Nantahala Capital Management LLC Takes Position in eHealth, Inc. $EHTH

Nantahala Capital Management LLC acquired a new position in shares of eHealth, Inc. (NASDAQ:EHTH) in the second quarter, Holdings Channel reports. The fund acquired 1,761,441 shares of the financial services provider’s stock, valued at approximately $2,624,547. Nantahala Capital Management LLC owned about 0.05% of eHealth at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Founders Financial Securities LLC bought a new position in eHealth during the first quarter worth about $25,000. Callan Family Office LLC acquired a new stake in eHealth during the second quarter valued at approximately $26,000. Cetera Investment Advisers bought a new stake in shares of eHealth in the 1st quarter valued at approximately $27,000. The Manufacturers Life Insurance Company bought a new stake in shares of eHealth in the 2nd quarter valued at approximately $48,000. Finally, Bank of America Corp DE raised its holdings in shares of eHealth by 1,265.8% in the 2nd quarter. Bank of America Corp DE now owns 11,186 shares of the financial services provider’s stock worth $49,000 after buying an additional 10,367 shares in the last quarter. 79.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. UBS Group decreased their price target on eHealth from $2.00 to $1.75 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of eHealth in a research note on Thursday, August 13th. Royal Bank Of Canada cut their price objective on eHealth from $3.00 to $2.00 and set a “sector perform” rating for the company in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $3.00 target price on shares of eHealth in a research note on Friday, May 8th. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $2.19.

eHealth Stock Up 5.3%

Shares of NASDAQ EHTH opened at $1.20 on Friday. The firm’s 50-day simple moving average is $1.41 and its 200 day simple moving average is $1.55. The company has a market cap of $38.44 million, a price-to-earnings ratio of -1.03 and a beta of 1.49. The company has a quick ratio of 5.12, a current ratio of 5.12 and a debt-to-equity ratio of 0.21. eHealth, Inc. has a 12-month low of $1.14 and a 12-month high of $5.89.

eHealth (NASDAQ:EHTH) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported ($1.18) EPS for the quarter, missing the consensus estimate of ($0.84) by ($0.34). The company had revenue of $33.57 million for the quarter, compared to the consensus estimate of $33.28 million. eHealth had a net margin of 5.42% and a return on equity of 6.13%. On average, research analysts expect that eHealth, Inc. will post 0.8 earnings per share for the current fiscal year.

eHealth Profile

eHealth, Inc operates one of the largest online private health insurance exchanges in the United States. The company’s platform enables consumers to compare, select and enroll in individual, family and small-group health insurance plans offered by a broad network of licensed insurance carriers. In addition to Affordable Care Act–compliant offerings, eHealth provides dedicated services for Medicare Advantage, Medicare Supplement and Medicare Part D prescription drug plans, helping seniors navigate the complexities of Medicare coverage.

Through its digital marketplace, eHealth delivers real-time quotes, detailed plan comparisons and enrollment processing.