Point72 Asia Singapore Pte. Ltd. Makes New $201,000 Investment in eHealth, Inc. (NASDAQ:EHTH)

Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of eHealth, Inc. (NASDAQ:EHTH) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 44,438 shares of the financial services provider’s stock, valued at approximately $201,000. Point72 Asia Singapore Pte. Ltd. owned about 0.15% of eHealth at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. 8 Knots Management LLC acquired a new stake in shares of eHealth in the 4th quarter valued at about $20,895,000. Los Angeles Capital Management LLC raised its stake in eHealth by 143.7% during the first quarter. Los Angeles Capital Management LLC now owns 88,925 shares of the financial services provider’s stock valued at $536,000 after buying an additional 52,436 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in eHealth by 76.7% during the 1st quarter. BNP Paribas Financial Markets now owns 13,323 shares of the financial services provider’s stock worth $80,000 after buying an additional 5,782 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of eHealth in the 1st quarter worth approximately $472,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of eHealth by 4.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 136,127 shares of the financial services provider’s stock valued at $617,000 after acquiring an additional 5,565 shares during the last quarter. Institutional investors and hedge funds own 79.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on eHealth from $5.00 to $2.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. Craig Hallum reduced their price target on shares of eHealth from $6.00 to $5.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th.

eHealth Trading Up 3.5 %

NASDAQ:EHTH opened at $4.14 on Friday. The stock has a 50 day moving average of $4.27 and a 200-day moving average of $4.81. The firm has a market capitalization of $121.76 million, a PE ratio of -1.62 and a beta of 0.52. eHealth, Inc. has a 52 week low of $3.58 and a 52 week high of $9.45.

eHealth (NASDAQ:EHTH) last issued its earnings results on Wednesday, August 7th. The financial services provider reported ($1.23) earnings per share for the quarter, missing the consensus estimate of ($0.85) by ($0.38). The company had revenue of $65.86 million during the quarter, compared to analyst estimates of $55.79 million. eHealth had a negative return on equity of 4.03% and a negative net margin of 6.32%. As a group, analysts predict that eHealth, Inc. will post -1.51 EPS for the current fiscal year.

Insider Activity at eHealth

In other news, SVP Gavin G. Galimi bought 10,365 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $4.12 per share, for a total transaction of $42,703.80. Following the transaction, the senior vice president now owns 185,290 shares in the company, valued at $763,394.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other eHealth news, CEO Francis S. Soistman, Jr. purchased 50,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $4.07 per share, with a total value of $203,500.00. Following the completion of the purchase, the chief executive officer now owns 907,875 shares in the company, valued at approximately $3,695,051.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Gavin G. Galimi purchased 10,365 shares of the stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $4.12 per share, for a total transaction of $42,703.80. Following the completion of the acquisition, the senior vice president now directly owns 185,290 shares of the company’s stock, valued at approximately $763,394.80. The disclosure for this purchase can be found here. Insiders have bought a total of 80,365 shares of company stock worth $329,404 in the last ninety days. 4.10% of the stock is owned by insiders.

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.