Barclays PLC Boosts Stock Position in eHealth, Inc. (NASDAQ:EHTH)

Barclays PLC raised its position in eHealth, Inc. (NASDAQ:EHTH) by 104.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,445 shares of the financial services provider’s stock after purchasing an additional 24,224 shares during the period. Barclays PLC owned about 0.16% of eHealth worth $194,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Los Angeles Capital Management LLC lifted its stake in shares of eHealth by 77.9% during the second quarter. Los Angeles Capital Management LLC now owns 158,171 shares of the financial services provider’s stock valued at $717,000 after buying an additional 69,246 shares during the period. ClariVest Asset Management LLC lifted its stake 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 worth $452,000 after purchasing an additional 2,789 shares during the period. American Century Companies Inc. boosted its holdings in shares of eHealth by 15.5% during 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 during the last quarter. Renaissance Technologies LLC grew its position in shares of eHealth by 104.7% in the second quarter. Renaissance Technologies LLC now owns 257,600 shares of the financial services provider’s stock valued at $1,167,000 after purchasing an additional 131,772 shares during the period. Finally, XTX Topco Ltd grew its position in shares of eHealth by 258.1% in the second quarter. XTX Topco Ltd now owns 76,983 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 55,484 shares during the period. 79.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EHTH. Royal Bank of Canada decreased 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. Craig Hallum raised eHealth from a “hold” rating to a “buy” rating and lifted their price objective for the company from $5.00 to $7.00 in a research note on Wednesday, November 6th. StockNews.com raised shares of eHealth from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, UBS Group started coverage on shares of eHealth in a research report on Wednesday, December 4th. They set a “neutral” rating and a $5.50 price target on the stock. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.38.

eHealth Price Performance

EHTH stock opened at $10.30 on Tuesday. The stock has a 50-day simple moving average of $6.31 and a 200-day simple moving average of $5.07. The firm has a market cap of $305.23 million, a P/E ratio of -3.61 and a beta of 0.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.10 and a current ratio of 3.10. eHealth, Inc. has a 1 year low of $3.58 and a 1 year high of $10.45.

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.