Informed Momentum Co LLC Makes New Investment in eHealth, Inc. (NASDAQ:EHTH)

Key Points

• Informed Momentum Co LLC has invested approximately $475,000 by acquiring 71,092 shares of eHealth, Inc. (NASDAQ:EHTH), representing a 0.23% stake in the company.
• Institutional ownership of eHealth is significant, with 79.54% of the stock held by various hedge funds and other investors, indicating strong institutional interest in the company.
• Analysts have mixed views on eHealth, with price targets ranging from $5.00 to $11.00 and a current consensus rating of "Hold."

Informed Momentum Co LLC purchased a new position in shares of eHealth, Inc. (NASDAQ:EHTH - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 71,092 shares of the financial services provider's stock, valued at approximately $475,000. Informed Momentum Co LLC owned 0.23% of eHealth as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Nantahala Capital Management LLC grew its position in eHealth by 5.1% during the 4th 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 period. Findell Capital Management LLC grew its position in eHealth by 16.4% during the 4th quarter. Findell Capital Management LLC now owns 1,373,000 shares of the financial services provider's stock worth $12,906,000 after purchasing an additional 193,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in eHealth by 203.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 537,138 shares of the financial services provider's stock worth $3,588,000 after purchasing an additional 360,126 shares during the period. Sona Asset Management US LLC acquired a new stake in eHealth during the 4th quarter worth about $4,199,000. Finally, Millennium Management LLC grew its position in eHealth by 83.3% during the 4th quarter. Millennium Management LLC now owns 404,912 shares of the financial services provider's stock worth $3,806,000 after purchasing an additional 183,956 shares during the period. 79.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. UBS Group cut their price target on eHealth from $7.00 to $5.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. Wall Street Zen cut eHealth from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $11.00 target price on shares of eHealth in a research report on Monday, May 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $6.25.

eHealth Stock Up 3.8%

NASDAQ:EHTH opened at $3.59 on Thursday. eHealth, Inc. has a 52 week low of $3.18 and a 52 week high of $11.36. The stock has a market capitalization of $109.70 million, a PE ratio of -5.70 and a beta of 1.06. The stock's 50-day moving average price is $3.95 and its 200-day moving average price is $5.99.

eHealth Company 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.

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