eHealth (NASDAQ:EHTH) CFO Acquires $38,250.00 in Stock

eHealth, Inc. (NASDAQ:EHTH) CFO John Joseph Dolan purchased 25,000 shares of eHealth stock in a transaction dated Friday, March 6th. The shares were bought at an average cost of $1.53 per share, for a total transaction of $38,250.00. Following the transaction, the chief financial officer directly owned 208,755 shares of the company’s stock, valued at approximately $319,395.15. The trade was a 13.61% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

eHealth Stock Down 4.6%

NASDAQ:EHTH opened at $1.55 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $48.01 million, a price-to-earnings ratio of -2.18 and a beta of 1.27. eHealth, Inc. has a one year low of $1.20 and a one year high of $8.44. The stock has a 50-day simple moving average of $2.62 and a 200 day simple moving average of $3.70.

eHealth (NASDAQ:EHTH) last announced its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($0.32). The firm had revenue of $326.24 million for the quarter, compared to analyst estimates of $318.25 million. eHealth had a net margin of 6.12% and a return on equity of 5.46%. Sell-side analysts predict that eHealth, Inc. will post -2.17 EPS for the current fiscal year.

Hedge Funds Weigh In On eHealth

Several hedge funds and other institutional investors have recently modified their holdings of EHTH. Nantahala Capital Management LLC lifted its position in eHealth by 34.3% in the 3rd quarter. Nantahala Capital Management LLC now owns 1,761,441 shares of the financial services provider’s stock valued at $7,592,000 after purchasing an additional 450,000 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of eHealth by 0.3% during the third quarter. Vanguard Group Inc. now owns 1,526,098 shares of the financial services provider’s stock valued at $6,577,000 after buying an additional 4,958 shares during the last quarter. Findell Capital Management LLC grew its holdings in eHealth by 15.0% in the 4th quarter. Findell Capital Management LLC now owns 1,408,975 shares of the financial services provider’s stock worth $6,481,000 after buying an additional 183,975 shares in the last quarter. Geode Capital Management LLC increased its position in eHealth by 101.3% in the 2nd quarter. Geode Capital Management LLC now owns 711,762 shares of the financial services provider’s stock valued at $3,097,000 after acquiring an additional 358,192 shares during the period. Finally, Millennium Management LLC raised its stake in eHealth by 74.3% during the 1st quarter. Millennium Management LLC now owns 705,704 shares of the financial services provider’s stock valued at $4,714,000 after acquiring an additional 300,792 shares in the last quarter. Institutional investors and hedge funds own 79.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EHTH. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of eHealth in a report on Monday, December 29th. Craig Hallum downgraded shares of eHealth from a “buy” rating to a “hold” rating and set a $2.00 price target on the stock. in a research report on Thursday, February 26th. Royal Bank Of Canada dropped their price objective on shares of eHealth from $9.00 to $3.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Finally, Zacks Research cut shares of eHealth from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. Three research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, eHealth presently has an average rating of “Reduce” and an average price target of $3.33.

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.