Key Points
- CFO John Joseph Dolan purchased 25,000 shares of eHealth on March 6 at an average price of $1.53 per share (total $38,250), increasing his stake 13.61% to 208,755 shares valued at about $319,395.
- eHealth trades near $1.49 with a 52-week range of $1.20–$8.44 and a market cap of roughly $46.3M; the company has a negative PE and recently missed EPS estimates, while analysts' consensus is a "Reduce" rating (target $5.33) even as several hedge funds have recently increased their holdings and institutions own about 79.5% of the stock.
eHealth, Inc. (NASDAQ:EHTH - Get Free Report) CFO John Joseph Dolan purchased 25,000 shares of the firm's stock in a transaction on Friday, March 6th. The stock was acquired at an average price of $1.53 per share, with a total value of $38,250.00. Following the completion of the purchase, the chief financial officer owned 208,755 shares of the company's stock, valued at $319,395.15. The trade was a 13.61% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
eHealth Price Performance
Shares of NASDAQ EHTH opened at $1.49 on Tuesday. eHealth, Inc. has a fifty-two week low of $1.20 and a fifty-two week high of $8.44. The company has a market cap of $46.29 million, a PE ratio of -2.10 and a beta of 1.27. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.03. The business has a 50-day simple moving average of $2.74 and a two-hundred day simple moving average of $3.73.
eHealth (NASDAQ:EHTH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($0.32). The company had revenue of $326.24 million for 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%. As a group, equities analysts expect that eHealth, Inc. will post -2.17 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have issued reports on EHTH shares. Royal Bank Of Canada decreased their price target on shares of eHealth from $10.00 to $9.00 and set a "sector perform" rating for the company in a report on Tuesday, November 25th. Weiss Ratings reissued a "sell (d+)" rating on shares of eHealth in a report on Monday, December 29th. Craig Hallum downgraded eHealth from a "buy" rating to a "hold" rating and set a $2.00 target price on the stock. in a research report on Thursday, February 26th. Finally, Zacks Research lowered eHealth from a "hold" rating to a "strong sell" rating in a research note on Tuesday, March 3rd. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $5.33.
Check Out Our Latest Research Report on eHealth
Hedge Funds Weigh In On eHealth
Several hedge funds and other institutional investors have recently bought and sold shares of EHTH. Millennium Management LLC lifted its stake in eHealth by 74.3% during the 1st quarter. Millennium Management LLC now owns 705,704 shares of the financial services provider's stock valued at $4,714,000 after acquiring an additional 300,792 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of eHealth by 38.5% in the first quarter. Goldman Sachs Group Inc. now owns 144,263 shares of the financial services provider's stock worth $964,000 after acquiring an additional 40,096 shares during the period. Jane Street Group LLC increased its stake in shares of eHealth by 115.9% in the first quarter. Jane Street Group LLC now owns 234,894 shares of the financial services provider's stock worth $1,569,000 after acquiring an additional 126,076 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of 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 purchasing an additional 139,096 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of eHealth by 31.2% during the second quarter. Acadian Asset Management LLC now owns 584,930 shares of the financial services provider's stock worth $2,538,000 after purchasing an additional 139,019 shares during the last quarter. Institutional investors and hedge funds own 79.54% of the company's stock.
About eHealth
(
Get Free Report)
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.
Further Reading
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