Insider Selling: eHealth (NASDAQ:EHTH) Director Sells $14,214.20 in Stock

eHealth, Inc. (NASDAQ:EHTH) Director Francis Soistman, Jr. sold 20,306 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $0.70, for a total transaction of $14,214.20. Following the completion of the transaction, the director directly owned 994,915 shares in the company, valued at approximately $696,440.50. This represents a 2.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

eHealth Stock Performance

Shares of EHTH stock opened at $0.67 on Monday. eHealth, Inc. has a 12-month low of $0.67 and a 12-month high of $5.89. The company has a market capitalization of $21.46 million, a PE ratio of -0.58 and a beta of 1.63. The firm has a 50 day moving average price of $1.07 and a two-hundred day moving average price of $1.42. 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 posted its earnings results on Tuesday, August 4th. The financial services provider reported ($1.18) EPS for the quarter, missing the consensus estimate of ($0.84) by ($0.34). The firm had revenue of $33.57 million during the quarter, compared to analyst estimates of $33.28 million. eHealth had a net margin of 5.42% and a return on equity of 6.13%. As a group, analysts predict that eHealth, Inc. will post 0.8 earnings per share for the current year.

Institutional Investors Weigh In On eHealth

Institutional investors have recently made changes to their positions in the stock. Nantahala Capital Management LLC bought a new position in eHealth during the 2nd quarter worth $2,624,547. Palo Alto Investors LP bought a new stake in shares of eHealth during the 2nd quarter valued at $2,209,368. Findell Capital Management LLC lifted its position in shares of eHealth by 15.0% during the 4th quarter. Findell Capital Management LLC now owns 1,408,975 shares of the financial services provider’s stock valued at $6,481,000 after acquiring an additional 183,975 shares during the period. BlackRock Inc. acquired a new stake in shares of eHealth during the 2nd quarter worth $2,000,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of eHealth by 80.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 472,569 shares of the financial services provider’s stock worth $704,000 after purchasing an additional 210,716 shares in the last quarter. 79.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on EHTH shares. Royal Bank Of Canada dropped 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. UBS Group decreased their price target on shares of eHealth from $2.00 to $1.75 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of eHealth in a research report on Thursday, August 13th. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $2.19.

About eHealth

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.