Occudo Quantitative Strategies LP Makes New Investment in eHealth, Inc. (NASDAQ:EHTH)

Occudo Quantitative Strategies LP purchased a new position in eHealth, Inc. (NASDAQ:EHTH) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 17,411 shares of the financial services provider’s stock, valued at approximately $164,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. American Century Companies Inc. raised its position in eHealth by 4.0% in the fourth quarter. American Century Companies Inc. now owns 46,422 shares of the financial services provider’s stock worth $436,000 after acquiring an additional 1,772 shares in the last quarter. R Squared Ltd purchased a new position in eHealth in the 4th quarter worth about $29,000. Sei Investments Co. increased its stake in eHealth by 5.3% in the 4th quarter. Sei Investments Co. now owns 110,728 shares of the financial services provider’s stock worth $1,041,000 after purchasing an additional 5,622 shares in the last quarter. Jump Financial LLC increased its stake in eHealth by 34.8% in the 4th quarter. Jump Financial LLC now owns 29,710 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 7,678 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in eHealth by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 325,972 shares of the financial services provider’s stock worth $3,065,000 after purchasing an additional 7,680 shares in the last quarter. 79.54% of the stock is currently owned by institutional investors.

eHealth Stock Performance

NASDAQ:EHTH opened at $4.42 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.10 and a quick ratio of 3.10. eHealth, Inc. has a fifty-two week low of $3.58 and a fifty-two week high of $11.36. The stock’s 50-day moving average is $6.16 and its two-hundred day moving average is $7.35. The stock has a market cap of $134.05 million, a PE ratio of -1.55 and a beta of 1.11.

eHealth (NASDAQ:EHTH) last released its earnings results on Wednesday, May 7th. The financial services provider reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.08. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. The company had revenue of $113.12 million for the quarter, compared to analysts’ expectations of $99.46 million. As a group, equities research analysts forecast that eHealth, Inc. will post -2.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EHTH has been the topic of a number of analyst reports. StockNews.com cut eHealth from a “buy” rating to a “hold” rating in a research note on Sunday, May 11th. UBS Group dropped their price target on eHealth from $9.50 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $6.75.

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.