Truffle Hound Capital LLC acquired a new position in shares of eHealth, Inc. (NASDAQ:EHTH - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 70,000 shares of the financial services provider's stock, valued at approximately $658,000. Truffle Hound Capital LLC owned approximately 0.24% of eHealth as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. AMH Equity Ltd bought a new stake in eHealth during the 4th quarter worth about $426,000. Jacobs Levy Equity Management Inc. raised its holdings in eHealth by 86.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 212,555 shares of the financial services provider's stock worth $867,000 after acquiring an additional 98,793 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in eHealth by 163.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 177,012 shares of the financial services provider's stock valued at $1,664,000 after purchasing an additional 109,814 shares during the last quarter. Barclays PLC grew its stake in eHealth by 104.3% in the third quarter. Barclays PLC now owns 47,445 shares of the financial services provider's stock valued at $194,000 after purchasing an additional 24,224 shares in the last quarter. Finally, RBF Capital LLC grew its stake in eHealth by 29.0% in the third quarter. RBF Capital LLC now owns 443,141 shares of the financial services provider's stock valued at $1,808,000 after purchasing an additional 99,618 shares in the last quarter. Institutional investors and hedge funds own 79.54% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on EHTH. StockNews.com upgraded shares of eHealth from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. UBS Group assumed coverage on eHealth in a report on Wednesday, December 4th. They set a "neutral" rating and a $5.50 price target for the company. Four 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 stock currently has an average rating of "Hold" and a consensus price target of $6.38.
Read Our Latest Analysis on eHealth
eHealth Price Performance
NASDAQ:EHTH traded down $0.29 during trading hours on Wednesday, hitting $6.96. The company's stock had a trading volume of 167,909 shares, compared to its average volume of 255,068. 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 company has a market capitalization of $208.40 million, a P/E ratio of -2.44 and a beta of 0.44. eHealth, Inc. has a twelve month low of $3.58 and a twelve month high of $11.36. The stock has a fifty day simple moving average of $9.19 and a 200-day simple moving average of $6.98.
eHealth (NASDAQ:EHTH - Get Free Report) last issued its earnings results on Wednesday, February 26th. The financial services provider reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $2.00 by $0.20. eHealth had a negative net margin of 7.58% and a negative return on equity of 5.70%. The firm had revenue of $315.18 million for the quarter, compared to analyst estimates of $293.47 million. On average, analysts anticipate that eHealth, Inc. will post -2.17 EPS for the current fiscal year.
eHealth Company Profile
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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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