eHealth, Inc. (NASDAQ:EHTH - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.63 and traded as high as $4.96. eHealth shares last traded at $4.93, with a volume of 71,854 shares trading hands.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on EHTH shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of eHealth from $5.00 to $2.00 and set a "hold" rating on the stock in a report on Wednesday, August 14th. Craig Hallum dropped their target price on eHealth from $6.00 to $5.00 and set a "hold" rating for the company in a research report on Thursday, August 8th.
Read Our Latest Report on EHTH
eHealth Price Performance
The firm has a market capitalization of $145.62 million, a P/E ratio of -1.93 and a beta of 0.53. The firm has a 50-day moving average price of $4.19 and a two-hundred day moving average price of $4.63.
eHealth (NASDAQ:EHTH - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($1.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.85) by ($0.38). The company had revenue of $65.86 million for the quarter, compared to the consensus estimate of $55.79 million. eHealth had a negative net margin of 6.32% and a negative return on equity of 4.03%. Sell-side analysts predict that eHealth, Inc. will post -1.51 earnings per share for the current fiscal year.
Insider Activity at eHealth
In other news, CEO Francis S. Soistman, Jr. bought 50,000 shares of the firm's stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $4.07 per share, with a total value of $203,500.00. Following the transaction, the chief executive officer now directly owns 907,875 shares in the company, valued at approximately $3,695,051.25. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other eHealth news, CEO Francis S. Soistman, Jr. purchased 50,000 shares of eHealth stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $4.07 per share, for a total transaction of $203,500.00. Following the acquisition, the chief executive officer now owns 907,875 shares in the company, valued at $3,695,051.25. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John J. Stelben acquired 20,000 shares of the company's stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $4.16 per share, for a total transaction of $83,200.00. Following the completion of the purchase, the chief financial officer now owns 515,565 shares of the company's stock, valued at approximately $2,144,750.40. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 80,365 shares of company stock worth $329,404. Company insiders own 4.10% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the stock. Summit Securities Group LLC purchased a new position in eHealth in the second quarter valued at about $53,000. Point72 DIFC Ltd grew its position in shares of eHealth by 3,996.8% in the 2nd quarter. Point72 DIFC Ltd now owns 12,741 shares of the financial services provider's stock worth $58,000 after buying an additional 12,430 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of eHealth by 76.7% in the 1st quarter. BNP Paribas Financial Markets now owns 13,323 shares of the financial services provider's stock worth $80,000 after buying an additional 5,782 shares during the last quarter. Algert Global LLC raised its stake in shares of eHealth by 76.6% during the 2nd quarter. Algert Global LLC now owns 18,392 shares of the financial services provider's stock worth $83,000 after acquiring an additional 7,980 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in eHealth by 15.5% during the second quarter. American Century Companies Inc. now owns 38,170 shares of the financial services provider's stock valued at $173,000 after acquiring an additional 5,120 shares during the last quarter. 79.54% of the stock is owned by institutional investors.
About eHealth
(
Get Free Report)
eHealth, Inc operates a health insurance marketplace that provides consumer engagement, education, and health insurance enrollment solutions in the United States. The company operates in two segments, Medicare; and Employer and Individual. The Medicare segment offers sale of Medicare-related health insurance plans, which includes Medicare advantage, Medicare Supplement, and Medicare Part D prescription drug plans to Medicare-eligible customers including but not limited to, dental, and vision insurance, as well as advertising program for marketing and other services.
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