Raymond James Financial Inc. Buys Shares of 126,877 eHealth, Inc. (NASDAQ:EHTH)

Raymond James Financial Inc. purchased a new stake in eHealth, Inc. (NASDAQ:EHTH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 126,877 shares of the financial services provider's stock, valued at approximately $1,193,000. Raymond James Financial Inc. owned approximately 0.43% of eHealth at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in EHTH. American Century Companies Inc. raised its stake in eHealth by 4.0% in the 4th quarter. American Century Companies Inc. now owns 46,422 shares of the financial services provider's stock valued at $436,000 after acquiring an additional 1,772 shares during the period. R Squared Ltd bought a new stake in eHealth during the 4th quarter valued at $29,000. Sei Investments Co. lifted its position in shares of eHealth by 5.3% during the fourth quarter. Sei Investments Co. now owns 110,728 shares of the financial services provider's stock worth $1,041,000 after acquiring an additional 5,622 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of eHealth by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 325,972 shares of the financial services provider's stock worth $3,065,000 after acquiring an additional 7,680 shares during the period. Finally, Prudential Financial Inc. purchased a new position in shares of eHealth in the fourth quarter valued at $111,000. 79.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

eHealth Stock Up 0.9 %

NASDAQ EHTH traded up $0.04 during trading hours on Tuesday, reaching $4.68. 650,539 shares of the company's stock traded hands, compared to its average volume of 259,270. The firm has a market cap of $141.93 million, a PE ratio of -1.64 and a beta of 1.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.10 and a quick ratio of 3.10. eHealth, Inc. has a 52-week low of $3.58 and a 52-week high of $11.36. The firm has a 50-day simple moving average of $6.68 and a 200 day simple moving average of $7.35.

eHealth (NASDAQ:EHTH - Get Free Report) last announced 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. eHealth had a negative net margin of 7.58% and a negative return on equity of 5.70%. The company had revenue of $315.18 million for the quarter, compared to the consensus estimate of $293.47 million. Sell-side analysts anticipate that eHealth, Inc. will post -2.17 EPS for the current fiscal 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.