Russell Investments Group Ltd. purchased a new stake in eHealth, Inc. (NASDAQ:EHTH) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 48,152 shares of the financial services provider’s stock, valued at approximately $4,142,000.
Several other institutional investors have also recently modified their holdings of EHTH. Dimensional Fund Advisors LP grew its position in eHealth by 6.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 727,294 shares of the financial services provider’s stock valued at $27,941,000 after buying an additional 44,820 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in eHealth by 312.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,559 shares of the financial services provider’s stock valued at $284,000 after buying an additional 3,454 shares during the last quarter. SG Americas Securities LLC purchased a new position in eHealth in the 1st quarter valued at $508,000. Janney Montgomery Scott LLC boosted its position in shares of eHealth by 37.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 18,637 shares of the financial services provider’s stock worth $1,162,000 after purchasing an additional 5,127 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of eHealth by 14.2% during the 1st quarter. Rhumbline Advisers now owns 59,954 shares of the financial services provider’s stock worth $3,738,000 after purchasing an additional 7,439 shares in the last quarter. Institutional investors own 97.99% of the company’s stock.
EHTH has been the topic of several research analyst reports. Royal Bank of Canada boosted their target price on shares of eHealth from $89.00 to $111.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Credit Suisse Group boosted their target price on shares of eHealth from $118.00 to $136.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. Cantor Fitzgerald boosted their target price on shares of eHealth from $100.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Zacks Investment Research upgraded shares of eHealth from a “hold” rating to a “strong-buy” rating and set a $121.00 target price on the stock in a research report on Wednesday, July 31st. Finally, ValuEngine lowered shares of eHealth from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $117.20.
Shares of NASDAQ:EHTH traded down $0.04 during midday trading on Friday, hitting $75.59. 599,292 shares of the stock were exchanged, compared to its average volume of 623,109. The stock has a market cap of $1.72 billion, a P/E ratio of 119.98 and a beta of 1.11. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.08. eHealth, Inc. has a twelve month low of $26.46 and a twelve month high of $112.22. The company has a 50 day moving average price of $96.03 and a 200-day moving average price of $75.58.
eHealth (NASDAQ:EHTH) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.53) by $0.47. The business had revenue of $65.80 million during the quarter, compared to the consensus estimate of $40.98 million. eHealth had a return on equity of 7.70% and a net margin of 1.99%. The business’s revenue for the quarter was up 101.2% compared to the same quarter last year. On average, equities research analysts expect that eHealth, Inc. will post 1.34 earnings per share for the current year.
In other news, Director Dale B. Wolf purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was acquired at an average price of $105.05 per share, with a total value of $210,100.00. Following the purchase, the director now directly owns 2,533 shares of the company’s stock, valued at approximately $266,091.65. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dale B. Wolf purchased 1,000 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of $82.10 per share, with a total value of $82,100.00. Following the purchase, the director now directly owns 4,533 shares in the company, valued at $372,159.30. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 4,000 shares of company stock valued at $374,440 and have sold 174,627 shares valued at $18,048,613. Insiders own 5.00% of the company’s stock.
eHealth, Inc provides private health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its e-commerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.
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