RPg Family Wealth Advisory LLC lowered its holdings in shares of eHealth, Inc. (NASDAQ:EHTH) by 25.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,911 shares of the financial services provider’s stock after selling 7,292 shares during the period. eHealth accounts for 1.1% of RPg Family Wealth Advisory LLC’s investment portfolio, making the stock its 29th largest holding. RPg Family Wealth Advisory LLC owned 0.10% of eHealth worth $1,887,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Parametric Portfolio Associates LLC raised its position in eHealth by 18.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 70,004 shares of the financial services provider’s stock worth $6,027,000 after buying an additional 11,014 shares during the last quarter. Natixis acquired a new position in eHealth during the 2nd quarter worth approximately $373,000. Northern Trust Corp raised its stake in shares of eHealth by 3.8% during the 2nd quarter. Northern Trust Corp now owns 283,749 shares of the financial services provider’s stock worth $24,431,000 after buying an additional 10,341 shares in the last quarter. Atika Capital Management LLC raised its stake in shares of eHealth by 1.1% during the 2nd quarter. Atika Capital Management LLC now owns 94,000 shares of the financial services provider’s stock worth $8,094,000 after buying an additional 1,000 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of eHealth by 3.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 240,125 shares of the financial services provider’s stock worth $20,676,000 after buying an additional 7,025 shares in the last quarter. 97.99% of the stock is currently owned by institutional investors.
In other news, insider Robert S. Hurley sold 1,500 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $87.82, for a total value of $131,730.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David K. Francis sold 2,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $109.54, for a total value of $219,080.00. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 4,000 shares of company stock worth $374,440 and have sold 174,627 shares worth $18,048,613. 5.00% of the stock is currently owned by corporate insiders.
A number of analysts recently weighed in on the company. ValuEngine downgraded eHealth from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Royal Bank of Canada increased their price objective on eHealth from $89.00 to $111.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Zacks Investment Research raised eHealth from a “hold” rating to a “strong-buy” rating and set a $121.00 target price for the company in a report on Wednesday, July 31st. BidaskClub lowered shares of eHealth from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. Finally, Credit Suisse Group boosted their target price on shares of eHealth from $118.00 to $136.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $111.00.
NASDAQ EHTH traded up $1.19 during trading hours on Wednesday, reaching $73.33. The company’s stock had a trading volume of 34,140 shares, compared to its average volume of 532,479. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.12 and a current ratio of 4.12. The company’s 50-day moving average is $96.51 and its two-hundred day moving average is $75.47. eHealth, Inc. has a fifty-two week low of $26.46 and a fifty-two week high of $112.22. The stock has a market cap of $1.66 billion, a PE ratio of 116.32 and a beta of 1.11.
eHealth (NASDAQ:EHTH) last announced its earnings results on Thursday, July 25th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.47. eHealth had a net margin of 1.99% and a return on equity of 7.70%. The company had revenue of $65.80 million during the quarter, compared to analysts’ expectations of $40.98 million. The company’s revenue was up 101.2% on a year-over-year basis. Equities analysts expect that eHealth, Inc. will post 1.34 earnings per share for the current fiscal year.
eHealth, Inc provides private 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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