Two Sigma Investments LP grew its stake in eHealth, Inc. (NASDAQ:EHTH - Free Report) by 85.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 245,483 shares of the financial services provider's stock after acquiring an additional 113,410 shares during the quarter. Two Sigma Investments LP owned about 0.83% of eHealth worth $2,308,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Nantahala Capital Management LLC raised its position in shares of eHealth by 5.1% during the 4th quarter. Nantahala Capital Management LLC now owns 2,009,500 shares of the financial services provider's stock valued at $18,889,000 after buying an additional 97,679 shares during the period. Findell Capital Management LLC increased its stake in eHealth by 16.4% during the fourth quarter. Findell Capital Management LLC now owns 1,373,000 shares of the financial services provider's stock worth $12,906,000 after acquiring an additional 193,000 shares during the last quarter. Sona Asset Management US LLC purchased a new stake in eHealth in the fourth quarter valued at $4,199,000. Millennium Management LLC raised its position 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 purchasing an additional 183,956 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of eHealth by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 325,972 shares of the financial services provider's stock valued at $3,065,000 after purchasing an additional 7,680 shares during the last quarter. 79.54% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
EHTH has been the subject of a number of recent analyst reports. Wall Street Zen downgraded eHealth from a "buy" rating to a "hold" rating in a research report on Sunday, May 11th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $11.00 target price on shares of eHealth in a research note on Monday, May 19th. Finally, UBS Group dropped their price target on shares of eHealth from $9.50 to $7.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $6.75.
View Our Latest Stock Report on EHTH
eHealth Trading Up 0.7%
Shares of NASDAQ EHTH traded up $0.03 during trading on Wednesday, reaching $4.40. The stock had a trading volume of 363,801 shares, compared to its average volume of 268,031. 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 company has a market cap of $133.44 million, a P/E ratio of -1.54 and a beta of 0.94. eHealth, Inc. has a fifty-two week low of $3.58 and a fifty-two week high of $11.36. The business's 50-day moving average price is $5.39 and its 200-day moving average price is $7.27.
eHealth (NASDAQ:EHTH - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.08. The company had revenue of $113.12 million during the quarter, compared to the consensus estimate of $99.46 million. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. On average, equities research analysts predict that eHealth, Inc. will post -2.17 EPS for the current fiscal year.
About eHealth
(
Free Report)
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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