Ergoteles LLC Purchases New Shares in eHealth, Inc. (NASDAQ:EHTH)

Posted by on Feb 27th, 2023

Ergoteles LLC purchased a new stake in eHealth, Inc. (NASDAQ:EHTH – Get Rating) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 226,786 shares of the financial services provider’s stock, valued at approximately $887,000. Ergoteles LLC owned 0.83% of eHealth as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EHTH. Renaissance Technologies LLC boosted its position in eHealth by 269.7% during the 1st quarter. Renaissance Technologies LLC now owns 646,900 shares of the financial services provider’s stock worth $8,028,000 after acquiring an additional 471,905 shares during the period. Federated Hermes Inc. purchased a new stake in shares of eHealth during the 1st quarter worth about $3,202,000. Starboard Value LP raised its stake in shares of eHealth by 9.5% during the 1st quarter. Starboard Value LP now owns 2,243,117 shares of the financial services provider’s stock worth $27,837,000 after purchasing an additional 195,000 shares in the last quarter. Aristotle Capital Boston LLC raised its stake in shares of eHealth by 34.9% during the 2nd quarter. Aristotle Capital Boston LLC now owns 598,445 shares of the financial services provider’s stock worth $5,583,000 after purchasing an additional 154,936 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of eHealth by 84.4% during the 1st quarter. Invesco Ltd. now owns 201,918 shares of the financial services provider’s stock worth $2,506,000 after purchasing an additional 92,392 shares in the last quarter. 70.49% of the stock is currently owned by institutional investors and hedge funds.

eHealth Stock Performance

Shares of NASDAQ EHTH opened at $8.86 on Monday. The company has a quick ratio of 5.83, a current ratio of 5.83 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $6.86 and its two-hundred day moving average is $5.39. The company has a market cap of $242.96 million, a P/E ratio of -1.41 and a beta of 0.57. eHealth, Inc. has a 12 month low of $2.67 and a 12 month high of $15.68.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EHTH. Craig Hallum raised eHealth from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a research note on Thursday, December 1st. Citigroup cut their price objective on eHealth from $9.00 to $4.50 in a research note on Tuesday, November 15th. Truist Financial cut their price objective on eHealth from $8.00 to $3.00 in a research note on Tuesday, November 8th. StockNews.com raised eHealth from a “sell” rating to a “hold” rating in a research note on Saturday, December 24th. Finally, Credit Suisse Group set a $4.00 price objective on eHealth in a research note on Thursday, November 24th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.57.

eHealth Profile

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eHealth, Inc engages in the provision of Internet-based health insurance agency services for individuals, families, and small businesses. It operates through the following segments: Medicare and Individual, Family, and Small Business. The Medicare segment consists primarily of commissions earned from sale of Medicare-related health insurance plans.

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Institutional Ownership by Quarter for eHealth (NASDAQ:EHTH)

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