1,482,797 Shares in eHealth, Inc. $EHTH Bought by Palo Alto Investors LP

Palo Alto Investors LP bought a new stake in shares of eHealth, Inc. (NASDAQ:EHTH) during the 2nd quarter, Holdings Channel reports. The firm bought 1,482,797 shares of the financial services provider’s stock, valued at approximately $2,209,368,000.

Other hedge funds have also bought and sold shares of the company. Nantahala Capital Management LLC increased its position in eHealth by 34.3% in the third quarter. Nantahala Capital Management LLC now owns 1,761,441 shares of the financial services provider’s stock worth $7,592,000 after buying an additional 450,000 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of eHealth by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,526,098 shares of the financial services provider’s stock valued at $6,577,000 after buying an additional 4,958 shares in the last quarter. Findell Capital Management LLC lifted its position in shares of eHealth by 15.0% during the 4th quarter. Findell Capital Management LLC now owns 1,408,975 shares of the financial services provider’s stock valued at $6,481,000 after buying an additional 183,975 shares in the last quarter. BlackRock Inc. bought a new stake in eHealth during the 2nd quarter worth approximately $2,000,000. Finally, Geode Capital Management LLC raised its stake in eHealth by 101.3% during the 2nd quarter. Geode Capital Management LLC now owns 711,762 shares of the financial services provider’s stock worth $3,097,000 after acquiring an additional 358,192 shares during the period. Institutional investors own 79.54% of the company’s stock.

eHealth Stock Performance

EHTH opened at $1.14 on Friday. The stock has a market capitalization of $36.51 million, a price-to-earnings ratio of -0.98 and a beta of 1.49. The company has a fifty day moving average of $1.42 and a 200 day moving average of $1.55. eHealth, Inc. has a fifty-two week low of $1.14 and a fifty-two week high of $5.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 5.12 and a current ratio of 5.12.

eHealth (NASDAQ:EHTH) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported ($1.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.84) by ($0.34). The company had revenue of $33.57 million during the quarter, compared to the consensus estimate of $33.28 million. eHealth had a net margin of 5.42% and a return on equity of 6.13%. As a group, sell-side analysts forecast that eHealth, Inc. will post 0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. UBS Group reduced their price objective on shares of eHealth from $2.00 to $1.75 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Royal Bank Of Canada dropped their target price on shares of eHealth from $3.00 to $2.00 and set a “sector perform” rating for the company in a report on Tuesday. Weiss Ratings reissued a “sell (d)” rating on shares of eHealth in a report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $3.00 price objective on shares of eHealth in a research report on Friday, May 8th. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, eHealth currently has an average rating of “Reduce” and an average target price of $2.19.

eHealth Company Profile

eHealth, Inc operates one of the largest online private health insurance exchanges in the United States. The company’s platform enables consumers to compare, select and enroll in individual, family and small-group health insurance plans offered by a broad network of licensed insurance carriers. In addition to Affordable Care Act–compliant offerings, eHealth provides dedicated services for Medicare Advantage, Medicare Supplement and Medicare Part D prescription drug plans, helping seniors navigate the complexities of Medicare coverage.

Through its digital marketplace, eHealth delivers real-time quotes, detailed plan comparisons and enrollment processing.