Key Points
- eHealth director Francis Soistman Jr. sold 37,297 shares at an average price of $1.05, generating approximately $39,162. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his ownership by 3.54% to 1,015,221 shares.
- eHealth shares opened at $0.95, near their 52-week low of $0.90 and well below the 52-week high of $5.89. The company recently reported an adjusted loss of $1.18 per share, missing analyst expectations, while revenue slightly exceeded estimates.
- Analyst sentiment remains cautious, with five Hold ratings and one Sell rating, an overall “Reduce” consensus, and an average price target of $2.19. Institutional investors own approximately 79.54% of the company.
eHealth, Inc. (NASDAQ:EHTH - Get Free Report) Director Francis Soistman, Jr. sold 37,297 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $1.05, for a total value of $39,161.85. Following the sale, the director 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 filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
eHealth Trading Up 0.6%
Shares of EHTH stock opened at $0.95 on Thursday. The stock's fifty day moving average is $1.37 and its two-hundred day moving average is $1.53. 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 firm has a market capitalization of $30.45 million, a P/E ratio of -0.82 and a beta of 1.51. eHealth, Inc. has a fifty-two week low of $0.90 and a fifty-two week high of $5.89.
eHealth (NASDAQ:EHTH - Get Free Report) last announced its earnings results on Tuesday, August 4th. The financial services provider reported ($1.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.84) by ($0.34). eHealth had a return on equity of 6.13% and a net margin of 5.42%.The business had revenue of $33.57 million for the quarter, compared to analyst estimates of $33.28 million. Research analysts expect that eHealth, Inc. will post 0.8 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on EHTH shares. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $3.00 price objective on shares of eHealth in a research note on Friday, May 8th. Weiss Ratings restated a "sell (d)" rating on shares of eHealth in a report on Thursday, August 13th. Royal Bank Of Canada lowered their target price on eHealth from $3.00 to $2.00 and set a "sector perform" rating on the stock in a report on Tuesday, August 25th. Finally, UBS Group dropped their price target on eHealth from $2.00 to $1.75 and set a "neutral" rating for the company in a research report on Wednesday, August 5th. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, eHealth currently has an average rating of "Reduce" and a consensus target price of $2.19.
Get Our Latest Stock Report on EHTH
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Susquehanna International Group LLP grew its holdings 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 stake in eHealth during the second quarter worth about $2,624,547. Palo Alto Investors LP purchased a new position in eHealth during the second quarter worth about $2,209,368. Bank of America Corp DE purchased a new position in eHealth during the second quarter worth about $252,000. Finally, Hsbc Holdings PLC acquired a new position in eHealth in the 2nd quarter valued at about $111,000. 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.
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