Gradient Investments LLC Acquires 1,442 Shares of eHealth, Inc. (NASDAQ:EHTH)

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Gradient Investments LLC lifted its holdings in shares of eHealth, Inc. (NASDAQ:EHTH) by 10.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 15,798 shares of the financial services provider’s stock after purchasing an additional 1,442 shares during the period. Gradient Investments LLC owned 0.07% of eHealth worth $1,055,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. State of Alaska Department of Revenue grew its holdings in shares of eHealth by 138.3% during the third quarter. State of Alaska Department of Revenue now owns 15,427 shares of the financial services provider’s stock worth $1,030,000 after purchasing an additional 8,954 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of eHealth during the second quarter worth $596,000. BlackRock Inc. grew its holdings in shares of eHealth by 1.0% during the second quarter. BlackRock Inc. now owns 2,952,554 shares of the financial services provider’s stock worth $254,213,000 after purchasing an additional 29,842 shares during the last quarter. Natixis bought a new stake in shares of eHealth during the second quarter worth $373,000. Finally, Perceptive Advisors LLC grew its holdings in shares of eHealth by 33.2% during the second quarter. Perceptive Advisors LLC now owns 385,982 shares of the financial services provider’s stock worth $33,233,000 after purchasing an additional 96,125 shares during the last quarter. Institutional investors own 97.99% of the company’s stock.

In other eHealth news, insider Robert S. Hurley sold 1,500 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $66.51, for a total value of $99,765.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Scott N. Flanders sold 99,516 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $104.29, for a total value of $10,378,523.64. The disclosure for this sale can be found here. In the last quarter, insiders purchased 4,000 shares of company stock worth $374,440 and sold 168,627 shares worth $17,476,948. 5.00% of the stock is owned by company insiders.

eHealth stock opened at $55.98 on Friday. The business’s 50-day simple moving average is $76.17 and its 200 day simple moving average is $77.14. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 88.86 and a beta of 1.07. eHealth, Inc. has a 12-month low of $27.15 and a 12-month high of $112.22. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.08.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.47. The business had revenue of $65.80 million for the quarter, compared to analysts’ expectations of $40.98 million. eHealth had a return on equity of 7.70% and a net margin of 1.99%. The business’s quarterly revenue was up 101.2% on a year-over-year basis. As a group, sell-side analysts expect that eHealth, Inc. will post 1.34 EPS for the current year.

EHTH has been the topic of several research analyst reports. Royal Bank of Canada increased their target price on eHealth from $89.00 to $111.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. ValuEngine cut eHealth from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. SunTrust Banks set a $150.00 target price on eHealth and gave the stock a “buy” rating in a report on Friday, September 6th. Deutsche Bank initiated coverage on eHealth in a report on Thursday, September 12th. They set a “buy” rating and a $173.00 target price on the stock. Finally, Zacks Investment Research cut eHealth from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $117.20.

About eHealth

eHealth, Inc provides private health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its e-commerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.

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Institutional Ownership by Quarter for eHealth (NASDAQ:EHTH)

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