Renaissance Technologies LLC Has $1.17 Million Stock Position in eHealth, Inc. (NASDAQ:EHTH)

Renaissance Technologies LLC grew its position in eHealth, Inc. (NASDAQ:EHTH) by 104.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 257,600 shares of the financial services provider’s stock after buying an additional 131,772 shares during the quarter. Renaissance Technologies LLC owned approximately 0.88% of eHealth worth $1,167,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in EHTH. Summit Securities Group LLC bought a new position in eHealth during the second quarter valued at approximately $53,000. BNP Paribas Financial Markets boosted its stake in shares of eHealth by 76.7% in the 1st quarter. BNP Paribas Financial Markets now owns 13,323 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 5,782 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of eHealth by 15.5% in the 2nd quarter. American Century Companies Inc. now owns 38,170 shares of the financial services provider’s stock valued at $173,000 after purchasing an additional 5,120 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of eHealth in the 1st quarter valued at $472,000. Finally, Los Angeles Capital Management LLC boosted its stake in shares of eHealth by 143.7% in the 1st quarter. Los Angeles Capital Management LLC now owns 88,925 shares of the financial services provider’s stock valued at $536,000 after purchasing an additional 52,436 shares in the last quarter. 79.54% of the stock is currently owned by institutional investors and hedge funds.

eHealth Stock Up 8.7 %

Shares of eHealth stock opened at $4.48 on Friday. eHealth, Inc. has a 12-month low of $3.58 and a 12-month high of $9.45. The stock has a market cap of $130.47 million, a P/E ratio of -1.76 and a beta of 0.53. The business’s 50 day moving average is $4.17 and its 200-day moving average is $4.73.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings results 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). eHealth had a negative net margin of 6.32% and a negative return on equity of 4.03%. The business had revenue of $65.86 million during the quarter, compared to the consensus estimate of $55.79 million. On average, sell-side analysts expect that eHealth, Inc. will post -1.51 EPS for the current year.

Insider Activity at eHealth

In other news, CFO John J. Stelben acquired 20,000 shares of the stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $4.16 per share, for a total transaction of $83,200.00. Following the transaction, the chief financial officer now directly owns 515,565 shares of the company’s stock, valued at approximately $2,144,750.40. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other eHealth news, CFO John J. Stelben acquired 20,000 shares of eHealth stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $4.16 per share, with a total value of $83,200.00. Following the completion of the purchase, the chief financial officer now directly owns 515,565 shares of the company’s stock, valued at $2,144,750.40. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Gavin G. Galimi purchased 10,365 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $4.12 per share, for a total transaction of $42,703.80. Following the completion of the purchase, the senior vice president now directly owns 185,290 shares of the company’s stock, valued at approximately $763,394.80. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 80,365 shares of company stock worth $329,404. Company insiders own 4.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Craig Hallum dropped their price objective on eHealth from $6.00 to $5.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on eHealth from $5.00 to $2.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th.

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.