SG Americas Securities LLC Buys New Shares in eHealth, Inc. (NASDAQ:EHTH)

SG Americas Securities LLC purchased a new position in shares of eHealth, Inc. (NASDAQ:EHTH) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 12,307 shares of the financial services provider’s stock, valued at approximately $107,000.

A number of other large investors also recently modified their holdings of EHTH. Renaissance Technologies LLC raised its holdings in eHealth by 269.7% during the first quarter. Renaissance Technologies LLC now owns 646,900 shares of the financial services provider’s stock worth $8,028,000 after acquiring an additional 471,905 shares in the last quarter. Marshall Wace LLP raised its stake in shares of eHealth by 460.6% during the 3rd quarter. Marshall Wace LLP now owns 477,567 shares of the financial services provider’s stock worth $1,868,000 after purchasing an additional 392,372 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of eHealth by 79.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 750,717 shares of the financial services provider’s stock valued at $6,036,000 after buying an additional 331,593 shares during the last quarter. Federated Hermes Inc. bought a new position in shares of eHealth in the first quarter valued at $3,202,000. Finally, BlackRock Inc. grew its stake in shares of eHealth by 10.1% in the second quarter. BlackRock Inc. now owns 2,352,410 shares of the financial services provider’s stock valued at $18,913,000 after buying an additional 215,658 shares in the last quarter. 79.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Craig Hallum downgraded shares of eHealth from a “buy” rating to a “hold” rating and set a $7.00 price objective for the company. in a research report on Thursday, January 18th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.00.

eHealth Stock Down 2.6 %

EHTH stock opened at $4.49 on Friday. eHealth, Inc. has a 1-year low of $4.28 and a 1-year high of $10.31. The business’s 50 day simple moving average is $5.97 and its 200 day simple moving average is $7.18. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $129.94 million, a PE ratio of -1.73 and a beta of 0.40.

eHealth (NASDAQ:EHTH) last released its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $1.27 EPS for the quarter, missing the consensus estimate of $1.83 by ($0.56). The company had revenue of $247.70 million during the quarter, compared to analyst estimates of $244.93 million. eHealth had a negative net margin of 6.23% and a negative return on equity of 5.54%. eHealth’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.01 earnings per share. As a group, research analysts anticipate that eHealth, Inc. will post -0.99 EPS for the current year.

eHealth 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.