AMH Equity Ltd Purchases New Shares in eHealth, Inc. (NASDAQ:EHTH)

AMH Equity Ltd acquired a new position in eHealth, Inc. (NASDAQ:EHTH) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 45,336 shares of the financial services provider’s stock, valued at approximately $426,000.

A number of other large investors have also recently made changes to their positions in EHTH. R Squared Ltd bought a new position in shares of eHealth in the 4th quarter valued at about $29,000. Kera Capital Partners Inc. purchased a new stake in eHealth during the fourth quarter valued at approximately $358,000. SkyView Investment Advisors LLC lifted its stake in shares of eHealth by 28.7% in the 3rd quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 6,694 shares during the last quarter. Barclays PLC lifted its stake in shares of eHealth by 104.3% in the 3rd quarter. Barclays PLC now owns 47,445 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 24,224 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of eHealth by 40.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,451 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 3,600 shares during the period. 79.54% of the stock is currently owned by institutional investors.

eHealth Stock Performance

EHTH stock opened at $9.46 on Thursday. eHealth, Inc. has a twelve month low of $3.58 and a twelve month high of $11.36. The firm has a market cap of $280.34 million, a price-to-earnings ratio of -3.32 and a beta of 0.32. The business’s fifty day simple moving average is $9.69 and its two-hundred day simple moving average is $6.44. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.14.

eHealth (NASDAQ:EHTH) last posted its quarterly 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. 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 Upgrades and Downgrades

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