eHealth, Inc. (NASDAQ:EHTH) Stake Lessened by Jane Street Group LLC

Jane Street Group LLC lowered its position in shares of eHealth, Inc. (NASDAQ:EHTH - Free Report) by 80.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,828 shares of the financial services provider's stock after selling 316,940 shares during the period. Jane Street Group LLC owned approximately 0.26% of eHealth worth $309,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Point72 DIFC Ltd boosted its stake in shares of 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 buying an additional 12,430 shares during the last quarter. Algert Global LLC raised its holdings in eHealth by 76.6% in the second quarter. Algert Global LLC now owns 18,392 shares of the financial services provider's stock valued at $83,000 after acquiring an additional 7,980 shares in the last quarter. American Century Companies Inc. boosted its stake in eHealth by 15.5% during the 2nd quarter. American Century Companies Inc. now owns 38,170 shares of the financial services provider's stock valued at $173,000 after acquiring an additional 5,120 shares during the last quarter. Squarepoint Ops LLC acquired a new position in eHealth during the 2nd quarter worth $178,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of eHealth in the 2nd quarter worth about $201,000. 79.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on EHTH shares. Royal Bank of Canada lowered their price objective on eHealth from $13.00 to $11.00 and set a "sector perform" rating for the company in a report on Monday, November 25th. Craig Hallum upgraded eHealth from a "hold" rating to a "buy" rating and boosted their price target for the company from $5.00 to $7.00 in a report on Wednesday, November 6th. UBS Group assumed coverage on eHealth in a research note on Wednesday, December 4th. They set a "neutral" rating and a $5.50 price objective on the stock. Finally, StockNews.com upgraded shares of eHealth from a "sell" rating to a "hold" rating in a research note on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $6.38.

eHealth Stock Performance

Shares of NASDAQ EHTH traded down $0.06 during mid-day trading on Friday, hitting $9.85. The company had a trading volume of 454,705 shares, compared to its average volume of 448,717. eHealth, Inc. has a 12 month low of $3.58 and a 12 month high of $10.68. The stock has a market cap of $291.89 million, a price-to-earnings ratio of -3.46 and a beta of 0.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.10 and a quick ratio of 3.10. The firm's 50 day simple moving average is $6.60 and its two-hundred day simple moving average is $5.18.

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.