eHealth, Inc. $EHTH Shares Bought by 8 Knots Management LLC

Key Points

• 8 Knots Management LLC increased its holdings in eHealth, Inc. by 2.8% in Q1, owning 2,463,962 shares worth approximately $16.46 million.
• Institutional investors own 79.54% of eHealth's stock, indicating strong support from hedge funds and other financial entities.
• Analysts have varied opinions on eHealth, with ratings ranging from a "Buy" to "Sell," and a current consensus target price of $7.67.

8 Knots Management LLC grew its stake in eHealth, Inc. (NASDAQ:EHTH - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,463,962 shares of the financial services provider's stock after buying an additional 67,775 shares during the quarter. eHealth accounts for about 2.1% of 8 Knots Management LLC's portfolio, making the stock its 14th largest holding. 8 Knots Management LLC owned about 8.12% of eHealth worth $16,459,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Graham Capital Management L.P. purchased a new position in shares of eHealth in the 4th quarter valued at about $110,000. Balyasny Asset Management L.P. acquired a new position in eHealth in the 4th quarter worth about $161,000. Occudo Quantitative Strategies LP acquired a new position in eHealth in the 4th quarter worth about $164,000. Jefferies Financial Group Inc. acquired a new position in eHealth in the 4th quarter worth about $165,000. Finally, Cannon Global Investment Management LLC acquired a new position in eHealth in the 1st quarter worth about $121,000. Institutional investors and hedge funds own 79.54% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on EHTH. Wall Street Zen cut eHealth from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. UBS Group reduced their price target 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 reaffirmed a "sector perform" rating and issued a $11.00 price target on shares of eHealth in a report on Monday, May 19th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $7.67.

eHealth Price Performance

eHealth stock traded up $0.14 during trading on Friday, reaching $4.09. 264,841 shares of the company were exchanged, compared to its average volume of 366,516. eHealth, Inc. has a 52-week low of $3.18 and a 52-week high of $11.36. The company has a market capitalization of $124.99 million, a P/E ratio of -6.49 and a beta of 1.13. The stock's 50 day simple moving average is $3.81 and its two-hundred day simple moving average is $5.30.

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.