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

Cubist Systematic Strategies LLC reduced its stake in eHealth, Inc. (NASDAQ:EHTH - Free Report) by 42.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,574 shares of the financial services provider's stock after selling 57,231 shares during the period. Cubist Systematic Strategies LLC owned 0.26% of eHealth worth $729,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of EHTH. R Squared Ltd bought a new stake in shares of eHealth during the 4th quarter worth about $29,000. Prudential Financial Inc. acquired a new stake in eHealth during the fourth quarter worth approximately $111,000. XTX Topco Ltd bought a new stake in shares of eHealth during the fourth quarter worth approximately $145,000. Balyasny Asset Management L.P. acquired a new position in shares of eHealth in the fourth quarter valued at approximately $161,000. Finally, Paloma Partners Management Co bought a new position in shares of eHealth during the fourth quarter worth approximately $210,000. 79.54% of the stock is currently owned by institutional investors and hedge funds.

eHealth Price Performance

Shares of EHTH stock traded up $0.02 on Tuesday, reaching $4.68. The company had a trading volume of 33,832 shares, compared to its average volume of 265,989. The stock has a market capitalization of $141.93 million, a PE ratio of -1.64 and a beta of 1.11. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.14. The business's 50-day moving average is $6.08 and its 200 day moving average is $7.37. eHealth, Inc. has a one year low of $3.58 and a one year high of $11.36.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. StockNews.com cut eHealth from a "buy" rating to a "hold" rating in a research report on Sunday, May 11th. Royal Bank of Canada reissued a "sector perform" rating and issued a $11.00 target price on shares of eHealth in a report on Monday. Finally, UBS Group dropped their target price on shares of eHealth from $9.50 to $7.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $6.75.

eHealth 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.