eHealth Inc. [EHTH] Insider Activity: An Update for Investors


eHealth Inc.’s filing revealed that its SVP, General Counsel & Secr. Galimi Gavin G. acquired Company’s shares for reported $18020.0 on Jun 15. In the deal valued at $9.01 per share,2,000 shares were bought. As a result of this transaction, Galimi Gavin G. now holds 117,676 shares worth roughly $ 0.9 million.

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Then, WOLF DALE B bought 2,668 shares, generating $17,132 in total proceeds. Upon buying the shares at $6.42, the Director now owns 47,932 shares.

Before that, WOLF DALE B bought 10,264 shares. eHealth Inc. shares valued at $65,418 were divested by the Director at a price of $6.37 per share. As a result of the transaction, WOLF DALE B now holds 45,264 shares, worth roughly $0.34 million.

Craig Hallum upgraded its eHealth Inc. [EHTH] rating to a Buy from a a Hold in a research note published on Friday. PT values the company’s stock at a premium of -26.83 to its Friday closing price.

Price Performance Review of EHTH

On Friday, eHealth Inc. [NASDAQ:EHTH] saw its stock fall -2.69% to $7.61. On the same session, the stock had its day’s lowest price of $7.54, but rose to a high of $7.90. Over the last five days, the stock has lost -5.82%. eHealth Inc. shares have risen nearly 57.23% since the year began. Nevertheless, the stocks have risen 18.91% over the past one year. While a 52-week high of $10.57 was reached on 03/07/23, a 52-week low of $2.67 was recorded on 01/05/23. SMA at 50 days reached $8.08, while 200 days put it at $7.36. A total of 0.19 million shares were traded, compared to the trading of 0.23 million shares in the previous session.

Levels Of Support And Resistance For EHTH Stock

The 24-hour chart illustrates a support level at 7.47, which if violated will result in even more drops to 7.32. On the upside, there is a resistance level at 7.83. A further resistance level may holdings at 8.04. The Relative Strength Index (RSI) on the 14-day chart is 41.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.60%. Stochastics %K at 36.43% indicates the stock is a holding.

How much short interest is there in eHealth Inc.?

A steep rise in short interest was recorded in eHealth Inc. stocks on Aug 14, 2023, growing by 66420.0 shares to a total of 0.66 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.59 million shares. There was a rise of 10.06%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.38% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.3.

eHealth Inc. [EHTH] – Who Are The Largest Shareholders?

In filings from Palo Alto Investors LP, it is revealed that the company now owns 2,739,379 shares, or roughly 9.89% of the outstanding EHTH shares. In other words, the investor’s shares have risen by 50,000 from its previous 13-F filing of 2689379.0. Additionally, BlackRock Fund Advisors increased 7.56% of its stake after which the total value it holdings stand at $14,148,041, while The Vanguard Group, Inc. reduced -0.21% of its stake to hold $9.89 million in the firm. Over the last quarter, G2 Investment Partners Management purchased 30,759 shares of eHealth Inc., while Nantahala Capital Management LLC bought 400,000 shares. At present, Dimensional Fund Advisors LP is holding 750,717 shares valued at $5.68 million. Aristotle Capital Boston LLC owned 625,138 shares of the company at the time of its most recent 13F filing, worth $4.73 million.

According to FactSet, eHealth Inc.’s share price will average $10.80 in the next year, based on opinions of analysts polled by the firm. This is up nearly 27.88 percent from its previous closing price of $7.82. Analysts expect eHealth Inc. stock to reach the higher price of $13.00, while the lowest price estimate is $10.00. However, 6 analysts have rated EHTH stock as a Hold in their predictions for 2023.


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