eHealth, Inc. (NASDAQ:EHTH) Shares Purchased by Boothbay Fund Management LLC

Boothbay Fund Management LLC raised its stake in eHealth, Inc. (NASDAQ:EHTH) by 164.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 109,695 shares of the financial services provider’s stock after purchasing an additional 68,204 shares during the quarter. Boothbay Fund Management LLC’s holdings in eHealth were worth $1,031,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EHTH. American Century Companies Inc. lifted its holdings in shares of eHealth by 4.0% in the 4th quarter. American Century Companies Inc. now owns 46,422 shares of the financial services provider’s stock worth $436,000 after acquiring an additional 1,772 shares during the last quarter. R Squared Ltd purchased a new stake in eHealth in the fourth quarter valued at approximately $29,000. Sei Investments Co. lifted its stake in eHealth by 5.3% during the fourth quarter. Sei Investments Co. now owns 110,728 shares of the financial services provider’s stock worth $1,041,000 after purchasing an additional 5,622 shares in the last quarter. SkyView Investment Advisors LLC boosted its position in shares of eHealth by 28.7% during the third quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider’s stock worth $122,000 after buying an additional 6,694 shares during the period. Finally, Jump Financial LLC grew its stake in shares of eHealth by 34.8% in the fourth quarter. Jump Financial LLC now owns 29,710 shares of the financial services provider’s stock valued at $279,000 after buying an additional 7,678 shares in the last quarter. Hedge funds and other institutional investors own 79.54% of the company’s stock.

eHealth Stock Performance

NASDAQ:EHTH opened at $5.86 on Wednesday. eHealth, Inc. has a 52 week low of $3.58 and a 52 week high of $11.36. The company has a fifty day simple moving average of $7.11 and a two-hundred day simple moving average of $7.33. 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 company has a market cap of $175.47 million, a price-to-earnings ratio of -2.06 and a beta of 0.81.

eHealth (NASDAQ:EHTH) last released its earnings results on Wednesday, February 26th. The financial services provider reported $2.20 EPS for the quarter, topping the consensus estimate of $2.00 by $0.20. The firm had revenue of $315.18 million during the quarter, compared to analysts’ expectations of $293.47 million. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. As a group, equities analysts anticipate that eHealth, Inc. will post -2.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered eHealth from a “buy” rating to a “hold” rating in a research note on Friday, April 25th. Four equities research 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.com, the stock currently has an average rating of “Hold” and a consensus price target of $6.38.

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.