eHealth, Inc. $EHTH Position Raised by Trexquant Investment LP

Key Points

• Trexquant Investment LP increased its stake in eHealth, Inc. by 430.7%, owning 165,565 shares valued at approximately $1.11 million, according to its recent SEC filing.
• Multiple institutional investors have also adjusted their positions, with 79.54% of the company's stock now held by institutional investors and hedge funds.
• Analysts have mixed ratings for eHealth, with an average price target of $7.67, while one analyst has given it a "Buy" rating and two have assigned "Hold" ratings.

Trexquant Investment LP lifted its stake in shares of eHealth, Inc. (NASDAQ:EHTH - Free Report) by 430.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 165,565 shares of the financial services provider's stock after purchasing an additional 134,367 shares during the period. Trexquant Investment LP owned about 0.55% of eHealth worth $1,106,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Informed Momentum Co LLC bought a new position in eHealth in the first quarter worth about $475,000. Truffle Hound Capital LLC lifted its holdings in eHealth by 185.7% in the first quarter. Truffle Hound Capital LLC now owns 200,000 shares of the financial services provider's stock worth $1,336,000 after acquiring an additional 130,000 shares during the last quarter. 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 worth $3,806,000 after acquiring an additional 183,956 shares during the last quarter. Point72 Asset Management L.P. bought a new position in eHealth in the fourth quarter worth about $1,383,000. Finally, Sona Asset Management US LLC bought a new position in eHealth in the fourth quarter worth about $4,199,000. Institutional investors own 79.54% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on EHTH. Wall Street Zen cut shares of eHealth from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. UBS Group cut their target price on shares of eHealth from $7.00 to $5.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. Finally, 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. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $7.67.

eHealth Trading Down 1.7%

NASDAQ:EHTH traded down $0.07 during midday trading on Friday, hitting $3.99. 361,760 shares of the stock were exchanged, compared to its average volume of 252,772. eHealth, Inc. has a one year low of $3.18 and a one year high of $11.36. The company has a market capitalization of $121.93 million, a price-to-earnings ratio of -6.33 and a beta of 1.13. The business has a 50-day moving average price of $3.78 and a two-hundred day moving average price of $5.04.

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.