126,877 Shares in eHealth, Inc. (NASDAQ:EHTH) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in eHealth, Inc. (NASDAQ:EHTH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 126,877 shares of the financial services provider's stock, valued at approximately $1,193,000. Raymond James Financial Inc. owned 0.43% of eHealth as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EHTH. Russell Investments Group Ltd. acquired a new position in eHealth during the fourth quarter valued at approximately $251,000. Geode Capital Management LLC boosted its holdings in eHealth by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 325,972 shares of the financial services provider's stock worth $3,065,000 after buying an additional 7,680 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of eHealth during the 4th quarter valued at $243,000. JPMorgan Chase & Co. boosted its holdings in shares of eHealth by 2,348.6% during the 4th quarter. JPMorgan Chase & Co. now owns 97,601 shares of the financial services provider's stock worth $917,000 after buying an additional 93,615 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in eHealth during the fourth quarter worth about $239,000. Institutional investors and hedge funds own 79.54% of the company's stock.

eHealth Price Performance

NASDAQ:EHTH remained flat at $5.37 during trading hours on Friday. The company had a trading volume of 84,528 shares, compared to its average volume of 299,775. eHealth, Inc. has a 12 month low of $3.58 and a 12 month high of $11.36. The company has a 50 day moving average of $6.56 and a two-hundred day moving average of $7.34. The company has a market cap of $162.86 million, a price-to-earnings ratio of -1.88 and a beta of 1.11. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.14.

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, 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 expect that eHealth, Inc. will post -2.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. StockNews.com upgraded shares of eHealth from a "hold" rating to a "buy" rating in a research report on Saturday, May 3rd. UBS Group decreased their price objective on eHealth from $9.50 to $7.00 and set a "neutral" rating on the stock in a report on Thursday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, eHealth has a consensus rating of "Hold" and an average target price of $6.75.

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.