Assenagon Asset Management S.A. Sells 51,938 Shares of eHealth, Inc. (NASDAQ:EHTH)

Assenagon Asset Management S.A. cut its holdings in shares of eHealth, Inc. (NASDAQ:EHTH - Free Report) by 26.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 142,729 shares of the financial services provider's stock after selling 51,938 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.48% of eHealth worth $1,342,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its stake in shares of eHealth by 40.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,451 shares of the financial services provider's stock valued at $51,000 after buying an additional 3,600 shares in the last quarter. Point72 DIFC Ltd raised its holdings in eHealth by 3,996.8% during the 2nd quarter. Point72 DIFC Ltd now owns 12,741 shares of the financial services provider's stock valued at $58,000 after acquiring an additional 12,430 shares during the period. Algert Global LLC lifted its position in shares of eHealth by 76.6% during the second quarter. Algert Global LLC now owns 18,392 shares of the financial services provider's stock worth $83,000 after acquiring an additional 7,980 shares in the last quarter. SkyView Investment Advisors LLC boosted its holdings in shares of eHealth by 28.7% in the third quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider's stock worth $122,000 after acquiring an additional 6,694 shares during the period. Finally, American Century Companies Inc. grew its position in shares of eHealth by 15.5% in the second quarter. American Century Companies Inc. now owns 38,170 shares of the financial services provider's stock valued at $173,000 after purchasing an additional 5,120 shares in the last quarter. 79.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of eHealth from a "sell" rating to a "hold" rating in a report on Tuesday, November 5th. Royal Bank of Canada dropped their price target on eHealth from $13.00 to $11.00 and set a "sector perform" rating for the company in a research note on Monday, November 25th. Craig Hallum upgraded eHealth from a "hold" rating to a "buy" rating and increased their price objective for the company from $5.00 to $7.00 in a research report on Wednesday, November 6th. Finally, UBS Group started coverage on eHealth in a research report on Wednesday, December 4th. They issued a "neutral" rating and a $5.50 target price for the company. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $6.38.

eHealth Stock Down 4.4 %

Shares of EHTH traded down $0.47 on Friday, reaching $10.18. The stock had a trading volume of 348,907 shares, compared to its average volume of 354,754. The firm has a market capitalization of $301.63 million, a price-to-earnings ratio of -3.57 and a beta of 0.31. The company has a 50-day simple moving average of $7.66 and a 200-day simple moving average of $5.59. eHealth, Inc. has a 12-month low of $3.58 and a 12-month high of $10.68. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.10 and a current ratio of 3.10.

eHealth Company 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.