eHealth, Inc. $EHTH Shares Purchased by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC increased its stake in eHealth, Inc. by 151.2%, acquiring an additional 117,285 shares and now owns approximately 0.64% of the company, valued at about $1.3 million.
• Institutional investors collectively own 79.54% of eHealth's stock, with several firms significantly increasing their holdings during the first quarter of the year.
• eHealth's shares opened at $4.09 and the company has a market capitalization of $124.99 million, with analysts providing varied ratings and a consensus target price of $7.67.

Cubist Systematic Strategies LLC increased its stake in eHealth, Inc. (NASDAQ:EHTH - Free Report) by 151.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 194,859 shares of the financial services provider's stock after buying an additional 117,285 shares during the period. Cubist Systematic Strategies LLC owned 0.64% of eHealth worth $1,302,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of EHTH. Sona Asset Management US LLC purchased a new position in eHealth during the 4th quarter worth $4,199,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of eHealth by 203.4% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 537,138 shares of the financial services provider's stock valued at $3,588,000 after buying an additional 360,126 shares during the period. Millennium Management LLC raised its holdings in shares of eHealth by 83.3% in the fourth quarter. Millennium Management LLC now owns 404,912 shares of the financial services provider's stock valued at $3,806,000 after acquiring an additional 183,956 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of eHealth in the fourth quarter valued at about $1,383,000. Finally, Trexquant Investment LP lifted its stake in eHealth by 430.7% in the first quarter. Trexquant Investment LP now owns 165,565 shares of the financial services provider's stock worth $1,106,000 after acquiring an additional 134,367 shares during the period. 79.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

eHealth Trading Up 6.9%

Shares of EHTH traded up $0.26 during midday trading on Thursday, hitting $4.03. 179,241 shares of the company's stock traded hands, compared to its average volume of 362,743. eHealth, Inc. has a 1 year low of $3.18 and a 1 year high of $11.36. The firm's fifty day moving average is $3.78 and its 200-day moving average is $5.11. The stock has a market capitalization of $123.16 million, a price-to-earnings ratio of -6.40 and a beta of 1.13.

About eHealth

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.