Sapient Capital LLC Acquires Shares of 30,444 eHealth, Inc. (NASDAQ:EHTH)

Sapient Capital LLC purchased a new position in eHealth, Inc. (NASDAQ:EHTH) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 30,444 shares of the financial services provider’s stock, valued at approximately $265,000.

Several other hedge funds also recently made changes to their positions in EHTH. Renaissance Technologies LLC raised its stake in eHealth by 269.7% during the 1st quarter. Renaissance Technologies LLC now owns 646,900 shares of the financial services provider’s stock valued at $8,028,000 after acquiring an additional 471,905 shares in the last quarter. Marshall Wace LLP raised its stake in shares of eHealth by 460.6% during the third quarter. Marshall Wace LLP now owns 477,567 shares of the financial services provider’s stock valued at $1,868,000 after purchasing an additional 392,372 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in eHealth by 79.1% in the second quarter. Dimensional Fund Advisors LP now owns 750,717 shares of the financial services provider’s stock worth $6,036,000 after purchasing an additional 331,593 shares during the period. Federated Hermes Inc. bought a new position in eHealth in the 1st quarter valued at about $3,202,000. Finally, BlackRock Inc. increased its stake in eHealth by 10.1% during the 2nd quarter. BlackRock Inc. now owns 2,352,410 shares of the financial services provider’s stock valued at $18,913,000 after buying an additional 215,658 shares during the period. Institutional investors and hedge funds own 79.54% of the company’s stock.

eHealth Stock Performance

NASDAQ:EHTH opened at $4.31 on Tuesday. The company has a 50-day moving average of $6.15 and a 200-day moving average of $7.26. The firm has a market cap of $124.73 million, a price-to-earnings ratio of -1.66 and a beta of 0.40. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.11. eHealth, Inc. has a twelve month low of $4.31 and a twelve month high of $10.31.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.56). eHealth had a negative net margin of 6.23% and a negative return on equity of 5.54%. The company had revenue of $247.70 million during the quarter, compared to the consensus estimate of $244.93 million. During the same period in the prior year, the company posted $1.01 EPS. eHealth’s quarterly revenue was up 26.2% on a year-over-year basis. Analysts forecast that eHealth, Inc. will post -0.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Craig Hallum downgraded eHealth from a “buy” rating to a “hold” rating and set a $7.00 target price for the company. in a research report on Thursday, January 18th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, eHealth has an average rating of “Hold” and an average price target of $10.00.

About eHealth

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.