Cowen Prime Services LLC decreased its position in shares of eHealth, Inc. (NASDAQ:EHTH) by 96.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 15,446 shares of the financial services provider’s stock after selling 439,941 shares during the period. eHealth comprises about 1.2% of Cowen Prime Services LLC’s holdings, making the stock its 20th largest holding. Cowen Prime Services LLC owned about 0.07% of eHealth worth $248,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of EHTH. Quantamental Technologies LLC bought a new position in shares of eHealth during the 1st quarter valued at $29,000. Macquarie Group Ltd. purchased a new stake in shares of eHealth in the 4th quarter worth $27,000. Meeder Asset Management Inc. purchased a new stake in shares of eHealth in the 1st quarter worth $67,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of eHealth in the 4th quarter worth $42,000. Finally, LS Investment Advisors LLC increased its stake in shares of eHealth by 316.8% in the 4th quarter. LS Investment Advisors LLC now owns 1,980 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 1,505 shares in the last quarter. Hedge funds and other institutional investors own 84.55% of the company’s stock.
Shares of eHealth stock traded up $0.85 during trading on Wednesday, reaching $65.53. 277,264 shares of the stock traded hands, compared to its average volume of 559,727. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 104.02 and a beta of 1.33. eHealth, Inc. has a 52-week low of $18.35 and a 52-week high of $73.71.
eHealth (NASDAQ:EHTH) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.49. eHealth had a negative net margin of 0.03% and a positive return on equity of 5.82%. The firm had revenue of $68.80 million during the quarter, compared to the consensus estimate of $51.61 million. During the same quarter last year, the firm earned ($0.07) EPS. The firm’s revenue for the quarter was up 59.6% compared to the same quarter last year. Sell-side analysts forecast that eHealth, Inc. will post 1.17 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on EHTH shares. Chardan Capital restated a “buy” rating and issued a $65.00 price objective (up from $40.00) on shares of eHealth in a research note on Thursday, January 24th. BidaskClub lowered eHealth from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 25th. SunTrust Banks increased their price target on eHealth to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. ValuEngine upgraded eHealth from a “hold” rating to a “buy” rating in a research note on Saturday, February 2nd. Finally, Royal Bank of Canada increased their price target on eHealth from $57.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 20th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $86.57.
In other eHealth news, CFO Derek N. Yung purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, February 27th. The stock was purchased at an average price of $55.36 per share, with a total value of $110,720.00. Following the acquisition, the chief financial officer now owns 45,750 shares in the company, valued at $2,532,720. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott N. Flanders sold 34,005 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $60.95, for a total transaction of $2,072,604.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,342 shares of company stock valued at $2,773,081. 4.14% of the stock is owned by insiders.
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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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