Francis Soistman, Jr. Sells 37,297 Shares of eHealth (NASDAQ:EHTH) Stock

eHealth, Inc. (NASDAQ:EHTH) Director Francis Soistman, Jr. sold 37,297 shares of the company’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 transaction of $39,161.85. Following the transaction, the director directly owned 1,015,221 shares of the company’s stock, valued at $1,065,982.05. This trade represents a 3.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

eHealth Stock Performance

NASDAQ:EHTH opened at $0.95 on Friday. The company has a market cap of $30.43 million, a P/E ratio of -0.82 and a beta of 1.51. The firm’s 50 day moving average is $1.36 and its two-hundred day moving average is $1.52. eHealth, Inc. has a fifty-two week low of $0.90 and a fifty-two week high of $5.89. The company has a quick ratio of 5.12, a current ratio of 5.12 and a debt-to-equity ratio of 0.21.

eHealth (NASDAQ:EHTH) last announced its quarterly earnings data 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). The company had revenue of $33.57 million for the quarter, compared to analysts’ expectations of $33.28 million. eHealth had a net margin of 5.42% and a return on equity of 6.13%. Analysts expect that eHealth, Inc. will post 0.8 EPS for the current year.

Hedge Funds Weigh In On eHealth

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Nantahala Capital Management LLC purchased a new stake in eHealth during the 2nd quarter worth $2,624,547. Vanguard Group Inc. raised its position in eHealth by 0.3% in the third quarter. Vanguard Group Inc. now owns 1,526,098 shares of the financial services provider’s stock valued at $6,577,000 after purchasing an additional 4,958 shares during the period. Palo Alto Investors LP acquired a new position in shares of eHealth during the second quarter worth about $2,209,368. Findell Capital Management LLC lifted its stake in shares of eHealth by 15.0% during 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. Finally, BlackRock Inc. purchased a new stake in shares of eHealth in the second quarter worth about $2,000,000. Institutional investors and hedge funds own 79.54% of the company’s stock.

Analysts Set New Price Targets

EHTH has been the subject of a number of research reports. UBS Group lowered 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. Royal Bank Of Canada cut 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of eHealth in a research note on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $3.00 target price on shares of eHealth in a report on Friday, May 8th. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $2.19.

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.