eHealth (NASDAQ:EHTH – Free Report) 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.
View Our Latest Report on EHTH
eHealth Price Performance
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.
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