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

eHealth, Inc. (NASDAQ:EHTH) Director Francis Soistman, Jr. sold 37,296 shares of the firm’s 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 sale, the director owned 1,052,518 shares in the company, valued at approximately $1,199,870.52. This trade represents 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 Down 0.1%

Shares of NASDAQ:EHTH opened at $0.95 on Friday. eHealth, Inc. has a 52-week low of $0.90 and a 52-week high of $5.89. The firm has a fifty day moving average of $1.36 and a 200 day moving average of $1.52. The firm has a market capitalization of $30.43 million, a PE ratio of -0.82 and a beta of 1.51. The company has a debt-to-equity ratio of 0.21, a quick ratio of 5.12 and a current ratio of 5.12.

eHealth (NASDAQ:EHTH) last released its earnings results on Tuesday, August 4th. The financial services provider reported ($1.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.84) by ($0.34). eHealth had a net margin of 5.42% and a return on equity of 6.13%. The firm had revenue of $33.57 million during the quarter, compared to the consensus estimate of $33.28 million. As a group, research analysts anticipate that eHealth, Inc. will post 0.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC lifted its stake in shares of eHealth by 74.3% in 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 last quarter. Goldman Sachs Group Inc. grew its position in eHealth by 38.5% during the 1st 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 last quarter. Jane Street Group LLC grew its position in eHealth by 115.9% during the 1st 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 last quarter. Geode Capital Management LLC increased its stake in eHealth by 101.3% in the 2nd quarter. Geode Capital Management LLC now owns 711,762 shares of the financial services provider’s stock worth $3,097,000 after purchasing an additional 358,192 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in eHealth by 13.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 270,655 shares of the financial services provider’s stock worth $1,177,000 after purchasing an additional 31,177 shares during the period. 79.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

EHTH has been the topic of a number of research reports. Royal Bank Of Canada decreased their price objective on eHealth from $3.00 to $2.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 25th. UBS Group cut their target price on eHealth from $2.00 to $1.75 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of eHealth in a research report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $3.00 price target on shares of eHealth in a research report on Friday, May 8th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $2.19.

eHealth Company Profile

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.