Key Points
- Director Francis Soistman, Jr. sold 20,306 eHealth shares at an average price of $0.70, generating $14,214.20. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his stake by 2% to 994,915 shares.
- eHealth shares opened at $0.67, near their 52-week low of $0.67 and well below the 52-week high of $5.89. The company has a market capitalization of $21.46 million and a negative P/E ratio of -0.58.
- Analyst sentiment remains cautious: five analysts rate the stock Hold and one rates it Sell, producing an overall “Reduce” rating and an average price target of $2.19. The company also missed quarterly EPS expectations, reporting a loss of $1.18 per share versus the projected $0.84 loss.
eHealth, Inc. (NASDAQ:EHTH - Get Free Report) Director Francis Soistman, Jr. sold 20,306 shares of eHealth stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $0.70, for a total value of $14,214.20. Following the completion of the transaction, the director owned 994,915 shares in the company, valued at approximately $696,440.50. This represents a 2.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
eHealth Stock Performance
Shares of eHealth stock opened at $0.67 on Friday. The company's 50 day moving average price is $1.07 and its two-hundred day moving average price is $1.42. The firm has a market capitalization of $21.46 million, a P/E ratio of -0.58 and a beta of 1.63. eHealth, Inc. has a fifty-two week low of $0.67 and a fifty-two week high of $5.89. 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 - Get Free Report) last announced its quarterly 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 company had revenue of $33.57 million for the quarter, compared to analyst estimates of $33.28 million. On average, equities analysts forecast that eHealth, Inc. will post 0.8 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on EHTH. Royal Bank Of Canada lowered their target price on eHealth from $3.00 to $2.00 and set a "sector perform" rating for the company in a report on Tuesday, August 25th. Weiss Ratings reissued a "sell (d)" rating on shares of eHealth in a research note on Thursday, August 13th. Finally, UBS Group reduced their price target on eHealth from $2.00 to $1.75 and set a "neutral" rating on the stock in a report on Wednesday, August 5th. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, eHealth presently has an average rating of "Reduce" and an average target price of $2.19.
Check Out Our Latest Analysis on EHTH
Hedge Funds Weigh In On eHealth
A number of hedge funds have recently modified their holdings of EHTH. 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 position in eHealth during the 2nd quarter worth about $2,209,368. BlackRock Inc. acquired a new position in eHealth during the 2nd quarter worth about $2,000,000. GSA Capital Partners LLP bought a new stake in shares of eHealth in the 2nd quarter valued at about $494,000. Finally, Assenagon Asset Management S.A. grew its position in shares of eHealth by 80.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 472,569 shares of the financial services provider's stock valued at $704,000 after buying an additional 210,716 shares during the last quarter. Institutional investors and hedge funds own 79.54% of the company's stock.
eHealth Company Profile
(
Get Free Report)
eHealth, Inc (NASDAQ:EHTH) operates an online health insurance marketplace that helps consumers compare, research and enroll in health insurance and related coverage. Through its digital platforms, the company provides information about available plans, eligibility and benefits, and connects individuals with insurance products offered by a range of carriers.
The company's offerings primarily include Medicare Advantage, Medicare Supplement and prescription drug plans, as well as individual and family health insurance plans available through public and private marketplaces.
Further Reading
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