126,877 Shares in eHealth, Inc. (NASDAQ:EHTH) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in eHealth, Inc. (NASDAQ:EHTH) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 126,877 shares of the financial services provider’s stock, valued at approximately $1,193,000. Raymond James Financial Inc. owned approximately 0.43% of eHealth as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. R Squared Ltd acquired a new position in shares of eHealth in the 4th quarter worth $29,000. Public Employees Retirement System of Ohio boosted its position 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 valued at $51,000 after purchasing an additional 3,600 shares during the period. SkyView Investment Advisors LLC increased its stake in eHealth by 28.7% in the 3rd quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 6,694 shares in the last quarter. Barclays PLC increased its stake in eHealth by 104.3% in the 3rd quarter. Barclays PLC now owns 47,445 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 24,224 shares in the last quarter. Finally, Kera Capital Partners Inc. acquired a new stake in eHealth during the 4th quarter worth about $358,000. Institutional investors own 79.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EHTH. UBS Group initiated coverage on eHealth in a report on Wednesday, December 4th. They set a “neutral” rating and a $5.50 price target on the stock. StockNews.com upgraded eHealth from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.38.

eHealth Stock Up 0.5 %

Shares of NASDAQ EHTH opened at $6.64 on Thursday. The business has a fifty day moving average of $8.86 and a two-hundred day moving average of $7.08. 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 52-week low of $3.58 and a 52-week high of $11.36. The stock has a market cap of $198.82 million, a PE ratio of -2.33 and a beta of 0.44.

eHealth (NASDAQ:EHTH) last announced its 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 return on equity of 5.70% and a negative net margin of 7.58%. The company had revenue of $315.18 million for the quarter, compared to analysts’ expectations of $293.47 million. As a group, equities research analysts expect that eHealth, Inc. will post -2.17 earnings per share for the current fiscal year.

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.