Algert Global LLC Boosts Stock Position in eHealth, Inc. (NASDAQ:EHTH)

Algert Global LLC boosted its position in shares of eHealth, Inc. (NASDAQ:EHTH) by 76.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,392 shares of the financial services provider’s stock after acquiring an additional 7,980 shares during the period. Algert Global LLC owned 0.06% of eHealth worth $83,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DSC Advisors L.P. raised its position in shares of eHealth by 2.6% during the 2nd quarter. DSC Advisors L.P. now owns 600,000 shares of the financial services provider’s stock valued at $2,718,000 after purchasing an additional 15,000 shares during the period. Renaissance Technologies LLC increased its stake in eHealth by 104.7% in the 2nd quarter. Renaissance Technologies LLC now owns 257,600 shares of the financial services provider’s stock worth $1,167,000 after buying an additional 131,772 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in eHealth by 307.5% during the second quarter. Cubist Systematic Strategies LLC now owns 175,878 shares of the financial services provider’s stock valued at $797,000 after acquiring an additional 132,720 shares during the period. Los Angeles Capital Management LLC lifted its position in shares of eHealth by 77.9% in the second quarter. Los Angeles Capital Management LLC now owns 158,171 shares of the financial services provider’s stock valued at $717,000 after acquiring an additional 69,246 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of eHealth in the second quarter worth about $675,000. Institutional investors own 79.54% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at eHealth

In related news, SVP Gavin G. Galimi bought 10,365 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $4.12 per share, with a total value of $42,703.80. Following the transaction, the senior vice president now owns 185,290 shares in the company, valued at $763,394.80. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other eHealth news, CEO Francis S. Soistman, Jr. bought 50,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $4.07 per share, for a total transaction of $203,500.00. Following the completion of the transaction, the chief executive officer now owns 907,875 shares in the company, valued at $3,695,051.25. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Gavin G. Galimi acquired 10,365 shares of the stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $4.12 per share, with a total value of $42,703.80. Following the completion of the transaction, the senior vice president now owns 185,290 shares in the company, valued at $763,394.80. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 80,365 shares of company stock worth $329,404 over the last ninety days. Company insiders own 4.10% of the company’s stock.

eHealth Trading Up 1.1 %

Shares of EHTH stock opened at $4.53 on Friday. The stock has a market capitalization of $133.23 million, a price-to-earnings ratio of -1.68 and a beta of 0.53. eHealth, Inc. has a 12-month low of $3.58 and a 12-month high of $9.45. The stock’s 50-day moving average price is $4.10 and its 200-day moving average price is $4.69.

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