Sona Asset Management US LLC Takes $4.20 Million Position in eHealth, Inc. (NASDAQ:EHTH)

Sona Asset Management US LLC bought a new position in eHealth, Inc. (NASDAQ:EHTH - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 446,717 shares of the financial services provider's stock, valued at approximately $4,199,000. Sona Asset Management US LLC owned about 1.51% of eHealth as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EHTH. 683 Capital Management LLC purchased a new stake in eHealth during the 4th quarter valued at about $470,000. Raymond James Financial Inc. purchased a new position in shares of eHealth in the 4th quarter valued at approximately $1,193,000. Quinn Opportunity Partners LLC lifted its stake in shares of eHealth by 154.8% in the 4th quarter. Quinn Opportunity Partners LLC now owns 79,000 shares of the financial services provider's stock valued at $743,000 after purchasing an additional 48,000 shares during the period. AMH Equity Ltd purchased a new position in shares of eHealth in the 4th quarter valued at approximately $426,000. Finally, Truffle Hound Capital LLC purchased a new position in shares of eHealth in the 4th quarter valued at approximately $658,000. 79.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on EHTH shares. Royal Bank of Canada restated a "sector perform" rating and issued a $11.00 target price on shares of eHealth in a research note on Monday. UBS Group reduced their price objective on eHealth from $9.50 to $7.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Finally, StockNews.com lowered eHealth from a "buy" rating to a "hold" rating in a research report on Sunday, May 11th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $6.75.

eHealth Stock Up 5.4%

Shares of eHealth stock traded up $0.24 on Monday, reaching $4.66. The company's stock had a trading volume of 303,864 shares, compared to its average volume of 266,903. The company has a market capitalization of $141.32 million, a price-to-earnings ratio of -1.64 and a beta of 1.11. The firm's fifty day simple moving average is $6.16 and its two-hundred day simple moving average is $7.37. eHealth, Inc. has a 52 week low of $3.58 and a 52 week high of $11.36. 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 (NASDAQ:EHTH - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported ($0.33) EPS for the quarter, topping analysts' consensus estimates of ($0.41) by $0.08. The business had revenue of $113.12 million during 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%. Equities analysts anticipate that eHealth, Inc. will post -2.17 earnings per share for the current year.

About eHealth

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.