eHealth (NASDAQ:EHTH) Upgraded at StockNews.com

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

Other equities analysts have also recently issued reports about the company. Craig Hallum decreased their target price on eHealth from $6.00 to $5.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on eHealth from $5.00 to $2.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th.

eHealth Stock Performance

EHTH stock opened at $5.00 on Tuesday. The business’s 50-day moving average is $4.29 and its two-hundred day moving average is $4.63. The company has a market cap of $147.05 million, a price-to-earnings ratio of -1.85 and a beta of 0.49. eHealth has a fifty-two week low of $3.58 and a fifty-two week high of $9.45.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($1.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.85) by ($0.38). eHealth had a negative return on equity of 4.03% and a negative net margin of 6.32%. The business had revenue of $65.86 million during the quarter, compared to analysts’ expectations of $55.79 million. Equities analysts predict that eHealth will post -1.51 earnings per share for the current year.

Insider Activity

In other eHealth news, CFO John J. Stelben acquired 20,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $4.16 per share, with a total value of $83,200.00. Following the purchase, the chief financial officer now directly owns 515,565 shares of the company’s stock, valued at approximately $2,144,750.40. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO John J. Stelben acquired 20,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $4.16 per share, with a total value of $83,200.00. Following the purchase, the chief financial officer now directly owns 515,565 shares of the company’s stock, valued at approximately $2,144,750.40. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Francis S. Soistman, Jr. bought 50,000 shares of the company’s 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 acquisition, the chief executive officer now owns 907,875 shares in the company, valued at approximately $3,695,051.25. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 80,365 shares of company stock worth $329,404. 4.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On eHealth

Several hedge funds and other institutional investors have recently made changes to their positions in EHTH. Summit Securities Group LLC bought a new position in eHealth during the 2nd quarter valued at about $53,000. Point72 DIFC Ltd boosted its position in shares of eHealth by 3,996.8% during the second quarter. Point72 DIFC Ltd now owns 12,741 shares of the financial services provider’s stock valued at $58,000 after buying an additional 12,430 shares during the period. BNP Paribas Financial Markets grew 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 last quarter. Algert Global LLC raised its holdings in shares of eHealth by 76.6% in the second quarter. Algert Global LLC now owns 18,392 shares of the financial services provider’s stock worth $83,000 after buying an additional 7,980 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of eHealth by 15.5% during the 2nd quarter. American Century Companies Inc. now owns 38,170 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 5,120 shares during 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.