inc. (NASDAQ:EHTH) SVP Gavin G. Galimi purchased 10,365 shares of eHealth stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $4.12 per share, for a total transaction of $42,703.80. Following the completion of the purchase, the senior vice president now owns 185,290 shares of the company’s stock, valued at $763,394.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

eHealth Stock Up 9.3 %

eHealth stock opened at $4.45 on Friday. eHealth, Inc. has a twelve month low of $3.75 and a twelve month high of $9.55. The company has a market capitalization of $129.60 million, a P/E ratio of -1.75 and a beta of 0.56. The stock’s 50 day moving average is $4.77 and its 200 day moving average is $5.44.

Hedge Funds Weigh In On eHealth

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in eHealth during the 4th quarter valued at about $107,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of eHealth by 101.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 72,247 shares of the financial services provider’s stock valued at $630,000 after buying an additional 36,449 shares during the last quarter. Sapient Capital LLC bought a new stake in shares of eHealth during the fourth quarter valued at approximately $265,000. Los Angeles Capital Management LLC purchased a new position in eHealth in the 4th quarter worth approximately $318,000. Finally, Jump Financial LLC lifted its position in eHealth by 18.1% in the 4th quarter. Jump Financial LLC now owns 21,413 shares of the financial services provider’s stock valued at $187,000 after acquiring an additional 3,282 shares in the last quarter. 79.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Craig Hallum dropped their target price on shares of eHealth from $6.00 to $5.00 and set a “hold” rating on the stock in a report 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.