D. E. Shaw & Co. Inc. Buys 71,823 Shares of eHealth, Inc. (NASDAQ:EHTH)

D. E. Shaw & Co. Inc. boosted its stake in eHealth, Inc. (NASDAQ:EHTH) by 38.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 256,421 shares of the financial services provider’s stock after purchasing an additional 71,823 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.87% of eHealth worth $2,410,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Balyasny Asset Management L.P. bought a new position in eHealth in the 4th quarter worth about $161,000. Bank of America Corp DE boosted its stake in eHealth by 104.6% in the 4th quarter. Bank of America Corp DE now owns 35,570 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 18,187 shares during the period. Ancora Advisors LLC bought a new position in eHealth in the 4th quarter worth about $302,000. 683 Capital Management LLC bought a new position in eHealth in the 4th quarter worth about $470,000. Finally, Jane Street Group LLC boosted its stake in eHealth by 43.5% in the 4th quarter. Jane Street Group LLC now owns 108,818 shares of the financial services provider’s stock worth $1,023,000 after purchasing an additional 32,990 shares during the period. Institutional investors own 79.54% of the company’s stock.

eHealth Stock Performance

Shares of NASDAQ EHTH opened at $4.72 on Wednesday. The stock has a market cap of $143.14 million, a price-to-earnings ratio of -1.66 and a beta of 1.11. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.14. eHealth, Inc. has a 1-year low of $3.58 and a 1-year high of $11.36. The stock’s 50-day moving average is $6.02 and its 200 day moving average is $7.35.

eHealth (NASDAQ:EHTH) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.08. The company had revenue of $113.12 million for the quarter, compared to analysts’ expectations of $99.46 million. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. On average, sell-side analysts anticipate that eHealth, Inc. will post -2.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $11.00 price target on shares of eHealth in a report on Monday. UBS Group lowered their price target on eHealth from $9.50 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Finally, StockNews.com cut eHealth from a “buy” rating to a “hold” rating in a report on Sunday, May 11th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.75.

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.