eHealth, Inc. (NASDAQ:EHTH) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP increased its position in shares of eHealth, Inc. (NASDAQ:EHTH - Free Report) by 86.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 277,700 shares of the financial services provider's stock after purchasing an additional 128,900 shares during the quarter. Two Sigma Advisers LP owned approximately 0.94% of eHealth worth $2,610,000 as of its most recent SEC filing.

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

eHealth Price Performance

Shares of EHTH traded down $0.23 during midday trading on Friday, hitting $4.12. 245,978 shares of the company traded hands, compared to its average volume of 267,064. eHealth, Inc. has a 52 week low of $3.58 and a 52 week high of $11.36. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.10 and a current ratio of 3.10. The firm has a 50 day moving average of $5.53 and a 200-day moving average of $7.32. The stock has a market cap of $124.95 million, a price-to-earnings ratio of -1.45 and a beta of 1.11.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EHTH. Royal Bank of Canada reissued a "sector perform" rating and issued a $11.00 price target on shares of eHealth in a report on Monday, May 19th. Wall Street Zen cut shares of eHealth from a "buy" rating to a "hold" rating in a report on Sunday, May 11th. Finally, UBS Group reduced their price objective on eHealth from $9.50 to $7.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $6.75.

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.