eHealth (NASDAQ:EHTH) Director Francis Soistman, Jr. Sells 37,296 Shares

eHealth, Inc. (NASDAQ:EHTH) Director Francis Soistman, Jr. sold 37,296 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $1.14, for a total value of $42,517.44. Following the completion of the transaction, the director owned 1,052,518 shares in the company, valued at $1,199,870.52. This represents a 3.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

eHealth Stock Up 0.6%

Shares of NASDAQ:EHTH opened at $0.95 on Thursday. The business’s 50 day moving average is $1.37 and its 200 day moving average is $1.53. eHealth, Inc. has a 12-month low of $0.90 and a 12-month high of $5.89. The stock has a market cap of $30.45 million, a price-to-earnings ratio of -0.82 and a beta of 1.51. The company has a quick ratio of 5.12, a current ratio of 5.12 and a debt-to-equity ratio of 0.21.

eHealth (NASDAQ:EHTH) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported ($1.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.84) by ($0.34). eHealth had a net margin of 5.42% and a return on equity of 6.13%. The company had revenue of $33.57 million during the quarter, compared to analysts’ expectations of $33.28 million. On average, sell-side analysts forecast that eHealth, Inc. will post 0.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of eHealth in a research report on Thursday, August 13th. UBS Group reduced their price objective 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. Royal Bank Of Canada decreased their price objective on shares of eHealth from $3.00 to $2.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $3.00 target price on shares of eHealth in a research report on Friday, May 8th. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $2.19.

Institutional Investors Weigh In On eHealth

Large investors have recently made changes to their positions in the business. Nantahala Capital Management LLC purchased a new position in shares of eHealth in the 2nd quarter worth about $2,624,547. Palo Alto Investors LP purchased a new stake in eHealth during the second quarter worth about $2,209,368. BlackRock Inc. purchased a new stake in eHealth during the second quarter worth about $2,000,000. J. Goldman & Co LP bought a new stake in eHealth in the fourth quarter worth about $3,134,000. Finally, Mackenzie Financial Corp bought a new stake in eHealth in the third quarter worth about $1,711,000. 79.54% of the stock is owned by hedge funds and other institutional investors.

eHealth Company Profile

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.