Jane Street Group LLC Purchases 32,990 Shares of eHealth, Inc. (NASDAQ:EHTH)

Jane Street Group LLC grew its position in shares of eHealth, Inc. (NASDAQ:EHTH) by 43.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 108,818 shares of the financial services provider’s stock after buying an additional 32,990 shares during the quarter. Jane Street Group LLC owned 0.37% of eHealth worth $1,023,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of eHealth during the 4th quarter worth approximately $1,193,000. Quinn Opportunity Partners LLC increased its stake in shares of eHealth by 154.8% during the 4th quarter. Quinn Opportunity Partners LLC now owns 79,000 shares of the financial services provider’s stock worth $743,000 after purchasing an additional 48,000 shares during the last quarter. AMH Equity Ltd purchased a new stake in shares of eHealth during the 4th quarter worth approximately $426,000. Truffle Hound Capital LLC purchased a new stake in shares of eHealth during the 4th quarter worth approximately $658,000. Finally, JPMorgan Chase & Co. increased its stake in shares of eHealth by 2,348.6% during the 4th quarter. JPMorgan Chase & Co. now owns 97,601 shares of the financial services provider’s stock worth $917,000 after purchasing an additional 93,615 shares during the last quarter. Institutional investors own 79.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. UBS Group decreased their price target on shares of eHealth from $9.50 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $11.00 price objective on shares of eHealth in a research note on Monday. Finally, Wall Street Zen lowered shares of eHealth from a “buy” rating to a “hold” rating in a research note on Sunday, May 11th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.75.

eHealth Stock Down 2.0%

eHealth stock opened at $4.48 on Friday. eHealth, Inc. has a 1-year low of $3.58 and a 1-year high of $11.36. The firm has a market capitalization of $135.86 million, a price-to-earnings ratio of -1.57 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. The firm has a 50 day simple moving average of $5.89 and a 200 day simple moving average of $7.32.

eHealth (NASDAQ:EHTH) last released 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. eHealth had a negative net margin of 7.58% and a negative return on equity of 5.70%. The business had revenue of $113.12 million during the quarter, compared to analyst estimates of $99.46 million. On average, analysts predict that eHealth, Inc. will post -2.17 earnings per share for the current year.

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.