Nantahala Capital Management LLC Makes New Investment in eHealth, Inc. $EHTH

Nantahala Capital Management LLC purchased a new position in shares of eHealth, Inc. (NASDAQ:EHTH) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,761,441 shares of the financial services provider’s stock, valued at approximately $2,624,547. Nantahala Capital Management LLC owned approximately 5.50% of eHealth as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Palo Alto Investors LP acquired a new stake in eHealth in the 2nd quarter worth approximately $2,209,368. BlackRock Inc. bought a new stake in eHealth during the second quarter worth approximately $2,000,000. J. Goldman & Co LP acquired a new position in eHealth during the fourth quarter valued at approximately $3,134,000. Mackenzie Financial Corp acquired a new position in eHealth during the third quarter valued at approximately $1,711,000. Finally, Geode Capital Management LLC raised its position in shares of eHealth by 101.3% in the second quarter. Geode Capital Management LLC now owns 711,762 shares of the financial services provider’s stock valued at $3,097,000 after purchasing an additional 358,192 shares during the period. Institutional investors and hedge funds own 79.54% of the company’s stock.

eHealth Stock Up 5.3%

NASDAQ EHTH opened at $1.20 on Friday. eHealth, Inc. has a twelve month low of $1.14 and a twelve month high of $5.89. The stock has a market cap of $38.44 million, a PE ratio of -1.03 and a beta of 1.49. The firm has a 50-day simple moving average of $1.41 and a 200 day simple moving average of $1.55. 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 issued its quarterly earnings results on Tuesday, August 4th. The financial services provider reported ($1.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.84) by ($0.34). The firm had revenue of $33.57 million for 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%. On average, research analysts forecast that eHealth, Inc. will post 0.8 EPS for the current year.

Wall Street Analysts Forecast Growth

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

eHealth 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.