Nantahala Capital Management LLC Boosts Stock Position in eHealth, Inc. (NASDAQ:EHTH)

Nantahala Capital Management LLC increased its holdings in eHealth, Inc. (NASDAQ:EHTH - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,009,500 shares of the financial services provider's stock after acquiring an additional 97,679 shares during the quarter. eHealth comprises about 0.8% of Nantahala Capital Management LLC's investment portfolio, making the stock its 23rd biggest holding. Nantahala Capital Management LLC owned about 6.78% of eHealth worth $18,889,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of EHTH. American Century Companies Inc. increased its holdings in shares of eHealth by 4.0% in the 4th quarter. American Century Companies Inc. now owns 46,422 shares of the financial services provider's stock worth $436,000 after purchasing an additional 1,772 shares in the last quarter. R Squared Ltd purchased a new stake in shares of eHealth in the 4th quarter worth $29,000. Sei Investments Co. raised its stake in shares of eHealth by 5.3% in the fourth quarter. Sei Investments Co. now owns 110,728 shares of the financial services provider's stock worth $1,041,000 after buying an additional 5,622 shares during the period. SkyView Investment Advisors LLC lifted its holdings in eHealth by 28.7% during the third quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider's stock valued at $122,000 after purchasing an additional 6,694 shares in the last quarter. Finally, Jump Financial LLC increased its stake in eHealth by 34.8% in the 4th quarter. Jump Financial LLC now owns 29,710 shares of the financial services provider's stock worth $279,000 after buying an additional 7,678 shares in the last quarter. Institutional investors own 79.54% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded eHealth from a "hold" rating to a "buy" rating in a research report on Saturday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $6.38.

eHealth Price Performance

eHealth stock traded down $0.37 during midday trading on Friday, reaching $5.19. 355,199 shares of the stock traded hands, compared to its average volume of 257,371. The stock has a market cap of $155.40 million, a P/E ratio of -1.82 and a beta of 0.81. The stock's fifty day moving average is $6.86 and its 200-day moving average is $7.33. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.14. eHealth, Inc. has a 12 month low of $3.58 and a 12 month high of $11.36.

eHealth (NASDAQ:EHTH - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $2.20 EPS for the quarter, beating the consensus estimate of $2.00 by $0.20. The business had revenue of $315.18 million during the quarter, compared to analyst estimates of $293.47 million. eHealth had a negative net margin of 7.58% and a negative return on equity of 5.70%. As a group, equities research analysts anticipate that eHealth, Inc. will post -2.17 EPS for the current year.

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.