71,092 Shares in eHealth, Inc. $EHTH Purchased by Informed Momentum Co LLC

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 eHealth, Inc. (NASDAQ:EHTH - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 71,092 shares of the financial services provider's stock, valued at approximately $475,000. Informed Momentum Co LLC owned about 0.23% of eHealth at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of EHTH. Nantahala Capital Management LLC lifted its holdings in eHealth by 5.1% in the fourth quarter. Nantahala Capital Management LLC now owns 2,009,500 shares of the financial services provider's stock valued at $18,889,000 after acquiring an additional 97,679 shares during the period. Findell Capital Management LLC lifted its holdings in eHealth by 16.4% in the fourth quarter. Findell Capital Management LLC now owns 1,373,000 shares of the financial services provider's stock valued at $12,906,000 after acquiring an additional 193,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in eHealth by 203.4% in 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 acquiring an additional 360,126 shares during the period. Sona Asset Management US LLC bought a new position in eHealth in the fourth quarter valued at about $4,199,000. Finally, Millennium Management LLC lifted its holdings in 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 during the period. Hedge funds and other institutional investors own 79.54% of the company's stock.

eHealth Stock Up 4.4%

EHTH traded up $0.15 during midday trading on Monday, reaching $3.58. The company had a trading volume of 154,654 shares, compared to its average volume of 372,851. The business has a 50-day moving average of $3.91 and a two-hundred day moving average of $5.85. The company has a market cap of $109.40 million, a P/E ratio of -5.69 and a beta of 1.06. eHealth, Inc. has a 1 year low of $3.18 and a 1 year high of $11.36.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Royal Bank Of Canada reissued a "sector perform" rating and issued a $11.00 target price on shares of eHealth in a report on Monday, May 19th. Wall Street Zen downgraded eHealth from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, UBS Group reduced their price target on eHealth from $7.00 to $5.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th.

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.