Jacobs Levy Equity Management Inc. lifted its holdings in eHealth, Inc. (NASDAQ:EHTH - Free Report) by 86.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 212,555 shares of the financial services provider's stock after purchasing an additional 98,793 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.72% of eHealth worth $867,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in EHTH. Summit Securities Group LLC purchased a new position in shares of eHealth in the second quarter worth approximately $53,000. Point72 DIFC Ltd increased its position in shares of eHealth by 3,996.8% in the second quarter. Point72 DIFC Ltd now owns 12,741 shares of the financial services provider's stock worth $58,000 after acquiring an additional 12,430 shares in the last quarter. Algert Global LLC increased its position in shares of eHealth by 76.6% in 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. American Century Companies Inc. increased 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 worth $173,000 after acquiring an additional 5,120 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in eHealth during the second quarter valued at approximately $178,000. Institutional investors and hedge funds own 79.54% of the company's stock.
eHealth Stock Down 1.6 %
NASDAQ EHTH traded down $0.09 during trading on Tuesday, reaching $5.50. The company's stock had a trading volume of 109,647 shares, compared to its average volume of 252,564. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $162.99 million, a PE ratio of -1.93 and a beta of 0.47. The business has a 50-day moving average price of $5.01 and a 200-day moving average price of $4.69. eHealth, Inc. has a 1-year low of $3.58 and a 1-year high of $9.45.
Wall Street Analyst Weigh In
A number of brokerages recently commented on EHTH. StockNews.com raised shares of eHealth from a "sell" rating to a "hold" rating in a research report on Tuesday, November 5th. Royal Bank of Canada lowered their price objective on shares of eHealth from $13.00 to $11.00 and set a "sector perform" rating on the stock in a research report on Monday, November 25th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of eHealth from $5.00 to $2.00 and set a "hold" rating on the stock in a research report on Wednesday, August 14th. UBS Group began coverage on shares of eHealth in a research report on Wednesday, December 4th. They set a "neutral" rating and a $5.50 price objective on the stock. Finally, Craig Hallum raised shares of eHealth from a "hold" rating to a "buy" rating and boosted their price objective for the company from $5.00 to $7.00 in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $6.38.
Read Our Latest Stock Report on eHealth
eHealth Company Profile
(
Free Report)
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.
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