XTX Topco Ltd Grows Position in eHealth, Inc. (NASDAQ:EHTH)

XTX Topco Ltd grew its stake in eHealth, Inc. (NASDAQ:EHTH) by 258.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 76,983 shares of the financial services provider’s stock after buying an additional 55,484 shares during the period. XTX Topco Ltd’s holdings in eHealth were worth $349,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Summit Securities Group LLC purchased a new stake in eHealth in the 2nd quarter worth approximately $53,000. BNP Paribas Financial Markets boosted its position in shares of eHealth by 76.7% in the first quarter. BNP Paribas Financial Markets now owns 13,323 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 5,782 shares during the period. American Century Companies Inc. increased its stake in shares of eHealth by 15.5% in the second quarter. American Century Companies Inc. now owns 38,170 shares of the financial services provider’s stock worth $173,000 after purchasing an additional 5,120 shares in the last quarter. ClariVest Asset Management LLC raised its position in shares of eHealth by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 99,737 shares of the financial services provider’s stock valued at $452,000 after purchasing an additional 2,789 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of eHealth during the 1st quarter valued at $472,000. Institutional investors own 79.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on EHTH shares. Deutsche Bank Aktiengesellschaft decreased their price target on eHealth from $5.00 to $2.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Craig Hallum decreased their target price on eHealth from $6.00 to $5.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th.

Insiders Place Their Bets

In other news, CEO Francis S. Soistman, Jr. bought 50,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $4.07 per share, for a total transaction of $203,500.00. Following the transaction, the chief executive officer now owns 907,875 shares of the company’s stock, valued at $3,695,051.25. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other eHealth news, CEO Francis S. Soistman, Jr. bought 50,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $4.07 per share, for a total transaction of $203,500.00. Following the transaction, the chief executive officer now owns 907,875 shares of the company’s stock, valued at $3,695,051.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO John J. Stelben purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $4.16 per share, with a total value of $83,200.00. Following the transaction, the chief financial officer now owns 515,565 shares of the company’s stock, valued at approximately $2,144,750.40. The disclosure for this purchase can be found here. Insiders have bought a total of 80,365 shares of company stock valued at $329,404 in the last quarter. 4.10% of the stock is currently owned by insiders.

eHealth Stock Performance

Shares of NASDAQ:EHTH opened at $4.14 on Friday. The firm has a market cap of $121.76 million, a price-to-earnings ratio of -1.62 and a beta of 0.52. The firm has a fifty day moving average price of $4.27 and a 200 day moving average price of $4.81. eHealth, Inc. has a fifty-two week low of $3.58 and a fifty-two week high of $9.45.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($1.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.85) by ($0.38). The firm had revenue of $65.86 million for the quarter, compared to analysts’ expectations of $55.79 million. eHealth had a negative net margin of 6.32% and a negative return on equity of 4.03%. As a group, research analysts predict that eHealth, Inc. will post -1.51 earnings per share for the current year.

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.