Schonfeld Strategic Advisors LLC Acquires New Shares in eHealth, Inc. (NASDAQ:EHTH)

Schonfeld Strategic Advisors LLC bought a new stake in eHealth, Inc. (NASDAQ:EHTH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 53,440 shares of the financial services provider's stock, valued at approximately $502,000. Schonfeld Strategic Advisors LLC owned 0.18% of eHealth at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in eHealth in the fourth quarter valued at about $29,000. Prudential Financial Inc. acquired a new position in shares of eHealth during the fourth quarter worth about $111,000. XTX Topco Ltd acquired a new position in shares of eHealth during the fourth quarter worth about $145,000. Paloma Partners Management Co acquired a new position in shares of eHealth during the fourth quarter worth about $210,000. Finally, WINTON GROUP Ltd acquired a new position in shares of eHealth during the fourth quarter worth about $239,000. 79.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EHTH has been the subject of several recent research reports. UBS Group reduced their price target on eHealth from $9.50 to $7.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. StockNews.com lowered eHealth from a "buy" rating to a "hold" rating in a research note on Sunday, May 11th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, eHealth presently has an average rating of "Hold" and an average price target of $6.75.

eHealth Stock Performance

NASDAQ:EHTH traded down $0.02 on Friday, hitting $4.40. The company's stock had a trading volume of 91,168 shares, compared to its average volume of 265,619. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average of $6.22 and a two-hundred day moving average of $7.34. The firm has a market capitalization of $133.44 million, a P/E ratio of -1.54 and a beta of 1.11. eHealth, Inc. has a one year low of $3.58 and a one year high of $11.36.

eHealth (NASDAQ:EHTH - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.08. The firm had revenue of $113.12 million for the quarter, compared to analyst estimates of $99.46 million. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. Research analysts predict that eHealth, Inc. will post -2.17 earnings per share 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.