Shares of eHealth, Inc. (NASDAQ:EHTH) dropped 5.1% during mid-day trading on Monday . The company traded as low as $52.71 and last traded at $53.12, approximately 580,244 shares traded hands during trading. An increase of 0% from the average daily volume of 577,950 shares. The stock had previously closed at $55.98.
EHTH has been the topic of a number of recent analyst reports. First Analysis upgraded eHealth from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $106.00 to $136.00 in a research report on Monday, July 29th. Credit Suisse Group upgraded eHealth to an “outperform” rating in a research report on Friday, September 27th. Evercore ISI set a $125.00 price target on eHealth and gave the stock a “buy” rating in a research report on Friday, September 27th. ValuEngine downgraded eHealth from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Cantor Fitzgerald increased their price target on eHealth from $100.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. eHealth currently has a consensus rating of “Buy” and a consensus target price of $117.20.
The business has a fifty day simple moving average of $76.17 and a 200 day simple moving average of $77.14. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 84.31 and a beta of 1.07. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.12 and a quick ratio of 4.12.
In other eHealth news, insider Robert S. Hurley sold 1,500 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $66.51, for a total transaction of $99,765.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dale B. Wolf bought 1,000 shares of eHealth stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $82.10 per share, with a total value of $82,100.00. Following the acquisition, the director now directly owns 4,533 shares of the company’s stock, valued at $372,159.30. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 4,000 shares of company stock valued at $374,440 and have sold 168,627 shares valued at $17,476,948. 5.00% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in EHTH. FMR LLC raised its holdings in shares of eHealth by 1,540.3% during the first quarter. FMR LLC now owns 1,644,434 shares of the financial services provider’s stock valued at $102,514,000 after acquiring an additional 1,544,184 shares during the last quarter. Waddell & Reed Financial Inc. acquired a new stake in shares of eHealth in the second quarter valued at approximately $30,838,000. Invesco Ltd. increased its holdings in shares of eHealth by 130.9% in the second quarter. Invesco Ltd. now owns 411,530 shares of the financial services provider’s stock valued at $35,432,000 after purchasing an additional 233,335 shares during the last quarter. Axiom International Investors LLC DE acquired a new stake in shares of eHealth in the second quarter valued at approximately $18,036,000. Finally, Redmile Group LLC increased its holdings in shares of eHealth by 12.0% in the first quarter. Redmile Group LLC now owns 1,222,405 shares of the financial services provider’s stock valued at $76,205,000 after purchasing an additional 131,010 shares during the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.
About eHealth (NASDAQ:EHTH)
eHealth, Inc provides private health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its e-commerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.
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