Assenagon Asset Management S.A. Purchases 58,540 Shares of eHealth, Inc. (NASDAQ:EHTH)

Assenagon Asset Management S.A. raised its position in shares of eHealth, Inc. (NASDAQ:EHTH) by 43.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 194,667 shares of the financial services provider’s stock after purchasing an additional 58,540 shares during the period. Assenagon Asset Management S.A. owned about 0.67% of eHealth worth $794,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of EHTH. ClariVest Asset Management LLC raised its position in shares of eHealth by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 99,737 shares of the financial services provider’s stock worth $452,000 after acquiring an additional 2,789 shares in the last quarter. American Century Companies Inc. raised its position in shares of eHealth by 15.5% in the 2nd quarter. American Century Companies Inc. now owns 38,170 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 5,120 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of eHealth by 76.7% in the 1st quarter. BNP Paribas Financial Markets now owns 13,323 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 5,782 shares in the last quarter. Algert Global LLC raised its position in shares of eHealth by 76.6% in the 2nd quarter. Algert Global LLC now owns 18,392 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 7,980 shares in the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of eHealth in the 2nd quarter worth $53,000. 79.54% of the stock is owned by institutional investors.

Insider Buying and Selling at eHealth

In other news, CFO John J. Stelben purchased 20,000 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average price of $4.16 per share, for a total transaction of $83,200.00. Following the purchase, the chief financial officer now owns 515,565 shares in the company, valued at $2,144,750.40. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO John J. Stelben bought 20,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $4.16 per share, for a total transaction of $83,200.00. Following the completion of the purchase, the chief financial officer now directly owns 515,565 shares of the company’s stock, valued at $2,144,750.40. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Francis S. Soistman, Jr. bought 50,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $4.07 per share, for a total transaction of $203,500.00. Following the purchase, the chief executive officer now directly owns 907,875 shares of the company’s stock, valued at approximately $3,695,051.25. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 80,365 shares of company stock worth $329,404. 4.10% of the stock is currently owned by insiders.

eHealth Price Performance

Shares of NASDAQ:EHTH opened at $4.86 on Friday. The business’s 50-day moving average is $4.29 and its 200 day moving average is $4.63. eHealth, Inc. has a 1 year low of $3.58 and a 1 year high of $9.45. The firm has a market capitalization of $142.91 million, a P/E ratio of -1.80 and a beta of 0.49.

eHealth (NASDAQ:EHTH) last posted its quarterly 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 firm had revenue of $65.86 million for the quarter, compared to analysts’ expectations of $55.79 million. eHealth had a negative net margin of 6.32% and a negative return on equity of 4.03%. On average, analysts expect that eHealth, Inc. will post -1.51 EPS for the current year.

Analyst Ratings Changes

EHTH has been the subject of several recent research reports. Craig Hallum reduced their price target on eHealth from $6.00 to $5.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. StockNews.com lowered eHealth from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on eHealth from $5.00 to $2.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th.

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.