eHealth, Inc. (NASDAQ:EHTH – Get Free Report)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.13 and traded as high as $10.20. eHealth shares last traded at $8.87, with a volume of 704,896 shares traded.
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on shares of eHealth in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, eHealth presently has a consensus rating of “Hold” and a consensus target price of $8.50.
Get Our Latest Stock Report on eHealth
eHealth Trading Down 1.3 %
eHealth (NASDAQ:EHTH – Get Free Report) last posted its quarterly earnings data on Tuesday, May 9th. The financial services provider reported ($1.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.94) by ($0.16). The business had revenue of $73.72 million during the quarter, compared to analyst estimates of $92.56 million. eHealth had a negative net margin of 20.29% and a negative return on equity of 10.33%. Equities analysts anticipate that eHealth, Inc. will post -1.36 earnings per share for the current year.
Insider Buying and Selling at eHealth
In other eHealth news, SVP Gavin G. Galimi acquired 5,500 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were bought at an average cost of $6.52 per share, for a total transaction of $35,860.00. Following the completion of the purchase, the senior vice president now owns 122,544 shares in the company, valued at approximately $798,986.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Dale B. Wolf purchased 10,264 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were acquired at an average cost of $6.37 per share, for a total transaction of $65,381.68. Following the completion of the purchase, the director now directly owns 45,264 shares in the company, valued at approximately $288,331.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Gavin G. Galimi purchased 5,500 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were purchased at an average price of $6.52 per share, for a total transaction of $35,860.00. Following the completion of the purchase, the senior vice president now owns 122,544 shares of the company’s stock, valued at $798,986.88. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 17,764 shares of company stock worth $119,262. 2.10% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank lifted its holdings in shares of eHealth by 8.0% in the first quarter. Swiss National Bank now owns 59,300 shares of the financial services provider’s stock valued at $736,000 after purchasing an additional 4,400 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of eHealth by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 220,778 shares of the financial services provider’s stock valued at $2,739,000 after purchasing an additional 2,912 shares in the last quarter. Cetera Advisor Networks LLC purchased a new stake in shares of eHealth in the first quarter valued at about $187,000. Citigroup Inc. lifted its holdings in shares of eHealth by 7.1% in the first quarter. Citigroup Inc. now owns 20,760 shares of the financial services provider’s stock valued at $258,000 after purchasing an additional 1,378 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of eHealth by 50.6% in the first quarter. PNC Financial Services Group Inc. now owns 3,692 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 1,241 shares in the last quarter. 63.24% 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 Individual, Family and Small Business. 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.
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