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

eHealth, Inc. (NASDAQ:EHTH) Director Francis Soistman, Jr. sold 37,296 shares of eHealth stock in a transaction on Monday, August 31st. The shares were sold at an average price of $1.14, for a total transaction of $42,517.44. Following the transaction, the director owned 1,052,518 shares in the company, valued at $1,199,870.52. The trade was a 3.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

eHealth Stock Up 0.6%

eHealth stock traded up $0.01 during trading on Wednesday, reaching $0.95. 798,869 shares of the company’s stock were exchanged, compared to its average volume of 528,770. eHealth, Inc. has a 52-week low of $0.90 and a 52-week high of $5.89. The firm has a market cap of $30.46 million, a price-to-earnings ratio of -0.82 and a beta of 1.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 5.12 and a current ratio of 5.12. The company’s 50-day moving average is $1.39 and its two-hundred day moving average is $1.53.

eHealth (NASDAQ:EHTH) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported ($1.18) EPS 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 company had revenue of $33.57 million during the quarter, compared to analysts’ expectations of $33.28 million. On average, analysts predict that eHealth, Inc. will post 0.8 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EHTH. UBS Group decreased their price target on eHealth from $2.00 to $1.75 and set a “neutral” rating for the company in a report on Wednesday, August 5th. 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. Weiss Ratings restated a “sell (d)” rating on shares of eHealth in a research note on Thursday, August 13th. Finally, Royal Bank Of Canada dropped their price target on shares of eHealth from $3.00 to $2.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 25th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $2.19.

Hedge Funds Weigh In On eHealth

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