eHealth (NASDAQ:EHTH) PT Lowered to $2.00 at Deutsche Bank Aktiengesellschaft

eHealth (NASDAQ:EHTH) had its target price trimmed by Deutsche Bank Aktiengesellschaft from $5.00 to $2.00 in a research note released on Wednesday morning, Benzinga reports. The brokerage currently has a hold rating on the financial services provider’s stock.

Separately, Craig Hallum reduced their price target on eHealth from $6.00 to $5.00 and set a hold rating for the company in a research report on Thursday, August 8th.

eHealth Price Performance

NASDAQ:EHTH traded up $0.06 during trading hours on Wednesday, reaching $4.10. 10,509 shares of the stock were exchanged, compared to its average volume of 302,361. eHealth has a twelve month low of $3.75 and a twelve month high of $9.45. The firm has a 50 day moving average of $4.69 and a 200 day moving average of $5.40. The stock has a market cap of $119.40 million, a PE ratio of -1.58 and a beta of 0.56.

Insider Transactions at eHealth

In related news, SVP Gavin G. Galimi acquired 10,365 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of $4.12 per share, for a total transaction of $42,703.80. Following the purchase, the senior vice president now directly owns 185,290 shares in the company, valued at approximately $763,394.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO John J. Stelben acquired 20,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of $4.16 per share, for a total transaction of $83,200.00. Following the purchase, the chief financial officer now directly owns 515,565 shares in the company, valued at approximately $2,144,750.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Gavin G. Galimi purchased 10,365 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $4.12 per share, for a total transaction of $42,703.80. Following the purchase, the senior vice president now owns 185,290 shares in the company, valued at approximately $763,394.80. The disclosure for this purchase can be found here. Insiders have purchased a total of 80,365 shares of company stock worth $329,404 in the last 90 days. Corporate insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On eHealth

Large investors have recently added to or reduced their stakes in the business. Summit Securities Group LLC bought a new stake in eHealth in the 2nd quarter valued at $53,000. SG Americas Securities LLC bought a new stake in eHealth in the 4th quarter valued at $107,000. Point72 DIFC Ltd raised its stake in eHealth by 3,996.8% in the 2nd quarter. Point72 DIFC Ltd now owns 12,741 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 12,430 shares during the period. BNP Paribas Financial Markets raised its stake in eHealth by 76.7% in the 1st quarter. BNP Paribas Financial Markets now owns 13,323 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 5,782 shares during the period. Finally, Jump Financial LLC raised its stake in eHealth by 18.1% in the 4th quarter. Jump Financial LLC now owns 21,413 shares of the financial services provider’s stock valued at $187,000 after acquiring an additional 3,282 shares during the period. 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.