R Squared Ltd Acquires New Stake in eHealth, Inc. (NASDAQ:EHTH)

R Squared Ltd bought a new position in eHealth, Inc. (NASDAQ:EHTH) during the fourth quarter, HoldingsChannel.com reports. The fund bought 3,040 shares of the financial services provider’s stock, valued at approximately $29,000.

Several other institutional investors and hedge funds have also made changes to their positions in EHTH. Marshall Wace LLP purchased a new position in eHealth in the 2nd quarter worth about $675,000. Squarepoint Ops LLC purchased a new position in shares of eHealth during the second quarter worth approximately $178,000. Algert Global LLC increased its position in shares of eHealth by 76.6% during the second quarter. Algert Global LLC now owns 18,392 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 7,980 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of eHealth by 43.0% during the third quarter. Assenagon Asset Management S.A. now owns 194,667 shares of the financial services provider’s stock valued at $794,000 after acquiring an additional 58,540 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of eHealth by 86.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 212,555 shares of the financial services provider’s stock valued at $867,000 after purchasing an additional 98,793 shares during the period. 79.54% of the stock is currently owned by institutional investors.

eHealth Trading Down 2.8 %

Shares of NASDAQ:EHTH opened at $9.66 on Tuesday. The company has a market capitalization of $286.26 million, a PE ratio of -3.39 and a beta of 0.31. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.14. eHealth, Inc. has a 12-month low of $3.58 and a 12-month high of $10.68. The business’s fifty day simple moving average is $8.24 and its 200-day simple moving average is $5.83.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. StockNews.com upgraded eHealth from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Royal Bank of Canada cut their price target on eHealth from $13.00 to $11.00 and set a “sector perform” rating on the stock in a research note on Monday, November 25th. UBS Group began coverage on shares of eHealth in a research note on Wednesday, December 4th. They issued a “neutral” rating and a $5.50 price objective for the company. Finally, Craig Hallum upgraded shares of eHealth from a “hold” rating to a “buy” rating and increased their target price for the stock from $5.00 to $7.00 in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.38.

eHealth Company 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.