Palo Alto Investors LP acquired a new position in shares of eHealth, Inc. (NASDAQ:EHTH – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,482,797 shares of the financial services provider’s stock, valued at approximately $2,209,368. Palo Alto Investors LP owned 4.63% of eHealth at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Founders Financial Securities LLC purchased a new stake in shares of eHealth in the 1st quarter valued at $25,000. Callan Family Office LLC acquired a new position in shares of eHealth during the 2nd quarter worth approximately $26,000. Cetera Investment Advisers acquired a new stake in eHealth in the 1st quarter valued at $27,000. The Manufacturers Life Insurance Company bought a new stake in eHealth in the second quarter valued at approximately $48,000. Finally, Bank of America Corp DE raised its holdings in eHealth by 1,265.8% in the 2nd quarter. Bank of America Corp DE now owns 11,186 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 10,367 shares during the period. 79.54% of the stock is currently owned by hedge funds and other institutional investors.
eHealth Stock Performance
EHTH traded up $0.06 on Friday, reaching $1.20. The company had a trading volume of 213,367 shares, compared to its average volume of 525,837. eHealth, Inc. has a fifty-two week low of $1.14 and a fifty-two week high of $5.89. 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 stock has a market cap of $38.44 million, a P/E ratio of -1.03 and a beta of 1.49. The company’s fifty day moving average is $1.42 and its 200 day moving average is $1.55.
Analyst Ratings Changes
Several equities analysts have issued reports on the company. Royal Bank Of Canada dropped their target price on eHealth from $3.00 to $2.00 and set a “sector perform” rating on the stock in a research report on Tuesday. Weiss Ratings reiterated a “sell (d)” rating on shares of eHealth in a research note on Thursday, August 13th. UBS Group lowered their target price on eHealth from $2.00 to $1.75 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $3.00 price target on shares of eHealth in a report on Friday, May 8th. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $2.19.
Get Our Latest Report on eHealth
eHealth Company 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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