John Joseph Dolan Acquires 25,000 Shares of eHealth (NASDAQ:EHTH) Stock

eHealth, Inc. (NASDAQ:EHTH) CFO John Joseph Dolan acquired 25,000 shares of the stock in a transaction dated Friday, March 6th. The stock was acquired at an average price of $1.53 per share, for a total transaction of $38,250.00. Following the completion of the acquisition, the chief financial officer directly owned 208,755 shares of the company’s stock, valued at $319,395.15. The trade was a 13.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

eHealth Trading Up 8.7%

eHealth stock opened at $1.62 on Wednesday. The company has a market cap of $50.33 million, a price-to-earnings ratio of -2.28 and a beta of 1.27. The firm has a 50-day moving average of $2.68 and a 200-day moving average of $3.71. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.03 and a quick ratio of 1.03. eHealth, Inc. has a one year low of $1.20 and a one year high of $8.44.

eHealth (NASDAQ:EHTH) last released its earnings results on Wednesday, February 25th. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($0.32). The company had revenue of $326.24 million during 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%. On average, equities analysts expect that eHealth, Inc. will post -2.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Royal Bank Of Canada cut their price target on shares of eHealth from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 25th. Craig Hallum cut eHealth from a “buy” rating to a “hold” rating and set a $2.00 price target for the company. in a report on Thursday, February 26th. Zacks Research downgraded eHealth from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of eHealth in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, eHealth has an average rating of “Reduce” and a consensus price target of $5.33.

Institutional Investors Weigh In On eHealth

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC raised its holdings in shares of eHealth by 31.2% during the 2nd quarter. Acadian Asset Management LLC now owns 584,930 shares of the financial services provider’s stock worth $2,538,000 after buying an additional 139,019 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in eHealth by 25.9% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 676,234 shares of the financial services provider’s stock worth $2,942,000 after acquiring an additional 139,096 shares in the last quarter. Squarepoint Ops LLC raised its stake in eHealth by 333.8% during the second quarter. Squarepoint Ops LLC now owns 210,661 shares of the financial services provider’s stock worth $916,000 after acquiring an additional 162,094 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of eHealth in the 2nd quarter valued at approximately $55,000. Finally, XTX Topco Ltd grew its holdings in shares of eHealth by 90.9% during the 2nd quarter. XTX Topco Ltd now owns 116,814 shares of the financial services provider’s stock valued at $508,000 after purchasing an additional 55,609 shares during the last quarter. 79.54% of the stock is currently owned by institutional investors.

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.