OMERS ADMINISTRATION Corp Takes $392,000 Position in eHealth, Inc. (NASDAQ:EHTH)

OMERS ADMINISTRATION Corp bought a new position in eHealth, Inc. (NASDAQ:EHTH) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 41,673 shares of the financial services provider’s stock, valued at approximately $392,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of eHealth in the fourth quarter valued at about $29,000. Graham Capital Management L.P. bought a new position in eHealth in the 4th quarter worth approximately $110,000. Prudential Financial Inc. acquired a new position in shares of eHealth during the fourth quarter worth approximately $111,000. XTX Topco Ltd bought a new stake in shares of eHealth in the fourth quarter valued at approximately $145,000. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of eHealth in the fourth quarter worth $161,000. Institutional investors and hedge funds own 79.54% of the company’s stock.

eHealth Stock Up 5.4%

Shares of EHTH stock opened at $4.66 on Tuesday. eHealth, Inc. has a one year low of $3.58 and a one year high of $11.36. 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 stock has a fifty day moving average price of $6.08 and a 200 day moving average price of $7.37. The stock has a market cap of $141.32 million, a P/E ratio of -1.64 and a beta of 1.11.

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

Analyst Ratings Changes

Several equities analysts recently commented on the stock. UBS Group cut their target price on shares of eHealth from $9.50 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $11.00 price objective on shares of eHealth in a research report on Monday. Finally, StockNews.com cut shares of eHealth from a “buy” rating to a “hold” rating in a research note on Sunday, May 11th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.