Nantahala Capital Management LLC Lowers Holdings in eHealth, Inc. $EHTH

Key Points

• Nantahala Capital Management LLC has decreased its ownership in eHealth, Inc. by 34.7%, selling 698,059 shares during the first quarter, which now leaves them with 1,311,441 shares, valued at approximately $8.76 million.
• Several other hedge funds have increased their stakes in eHealth, including Jefferies Financial Group Inc. which raised its holdings by 15.6% and Russell Investments Group Ltd. which grew its stake by 20.0% during the same quarter.
• As of the latest analysis, eHealth's stock has a market cap of $118.26 million and the average analyst rating is "Hold" with a consensus target price of $7.67.

Nantahala Capital Management LLC reduced its holdings in eHealth, Inc. (NASDAQ:EHTH - Free Report) by 34.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,311,441 shares of the financial services provider's stock after selling 698,059 shares during the period. Nantahala Capital Management LLC owned approximately 4.32% of eHealth worth $8,760,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in EHTH. Jefferies Financial Group Inc. lifted its holdings in eHealth by 15.6% during the 1st quarter. Jefferies Financial Group Inc. now owns 20,351 shares of the financial services provider's stock valued at $136,000 after buying an additional 2,751 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of eHealth by 20.0% in the 1st quarter. Russell Investments Group Ltd. now owns 32,512 shares of the financial services provider's stock valued at $217,000 after purchasing an additional 5,427 shares in the last quarter. OMERS ADMINISTRATION Corp grew its position in shares of eHealth by 18.5% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 49,400 shares of the financial services provider's stock worth $330,000 after buying an additional 7,727 shares during the last quarter. Algert Global LLC grew its position in shares of eHealth by 51.7% in the 1st quarter. Algert Global LLC now owns 29,143 shares of the financial services provider's stock worth $195,000 after buying an additional 9,930 shares during the last quarter. Finally, Jump Financial LLC grew its position in shares of eHealth by 37.8% in the 1st quarter. Jump Financial LLC now owns 40,954 shares of the financial services provider's stock worth $274,000 after buying an additional 11,244 shares during the last quarter. 79.54% of the stock is owned by hedge funds and other institutional investors.

eHealth Price Performance

Shares of EHTH traded down $0.17 during mid-day trading on Thursday, reaching $3.95. 285,497 shares of the company's stock were exchanged, compared to its average volume of 367,121. The stock has a market capitalization of $120.70 million, a PE ratio of -6.27 and a beta of 1.13. The business's fifty day simple moving average is $3.82 and its 200-day simple moving average is $5.35. eHealth, Inc. has a 52-week low of $3.18 and a 52-week high of $11.36.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EHTH. Wall Street Zen downgraded shares of eHealth from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. 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 report on Thursday, August 7th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $11.00 target price on shares of eHealth in a report on Monday, May 19th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $7.67.

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.