John Joseph Dolan Acquires 25,000 Shares of eHealth (NASDAQ:EHTH) Stock

eHealth, Inc. (NASDAQ:EHTH) CFO John Joseph Dolan bought 25,000 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average cost of $1.53 per share, with a total value of $38,250.00. Following the completion of the transaction, the chief financial officer owned 208,755 shares of the company’s stock, valued at $319,395.15. This represents a 13.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

eHealth Stock Down 9.1%

EHTH stock traded down $0.15 during mid-day trading on Monday, reaching $1.49. 578,316 shares of the company traded hands, compared to its average volume of 808,443. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average price is $2.80 and its 200 day moving average price is $3.74. The stock has a market cap of $46.30 million, a price-to-earnings ratio of -2.10 and a beta of 1.27. eHealth, Inc. has a fifty-two week low of $1.20 and a fifty-two week high of $8.44.

eHealth (NASDAQ:EHTH) last posted its earnings results on Wednesday, February 25th. The financial services provider reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.38 by ($0.32). The company had revenue of $326.24 million during the quarter, compared to the consensus estimate of $318.25 million. eHealth had a net margin of 6.12% and a return on equity of 5.46%. As a group, equities research analysts predict that eHealth, Inc. will post -2.17 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Craig Hallum downgraded shares of eHealth from a “buy” rating to a “hold” rating and set a $2.00 target price for the company. in a report on Thursday, February 26th. Zacks Research downgraded eHealth from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of eHealth in a research report on Monday, December 29th. Finally, Royal Bank Of Canada cut their price objective on eHealth from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 25th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, eHealth has an average rating of “Reduce” and an average target price of $5.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EHTH. Nantahala Capital Management LLC increased its holdings in eHealth by 34.3% in the 3rd quarter. Nantahala Capital Management LLC now owns 1,761,441 shares of the financial services provider’s stock worth $7,592,000 after acquiring an additional 450,000 shares during the last quarter. Vanguard Group Inc. boosted its position in eHealth by 0.3% during the third quarter. Vanguard Group Inc. now owns 1,526,098 shares of the financial services provider’s stock worth $6,577,000 after purchasing an additional 4,958 shares during the period. Findell Capital Management LLC increased its stake in shares of eHealth by 15.0% in the fourth quarter. Findell Capital Management LLC now owns 1,408,975 shares of the financial services provider’s stock worth $6,481,000 after purchasing an additional 183,975 shares in the last quarter. Geode Capital Management LLC raised its position in shares of eHealth by 101.3% in the second quarter. Geode Capital Management LLC now owns 711,762 shares of the financial services provider’s stock valued at $3,097,000 after purchasing an additional 358,192 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of 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 buying an additional 300,792 shares in the last quarter. Institutional investors own 79.54% of the company’s stock.

About eHealth

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.