Cubist Systematic Strategies LLC Sells 57,231 Shares of eHealth, Inc. (NASDAQ:EHTH)

Cubist Systematic Strategies LLC decreased its position in eHealth, Inc. (NASDAQ:EHTH - Free Report) by 42.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 77,574 shares of the financial services provider's stock after selling 57,231 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.26% of eHealth worth $729,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in EHTH. R Squared Ltd bought a new stake in eHealth in the fourth quarter worth approximately $29,000. Prudential Financial Inc. acquired a new stake in shares of eHealth in the 4th quarter valued at $111,000. XTX Topco Ltd acquired a new stake in shares of eHealth in the 4th quarter valued at $145,000. Balyasny Asset Management L.P. bought a new stake in eHealth in the fourth quarter worth $161,000. Finally, Barclays PLC increased its position in eHealth by 104.3% during the third quarter. Barclays PLC now owns 47,445 shares of the financial services provider's stock worth $194,000 after buying an additional 24,224 shares during the last quarter. Institutional investors and hedge funds own 79.54% of the company's stock.

eHealth Stock Performance

EHTH remained flat at $4.42 during trading on Friday. 279,655 shares of the company traded hands, compared to its average volume of 266,754. The stock has a market capitalization of $134.05 million, a price-to-earnings ratio of -1.55 and a beta of 1.11. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.14. eHealth, Inc. has a 12-month low of $3.58 and a 12-month high of $11.36. The company has a 50 day simple moving average of $6.16 and a 200 day simple moving average of $7.35.

eHealth (NASDAQ:EHTH - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.08. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. The company had revenue of $113.12 million for the quarter, compared to the consensus estimate of $99.46 million. As a group, sell-side analysts anticipate that eHealth, Inc. will post -2.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. UBS Group reduced their price target on eHealth from $9.50 to $7.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. StockNews.com downgraded eHealth from a "buy" rating to a "hold" rating in a research note on Sunday, May 11th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $6.75.

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 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.