Dynamic Technology Lab Private Ltd Takes Position in 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 eHealth, Inc. (NASDAQ:EHTH - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EHTH. Northern Trust Corp boosted its holdings in shares of eHealth by 18.9% in the 4th quarter. Northern Trust Corp now owns 86,560 shares of the financial services provider's stock worth $814,000 after purchasing an additional 13,734 shares in the last quarter. Jane Street Group LLC boosted its holdings in eHealth by 43.5% during the 4th quarter. Jane Street Group LLC now owns 108,818 shares of the financial services provider's stock valued at $1,023,000 after acquiring an additional 32,990 shares during the period. Bank of America Corp DE boosted its holdings in eHealth by 104.6% during the 4th quarter. Bank of America Corp DE now owns 35,570 shares of the financial services provider's stock valued at $334,000 after acquiring an additional 18,187 shares during the period. Balyasny Asset Management L.P. purchased a new stake in eHealth during the 4th quarter valued at about $161,000. Finally, D. E. Shaw & Co. Inc. boosted its holdings in eHealth by 38.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 256,421 shares of the financial services provider's stock valued at $2,410,000 after acquiring an additional 71,823 shares during the period. 79.54% of the stock is currently owned by hedge funds and other institutional investors.

eHealth Trading Up 0.8%

NASDAQ EHTH traded up $0.03 on Tuesday, hitting $3.95. The company's stock had a trading volume of 218,930 shares, compared to its average volume of 259,367. eHealth, Inc. has a 52-week low of $3.18 and a 52-week high of $11.36. The company's 50-day simple moving average is $3.77 and its 200 day simple moving average is $4.94. The firm has a market cap of $120.71 million, a P/E ratio of -6.27 and a beta of 1.13.

Analyst Ratings Changes

Several equities research analysts recently weighed in on EHTH shares. Wall Street Zen cut eHealth from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. UBS Group dropped their target price on eHealth from $7.00 to $5.00 and set a "neutral" rating for the company in a report on Thursday, August 7th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $11.00 target price on shares of eHealth in a report on Monday, May 19th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $7.67.

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.