eHealth (NASDAQ:EHTH) Director Francis Soistman, Jr. Sells 37,297 Shares

eHealth, Inc. (NASDAQ:EHTH) Director Francis Soistman, Jr. sold 37,297 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $1.05, for a total value of $39,161.85. Following the completion of the transaction, the director directly owned 1,015,221 shares of the company’s stock, valued at $1,065,982.05. The trade was a 3.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

eHealth Price Performance

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

eHealth (NASDAQ:EHTH) last posted its earnings results on Tuesday, August 4th. The financial services provider reported ($1.18) earnings per share for the quarter, missing the consensus estimate of ($0.84) by ($0.34). eHealth had a net margin of 5.42% and a return on equity of 6.13%. The firm had revenue of $33.57 million for the quarter, compared to analysts’ expectations of $33.28 million. Analysts expect that eHealth, Inc. will post 0.8 EPS for the current year.

Hedge Funds Weigh In On eHealth

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP grew its position in shares of eHealth by 103.1% in the second quarter. Susquehanna International Group LLP now owns 97,843 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 49,673 shares during the period. Nantahala Capital Management LLC acquired a new position in shares of eHealth during the 2nd quarter worth about $2,624,547. Palo Alto Investors LP purchased a new position in eHealth in the 2nd quarter valued at about $2,209,368. Bank of America Corp DE purchased a new position in eHealth in the 2nd quarter valued at about $252,000. Finally, Hsbc Holdings PLC acquired a new stake in eHealth in the 2nd quarter worth about $111,000. 79.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EHTH shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $3.00 price objective on shares of eHealth in a research report on Friday, May 8th. Weiss Ratings restated a “sell (d)” rating on shares of eHealth in a research note on Thursday, August 13th. Royal Bank Of Canada reduced their price target on eHealth from $3.00 to $2.00 and set a “sector perform” rating for the company in a report on Tuesday, August 25th. Finally, UBS Group lowered their price target on eHealth from $2.00 to $1.75 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $2.19.

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.