Truffle Hound Capital LLC Boosts Position in eHealth, Inc. (NASDAQ:EHTH)

Truffle Hound Capital LLC raised its holdings in shares of eHealth, Inc. (NASDAQ:EHTH) by 185.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,000 shares of the financial services provider’s stock after buying an additional 130,000 shares during the period. Truffle Hound Capital LLC owned about 0.66% of eHealth worth $1,336,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Millennium Management LLC boosted its holdings in eHealth by 83.3% in the 4th quarter. Millennium Management LLC now owns 404,912 shares of the financial services provider’s stock worth $3,806,000 after acquiring an additional 183,956 shares during the period. 683 Capital Management LLC acquired a new position in shares of eHealth during the fourth quarter worth $470,000. Raymond James Financial Inc. acquired a new position in shares of eHealth during the fourth quarter worth $1,193,000. Quinn Opportunity Partners LLC boosted its stake in shares of eHealth by 154.8% in the fourth quarter. Quinn Opportunity Partners LLC now owns 79,000 shares of the financial services provider’s stock valued at $743,000 after purchasing an additional 48,000 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in eHealth during the 4th quarter valued at $1,383,000. 79.54% of the stock is currently owned by hedge funds and other institutional investors.

eHealth Stock Performance

EHTH opened at $3.21 on Friday. The company has a market capitalization of $97.36 million, a P/E ratio of -3.28 and a beta of 1.06. The company has a 50-day moving average of $4.06 and a 200-day moving average of $6.35. eHealth, Inc. has a 1-year low of $3.20 and a 1-year high of $11.36.

eHealth (NASDAQ:EHTH) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.08. eHealth had a return on equity of 2.16% and a net margin of 4.14%. The firm had revenue of $113.12 million for the quarter, compared to analysts’ expectations of $99.46 million. As a group, sell-side analysts expect that eHealth, Inc. will post -2.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

EHTH has been the subject of a number of analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $11.00 price objective on shares of eHealth in a research report on Monday, May 19th. UBS Group reduced their price target on eHealth from $9.50 to $7.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Finally, Wall Street Zen downgraded 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. According to MarketBeat, eHealth currently has an average rating of “Hold” and a consensus price target of $6.75.

eHealth 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.