Marshall Wace LLP Makes New $675,000 Investment in eHealth, Inc. (NASDAQ:EHTH)

Marshall Wace LLP purchased a new stake in eHealth, Inc. (NASDAQ:EHTH - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 148,931 shares of the financial services provider's stock, valued at approximately $675,000. Marshall Wace LLP owned about 0.51% of eHealth as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new stake in eHealth in the second quarter worth $53,000. BNP Paribas Financial Markets grew its position in eHealth by 76.7% in the first quarter. BNP Paribas Financial Markets now owns 13,323 shares of the financial services provider's stock valued at $80,000 after purchasing an additional 5,782 shares in the last quarter. American Century Companies Inc. increased its stake in eHealth by 15.5% in the 2nd quarter. American Century Companies Inc. now owns 38,170 shares of the financial services provider's stock valued at $173,000 after buying an additional 5,120 shares during the last quarter. XTX Topco Ltd lifted its position in eHealth by 258.1% during the 2nd quarter. XTX Topco Ltd now owns 76,983 shares of the financial services provider's stock worth $349,000 after buying an additional 55,484 shares in the last quarter. Finally, ClariVest Asset Management LLC boosted its stake in shares of eHealth by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 99,737 shares of the financial services provider's stock worth $452,000 after buying an additional 2,789 shares during the last quarter. 79.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EHTH has been the topic of several analyst reports. Craig Hallum dropped their target price on eHealth from $6.00 to $5.00 and set a "hold" rating on the stock in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their price objective on eHealth from $5.00 to $2.00 and set a "hold" rating for the company in a report on Wednesday, August 14th.

eHealth Trading Up 6.8 %

Shares of eHealth stock traded up $0.29 during trading on Wednesday, hitting $4.55. 88,851 shares of the stock were exchanged, compared to its average volume of 269,705. The company has a fifty day moving average price of $4.13 and a 200-day moving average price of $4.70. The stock has a market capitalization of $132.51 million, a price-to-earnings ratio of -1.77 and a beta of 0.53. eHealth, Inc. has a 1-year low of $3.58 and a 1-year high of $9.45.

eHealth (NASDAQ:EHTH - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($1.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.85) by ($0.38). eHealth had a negative return on equity of 4.03% and a negative net margin of 6.32%. The business had revenue of $65.86 million for the quarter, compared to analyst estimates of $55.79 million. Equities research analysts forecast that eHealth, Inc. will post -1.51 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Gavin G. Galimi acquired 10,365 shares of the business's stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $4.12 per share, for a total transaction of $42,703.80. Following the completion of the transaction, the senior vice president now directly owns 185,290 shares of the company's stock, valued at approximately $763,394.80. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other eHealth news, CFO John J. Stelben bought 20,000 shares of the firm's stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $4.16 per share, for a total transaction of $83,200.00. Following the transaction, the chief financial officer now directly owns 515,565 shares in the company, valued at approximately $2,144,750.40. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Gavin G. Galimi purchased 10,365 shares of the company's stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $4.12 per share, with a total value of $42,703.80. Following the completion of the transaction, the senior vice president now owns 185,290 shares of the company's stock, valued at $763,394.80. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 80,365 shares of company stock valued at $329,404 over the last ninety days. 4.10% of the stock is currently owned by company insiders.

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.