eHealth (NASDAQ:EHTH) Downgraded to “Sell” Rating by StockNews.com

StockNews.com cut shares of eHealth (NASDAQ:EHTH) from a hold rating to a sell rating in a report published on Monday morning.

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

eHealth Stock Performance

NASDAQ EHTH opened at $5.03 on Monday. The company has a market cap of $147.91 million, a PE ratio of -1.86 and a beta of 0.53. The firm’s 50 day moving average price is $4.28 and its 200-day moving average price is $4.62. eHealth has a 52-week low of $3.58 and a 52-week 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 (EPS) for the quarter, missing the consensus estimate of ($0.85) by ($0.38). The company had revenue of $65.86 million for the quarter, compared to the consensus estimate of $55.79 million. eHealth had a negative net margin of 6.32% and a negative return on equity of 4.03%. On average, analysts forecast that eHealth will post -1.51 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Gavin G. Galimi bought 10,365 shares of the company’s stock in a transaction 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 transaction, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other eHealth news, CEO Francis S. Soistman, Jr. purchased 50,000 shares of eHealth stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $4.07 per share, with a total value of $203,500.00. Following the transaction, the chief executive officer now owns 907,875 shares of the company’s stock, valued at $3,695,051.25. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Gavin G. Galimi acquired 10,365 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $4.12 per share, for a total transaction 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 approximately $763,394.80. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 80,365 shares of company stock worth $329,404 over the last 90 days. 4.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. grew its holdings in eHealth by 43.0% during the third quarter. Assenagon Asset Management S.A. now owns 194,667 shares of the financial services provider’s stock worth $794,000 after acquiring an additional 58,540 shares during the period. Point72 DIFC Ltd grew its stake in shares of eHealth by 3,996.8% during the 2nd 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 period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of eHealth during the 2nd quarter valued at approximately $201,000. 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 valued at $83,000 after purchasing an additional 7,980 shares during the period. Finally, DSC Advisors L.P. boosted its holdings in eHealth by 2.6% during the second quarter. DSC Advisors L.P. now owns 600,000 shares of the financial services provider’s stock worth $2,718,000 after buying an additional 15,000 shares in the last quarter. 79.54% of the stock is currently owned by institutional investors and hedge funds.

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.