Point72 Asset Management L.P. Buys Shares of 147,158 eHealth, Inc. (NASDAQ:EHTH)

Point72 Asset Management L.P. bought a new position in eHealth, Inc. (NASDAQ:EHTH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 147,158 shares of the financial services provider's stock, valued at approximately $1,383,000. Point72 Asset Management L.P. owned approximately 0.50% of eHealth at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of EHTH. R Squared Ltd purchased a new stake in shares of eHealth during the fourth quarter valued at $29,000. Graham Capital Management L.P. bought a new position in eHealth during the 4th quarter valued at about $110,000. Prudential Financial Inc. purchased a new stake in shares of eHealth during the 4th quarter valued at about $111,000. XTX Topco Ltd bought a new stake in shares of eHealth in the fourth quarter worth approximately $145,000. Finally, Balyasny Asset Management L.P. bought a new stake in shares of eHealth in the fourth quarter worth approximately $161,000. Hedge funds and other institutional investors own 79.54% of the company's stock.

Wall Street Analyst Weigh In

EHTH has been the topic of a number of research analyst reports. UBS Group lowered their price objective on shares of eHealth from $9.50 to $7.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. StockNews.com cut eHealth from a "buy" rating to a "hold" rating in a report on Sunday, May 11th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $11.00 price objective on shares of eHealth in a report on Monday. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, eHealth has a consensus rating of "Hold" and a consensus target price of $6.75.

eHealth Stock Performance

Shares of NASDAQ EHTH opened at $4.57 on Thursday. eHealth, Inc. has a 12-month low of $3.58 and a 12-month high of $11.36. The firm has a market capitalization of $138.59 million, a price-to-earnings ratio of -1.60 and a beta of 1.11. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $5.96 and a 200 day moving average of $7.33.

eHealth (NASDAQ:EHTH - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.41) by $0.08. The firm had revenue of $113.12 million during the quarter, compared to the consensus estimate of $99.46 million. eHealth had a negative net margin of 7.58% and a negative return on equity of 5.70%. On average, research analysts anticipate that eHealth, Inc. will post -2.17 earnings per share for the current year.

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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