Palo Alto Investors LP bought a new position in eHealth, Inc. (NASDAQ:EHTH – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,482,797 shares of the financial services provider’s stock, valued at approximately $2,209,368,000. Palo Alto Investors LP owned about 4.63% of eHealth at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Nantahala Capital Management LLC increased its position in shares of eHealth by 34.3% during the third quarter. Nantahala Capital Management LLC now owns 1,761,441 shares of the financial services provider’s stock valued at $7,592,000 after buying an additional 450,000 shares during the period. Vanguard Group Inc. increased its position in eHealth by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,526,098 shares of the financial services provider’s stock valued at $6,577,000 after buying an additional 4,958 shares in the last quarter. Findell Capital Management LLC increased its holdings in shares of eHealth by 15.0% during the fourth quarter. Findell Capital Management LLC now owns 1,408,975 shares of the financial services provider’s stock valued at $6,481,000 after acquiring an additional 183,975 shares in the last quarter. BlackRock Inc. purchased a new position in eHealth in the second quarter worth about $2,000,000. Finally, Geode Capital Management LLC lifted its stake in shares of eHealth by 101.3% in the second quarter. Geode Capital Management LLC now owns 711,762 shares of the financial services provider’s stock worth $3,097,000 after buying an additional 358,192 shares in the last quarter. 79.54% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
EHTH has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut their price target on shares of eHealth from $3.00 to $2.00 and set a “sector perform” rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $3.00 price objective on shares of eHealth in a report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of eHealth in a research report on Thursday, August 13th. Finally, UBS Group cut their target price on eHealth from $2.00 to $1.75 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $2.19.
eHealth Price Performance
Shares of NASDAQ:EHTH opened at $1.14 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 5.12 and a current ratio of 5.12. The firm has a market cap of $36.51 million, a price-to-earnings ratio of -0.98 and a beta of 1.49. The business has a 50-day simple moving average of $1.42 and a two-hundred day simple moving average of $1.55. eHealth, Inc. has a fifty-two week low of $1.14 and a fifty-two week high of $5.89.
eHealth (NASDAQ:EHTH – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported ($1.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.84) by ($0.34). eHealth had a net margin of 5.42% and a return on equity of 6.13%. The company had revenue of $33.57 million for the quarter, compared to analysts’ expectations of $33.28 million. On average, analysts expect that eHealth, Inc. will post 0.8 earnings per share for the current year.
eHealth Profile
eHealth, Inc operates one of the largest online private health insurance exchanges in the United States. The company’s platform enables consumers to compare, select and enroll in individual, family and small-group health insurance plans offered by a broad network of licensed insurance carriers. In addition to Affordable Care Act–compliant offerings, eHealth provides dedicated services for Medicare Advantage, Medicare Supplement and Medicare Part D prescription drug plans, helping seniors navigate the complexities of Medicare coverage.
Through its digital marketplace, eHealth delivers real-time quotes, detailed plan comparisons and enrollment processing.
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