Schonfeld Strategic Advisors LLC Buys New Position in eHealth, Inc. (NASDAQ:EHTH)

Schonfeld Strategic Advisors LLC bought a new position in eHealth, Inc. (NASDAQ:EHTH) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 53,440 shares of the financial services provider’s stock, valued at approximately $502,000. Schonfeld Strategic Advisors LLC owned approximately 0.18% of eHealth as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Paloma Partners Management Co bought a new stake in shares of eHealth in the 4th quarter valued at $210,000. Nantahala Capital Management LLC grew its holdings in eHealth by 5.1% in the fourth quarter. Nantahala Capital Management LLC now owns 2,009,500 shares of the financial services provider’s stock worth $18,889,000 after purchasing an additional 97,679 shares during the period. Northern Trust Corp increased its stake in eHealth by 18.9% in the fourth quarter. Northern Trust Corp now owns 86,560 shares of the financial services provider’s stock valued at $814,000 after purchasing an additional 13,734 shares in the last quarter. Boothbay Fund Management LLC raised its holdings in shares of eHealth by 164.4% during the fourth quarter. Boothbay Fund Management LLC now owns 109,695 shares of the financial services provider’s stock valued at $1,031,000 after purchasing an additional 68,204 shares during the period. Finally, Jump Financial LLC boosted its position in shares of eHealth by 34.8% during the 4th quarter. Jump Financial LLC now owns 29,710 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 7,678 shares in the last quarter. 79.54% of the stock is owned by institutional investors and hedge funds.

eHealth Stock Performance

Shares of eHealth stock opened at $5.14 on Friday. eHealth, Inc. has a 52 week low of $3.58 and a 52 week high of $11.36. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average price of $6.49 and a 200-day moving average price of $7.36. The company has a market cap of $155.88 million, a PE ratio of -1.80 and a beta of 1.11.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.08. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. The business had revenue of $113.12 million for the quarter, compared to analysts’ expectations of $99.46 million. Equities analysts anticipate that eHealth, Inc. will post -2.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. UBS Group dropped their price target on eHealth from $9.50 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday. StockNews.com lowered eHealth from a “buy” rating to a “hold” rating in a research report on Sunday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.75.

About eHealth

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.