eHealth (NASDAQ:EHTH) Rating Lowered to Sell at StockNews.com

eHealth (NASDAQ:EHTH) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

EHTH has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft reduced their target price on eHealth from $5.00 to $2.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. Craig Hallum reduced their price objective on eHealth from $6.00 to $5.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th.

eHealth Price Performance

Shares of NASDAQ:EHTH remained flat at $5.00 on Monday. The company’s stock had a trading volume of 79,970 shares, compared to its average volume of 258,934. The stock has a market cap of $147.05 million, a P/E ratio of -1.85 and a beta of 0.53. The firm’s 50-day moving average price is $4.23 and its 200-day moving average price is $4.62. eHealth has a 1 year low of $3.58 and a 1 year high of $9.45.

eHealth (NASDAQ:EHTH) last announced its earnings results 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). eHealth had a negative net margin of 6.32% and a negative return on equity of 4.03%. The company had revenue of $65.86 million during the quarter, compared to analysts’ expectations of $55.79 million. Sell-side analysts anticipate that eHealth will post -1.51 earnings per share for the current year.

Insider Transactions at eHealth

In other eHealth news, SVP Gavin G. Galimi bought 10,365 shares of eHealth stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of $4.12 per share, with a total value of $42,703.80. Following the acquisition, the senior vice president now owns 185,290 shares in the company, valued at approximately $763,394.80. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Francis S. Soistman, Jr. acquired 50,000 shares of the stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $4.07 per share, for a total transaction of $203,500.00. Following the completion of the transaction, the chief executive officer now owns 907,875 shares of the company’s stock, valued at $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 is available at this hyperlink. Also, SVP Gavin G. Galimi bought 10,365 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was purchased at an average price of $4.12 per share, for a total transaction of $42,703.80. Following the acquisition, the senior vice president now directly owns 185,290 shares of the company’s stock, valued at approximately $763,394.80. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 80,365 shares of company stock worth $329,404. 4.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On eHealth

A number of hedge funds have recently modified their holdings of EHTH. BNP Paribas Financial Markets increased its stake in shares of eHealth by 76.7% during the first quarter. BNP Paribas Financial Markets now owns 13,323 shares of the financial services provider’s stock valued at $80,000 after buying an additional 5,782 shares during the period. GSA Capital Partners LLP bought a new stake in shares of eHealth during the 1st quarter valued at about $472,000. Assenagon Asset Management S.A. increased its position in shares of eHealth by 4.3% during the second quarter. Assenagon Asset Management S.A. now owns 136,127 shares of the financial services provider’s stock valued at $617,000 after buying an additional 5,565 shares during the period. Summit Securities Group LLC purchased a new stake in eHealth in the second quarter worth about $53,000. Finally, Los Angeles Capital Management LLC boosted its position in eHealth by 77.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 158,171 shares of the financial services provider’s stock valued at $717,000 after acquiring an additional 69,246 shares in the last quarter. Hedge funds and other institutional investors own 79.54% of the company’s stock.

eHealth Company Profile

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.