D. E. Shaw & Co. Inc. Buys 71,823 Shares of eHealth, Inc. (NASDAQ:EHTH)

D. E. Shaw & Co. Inc. lifted its holdings in shares of eHealth, Inc. (NASDAQ:EHTH - Free Report) by 38.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 256,421 shares of the financial services provider's stock after purchasing an additional 71,823 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.87% of eHealth worth $2,410,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Nantahala Capital Management LLC boosted its holdings in shares of eHealth by 5.1% during the fourth quarter. Nantahala Capital Management LLC now owns 2,009,500 shares of the financial services provider's stock worth $18,889,000 after purchasing an additional 97,679 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of eHealth by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 325,972 shares of the financial services provider's stock worth $3,065,000 after purchasing an additional 7,680 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of eHealth by 163.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 177,012 shares of the financial services provider's stock worth $1,664,000 after purchasing an additional 109,814 shares during the last quarter. Raymond James Financial Inc. acquired a new position in eHealth in the fourth quarter valued at $1,193,000. Finally, Sei Investments Co. boosted its holdings in eHealth by 5.3% in the fourth quarter. Sei Investments Co. now owns 110,728 shares of the financial services provider's stock valued at $1,041,000 after acquiring an additional 5,622 shares during the last quarter. Institutional investors and hedge funds own 79.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on EHTH. UBS Group cut their price objective on eHealth from $9.50 to $7.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $11.00 target price on shares of eHealth in a research report on Monday, May 19th. Finally, Wall Street Zen lowered eHealth from a "buy" rating to a "hold" rating in a research report on Sunday, May 11th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $6.75.

eHealth Price Performance

NASDAQ:EHTH traded down $0.13 during midday trading on Friday, hitting $4.35. 255,886 shares of the stock were exchanged, compared to its average volume of 267,279. eHealth, Inc. has a one year low of $3.58 and a one year high of $11.36. The company has a market capitalization of $131.92 million, a price-to-earnings ratio of -1.53 and a beta of 1.11. The business has a 50-day moving average price of $5.84 and a two-hundred day moving average price of $7.32. 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 (NASDAQ:EHTH - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported ($0.33) EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $99.46 million. Sell-side analysts predict that eHealth, Inc. will post -2.17 EPS for the current year.

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.