Dynamic Technology Lab Private Ltd Buys Shares of 75,689 eHealth, Inc. $EHTH

Key Points

• Dynamic Technology Lab Private Ltd acquired 75,689 shares of eHealth, Inc. for approximately $506,000, representing about 0.25% of the company at the end of the last quarter.
• eHealth's stock has a current market capitalization of $115.21 million and has seen significant price activity, with a low of $3.18 and a high of $11.36 over the past year.
• Recent analyst ratings show mixed sentiment, with UBS Group lowering its price target from $7.00 to $5.00, while Royal Bank of Canada maintains a target of $11.00.

Dynamic Technology Lab Private Ltd acquired a new position in shares of eHealth, Inc. (NASDAQ:EHTH - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 75,689 shares of the financial services provider's stock, valued at approximately $506,000. Dynamic Technology Lab Private Ltd owned approximately 0.25% of eHealth as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Graham Capital Management L.P. bought a new stake in shares of eHealth in the fourth quarter worth $110,000. Balyasny Asset Management L.P. bought a new stake in shares of eHealth during the 4th quarter worth approximately $161,000. Occudo Quantitative Strategies LP acquired a new stake in eHealth in the fourth quarter valued at $164,000. Jefferies Financial Group Inc. bought a new position in eHealth during the fourth quarter worth about $165,000. Finally, Cannon Global Investment Management LLC acquired a new position in eHealth during the first quarter worth approximately $121,000. Institutional investors own 79.54% of the company's stock.

Analyst Upgrades and Downgrades

EHTH has been the subject of a number of recent analyst reports. UBS Group cut their price objective on eHealth from $7.00 to $5.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Royal Bank Of Canada restated a "sector perform" rating and issued a $11.00 price target on shares of eHealth in a research note on Monday, May 19th. Finally, Wall Street Zen downgraded eHealth from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $7.67.

eHealth Price Performance

eHealth stock traded down $0.07 during midday trading on Friday, hitting $3.99. The company's stock had a trading volume of 361,760 shares, compared to its average volume of 252,772. The company has a market cap of $121.92 million, a price-to-earnings ratio of -6.33 and a beta of 1.13. The company has a 50-day moving average price of $3.78 and a two-hundred day moving average price of $5.01. eHealth, Inc. has a 1-year low of $3.18 and a 1-year high of $11.36.

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.