Insider Buying: eHealth, Inc. (NASDAQ:EHTH) CFO Buys 20,000 Shares of Stock (2024)

eHealth, Inc. (NASDAQ:EHTH – Get Free Report) CFO John J. Stelben acquired 20,000 shares of the stock in a transaction on 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 owns 515,565 shares in the company, valued at $2,144,750.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

eHealth Trading Up 9.3 %

EHTH stock traded up $0.38 during mid-day trading on Friday, reaching $4.45. The company’s stock had a trading volume of 313,158 shares, compared to its average volume of 304,943. The company has a market cap of $129.60 million, a price-to-earnings ratio of -1.75 and a beta of 0.56. eHealth, Inc. has a 12 month low of $3.75 and a 12 month high of $9.55. The business’s 50 day moving average price is $4.77 and its 200 day moving average price is $5.44.

eHealth (NASDAQ:EHTH – Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The financial services provider reported ($0.79) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.28). eHealth had a negative net margin of 5.36% and a negative return on equity of 3.90%. The firm had revenue of $92.96 million during the quarter, compared to analyst estimates of $78.05 million. As a group, equities analysts expect that eHealth, Inc. will post -1.11 EPS for the current fiscal year.

Institutional Investors Weigh In On eHealth

Institutional investors and hedge funds have recently bought and sold shares of the stock. 8 Knots Management LLC purchased a new position in shares of eHealth in the 4th quarter worth about $20,895,000. Sapient Capital LLC bought a new position in shares of eHealth during the 4th quarter valued at approximately $265,000. Los Angeles Capital Management LLC grew its position in shares of eHealth by 143.7% during the 1st quarter. Los Angeles Capital Management LLC now owns 88,925 shares of the financial services provider’s stock valued at $536,000 after acquiring an additional 52,436 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of eHealth during the 1st quarter worth approximately $472,000. Finally, BNP Paribas Financial Markets lifted its stake in eHealth by 76.7% in the first quarter. BNP Paribas Financial Markets now owns 13,323 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 5,782 shares during the last quarter. 79.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Craig Hallum lowered their price objective on shares of eHealth from $6.00 to $5.00 and set a “hold” rating for the company in a research report on Thursday.

View Our Latest Stock Analysis on eHealth

About eHealth

(Get Free Report)

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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