eHealth (NASDAQ:EHTH) Stock Rating Lowered by StockNews.com

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

A number of other equities research analysts have also recently commented on EHTH. Craig Hallum cut their target price on eHealth from $6.00 to $5.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of eHealth from $5.00 to $2.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th.

eHealth Price Performance

Shares of eHealth stock remained flat at $5.00 during trading on Monday. 79,970 shares of the company traded hands, compared to its average volume of 258,934. eHealth has a 52 week low of $3.58 and a 52 week high of $9.45. The firm has a market capitalization of $147.05 million, a P/E ratio of -1.85 and a beta of 0.53. The business’s 50 day moving average price is $4.23 and its two-hundred day moving average price is $4.62.

eHealth (NASDAQ:EHTH) last released its earnings results on Wednesday, August 7th. The financial services provider reported ($1.23) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $65.86 million for the quarter, compared to analysts’ expectations of $55.79 million. As a group, equities research analysts anticipate that eHealth will post -1.51 EPS for the current fiscal year.

Insider Activity at eHealth

In other eHealth news, SVP Gavin G. Galimi purchased 10,365 shares of the stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $4.12 per share, with a total value of $42,703.80. Following the completion of the acquisition, the senior vice president now directly owns 185,290 shares in the company, valued at $763,394.80. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, SVP Gavin G. Galimi purchased 10,365 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were purchased 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 directly owns 185,290 shares in the company, valued at $763,394.80. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Francis S. Soistman, Jr. purchased 50,000 shares of eHealth stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $4.07 per share, with a total value of $203,500.00. Following the completion of the purchase, the chief executive officer now directly owns 907,875 shares of the company’s stock, valued at approximately $3,695,051.25. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 80,365 shares of company stock valued at $329,404. 4.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On eHealth

A number of hedge funds have recently added to or reduced their stakes in the stock. Summit Securities Group LLC purchased a new stake in eHealth during the second quarter valued at $53,000. Point72 DIFC Ltd boosted its position in eHealth by 3,996.8% in the second quarter. Point72 DIFC Ltd now owns 12,741 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 12,430 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of eHealth by 76.7% during the 1st quarter. BNP Paribas Financial Markets now owns 13,323 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 5,782 shares during the period. Algert Global LLC lifted its stake in shares of eHealth by 76.6% in the 2nd quarter. Algert Global LLC now owns 18,392 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 7,980 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of eHealth by 15.5% in the second quarter. American Century Companies Inc. now owns 38,170 shares of the financial services provider’s stock worth $173,000 after buying an additional 5,120 shares during the last quarter. 79.54% of the stock is currently owned by hedge funds and other institutional investors.

About eHealth

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.