Ameriprise Financial Inc. raised its position in eHealth, Inc. (NASDAQ:EHTH) by 4.7% during the first quarter, Holdings Channel reports. The fund owned 86,870 shares of the financial services provider’s stock after buying an additional 3,920 shares during the period. Ameriprise Financial Inc.’s holdings in eHealth were worth $1,046,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Two Sigma Investments LP raised its stake in shares of eHealth by 290.7% in the fourth quarter. Two Sigma Investments LP now owns 80,674 shares of the financial services provider’s stock worth $859,000 after buying an additional 60,023 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of eHealth by 4.7% in the fourth quarter. Renaissance Technologies LLC now owns 789,500 shares of the financial services provider’s stock worth $8,408,000 after buying an additional 35,800 shares during the last quarter. State Street Corp raised its stake in shares of eHealth by 6.3% in the fourth quarter. State Street Corp now owns 350,109 shares of the financial services provider’s stock worth $3,725,000 after buying an additional 20,695 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of eHealth by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 588,665 shares of the financial services provider’s stock worth $6,269,000 after buying an additional 19,629 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of eHealth by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 159,009 shares of the financial services provider’s stock worth $1,915,000 after buying an additional 3,931 shares during the last quarter. Institutional investors and hedge funds own 93.51% of the company’s stock.

Shares of eHealth, Inc. (NASDAQ:EHTH) opened at 18.84 on Tuesday. The firm has a market cap of $347.24 million, a P/E ratio of 33.11 and a beta of 1.59. The company’s 50 day moving average price is $18.19 and its 200-day moving average price is $13.42. eHealth, Inc. has a 12-month low of $6.38 and a 12-month high of $19.53.

eHealth (NASDAQ:EHTH) last released its quarterly earnings results on Thursday, April 27th. The financial services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $1.55. The firm had revenue of $78.94 million for the quarter, compared to the consensus estimate of $69.97 million. eHealth had a return on equity of 11.84% and a net margin of 5.47%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 EPS. On average, equities research analysts anticipate that eHealth, Inc. will post ($1.01) EPS for the current year.

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A number of equities research analysts recently commented on EHTH shares. Cantor Fitzgerald reaffirmed a “buy” rating and set a $15.00 target price on shares of eHealth in a report on Thursday, March 23rd. TheStreet raised eHealth from a “d+” rating to a “c” rating in a report on Thursday, April 27th. Zacks Investment Research raised eHealth from a “hold” rating to a “strong-buy” rating and set a $20.00 target price for the company in a report on Tuesday, May 9th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $11.50 target price on shares of eHealth in a report on Thursday, March 30th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $18.00.

In related news, insider James E. Flynn sold 426,954 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $11.66, for a total transaction of $4,978,283.64. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.26% of the company’s stock.

eHealth Company Profile

eHealth, Inc provides a private online source of health insurance for individuals, families and small businesses. The Company is the parent company of eHealthInsurance, a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers side-by-side, and purchase and enroll in coverage online through its Websites (www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com) or telephonically through its customer care centers.

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Institutional Ownership by Quarter for eHealth (NASDAQ:EHTH)

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