Nantahala Capital Management LLC Acquires 97,679 Shares of eHealth, Inc. (NASDAQ:EHTH)

Nantahala Capital Management LLC lifted its holdings in eHealth, Inc. (NASDAQ:EHTH - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,009,500 shares of the financial services provider's stock after acquiring an additional 97,679 shares during the period. eHealth accounts for about 0.8% of Nantahala Capital Management LLC's portfolio, making the stock its 23rd biggest holding. Nantahala Capital Management LLC owned approximately 6.78% of eHealth worth $18,889,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Northern Trust Corp boosted its stake in shares of eHealth by 18.9% in the fourth quarter. Northern Trust Corp now owns 86,560 shares of the financial services provider's stock worth $814,000 after acquiring an additional 13,734 shares during the period. Boothbay Fund Management LLC boosted its stake in shares of eHealth by 164.4% in the fourth quarter. Boothbay Fund Management LLC now owns 109,695 shares of the financial services provider's stock worth $1,031,000 after acquiring an additional 68,204 shares during the period. Jump Financial LLC boosted its stake in shares of eHealth by 34.8% in the fourth quarter. Jump Financial LLC now owns 29,710 shares of the financial services provider's stock worth $279,000 after acquiring an additional 7,678 shares during the period. XTX Topco Ltd bought a new position in shares of eHealth in the fourth quarter worth about $145,000. Finally, Quinn Opportunity Partners LLC boosted its stake in shares of eHealth by 154.8% in the fourth quarter. Quinn Opportunity Partners LLC now owns 79,000 shares of the financial services provider's stock worth $743,000 after acquiring an additional 48,000 shares during the period. Institutional investors own 79.54% of the company's stock.

eHealth Price Performance

eHealth stock opened at $6.25 on Monday. The company has a market cap of $187.14 million, a price-to-earnings ratio of -2.19 and a beta of 0.81. The firm's fifty day moving average is $7.30 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 52-week low of $3.58 and a 52-week high of $11.36.

eHealth (NASDAQ:EHTH - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.00 by $0.20. The company had revenue of $315.18 million for the quarter, compared to the consensus estimate of $293.47 million. eHealth had a negative net margin of 7.58% and a negative return on equity of 5.70%. Sell-side analysts forecast that eHealth, Inc. will post -2.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com lowered eHealth from a "buy" rating to a "hold" rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, eHealth presently has a consensus rating of "Hold" and an average price target of $6.38.

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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