eHealth, Inc. (NASDAQ:EHTH) insider Robert S. Hurley purchased 1,500 shares of eHealth stock in a transaction that occurred on Monday, March 12th. The shares were bought at an average price of $16.00 per share, for a total transaction of $24,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of EHTH stock opened at $15.38 on Friday. The company has a market capitalization of $299.79, a PE ratio of -12.02 and a beta of 1.70. eHealth, Inc. has a fifty-two week low of $10.41 and a fifty-two week high of $28.59.
eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Thursday, March 1st. The financial services provider reported ($0.93) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.21) by $0.28. The firm had revenue of $38.84 million for the quarter, compared to analyst estimates of $39.50 million. eHealth had a negative return on equity of 27.04% and a negative net margin of 14.74%. equities research analysts anticipate that eHealth, Inc. will post 0.31 earnings per share for the current year.
Hedge funds have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan grew its position in shares of eHealth by 58.8% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,290 shares of the financial services provider’s stock worth $150,000 after buying an additional 2,330 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of eHealth in the 4th quarter worth approximately $139,000. BNP Paribas Arbitrage SA boosted its position in shares of eHealth by 36.5% during the third quarter. BNP Paribas Arbitrage SA now owns 10,392 shares of the financial services provider’s stock valued at $248,000 after purchasing an additional 2,781 shares in the last quarter. Vident Investment Advisory LLC bought a new stake in shares of eHealth during the third quarter valued at approximately $256,000. Finally, Voya Investment Management LLC bought a new stake in shares of eHealth during the second quarter valued at approximately $201,000. Hedge funds and other institutional investors own 91.19% of the company’s stock.
EHTH has been the topic of several recent research reports. BidaskClub lowered eHealth from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 14th. Zacks Investment Research lowered eHealth from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Craig Hallum restated a “buy” rating and set a $28.00 price target on shares of eHealth in a research report on Monday, December 11th. ValuEngine upgraded eHealth from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, TheStreet lowered eHealth from a “c-” rating to a “d” rating in a research report on Wednesday, December 13th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $23.67.
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eHealth, Inc provides private online health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its e-commerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.
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