Allspring Global Investments Holdings LLC boosted its holdings in shares of eHealth, Inc. (NASDAQ:EHTH – Free Report) by 148.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,689 shares of the financial services provider’s stock after purchasing an additional 2,207 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in eHealth were worth $27,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in eHealth by 258.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,425 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 3,190 shares in the last quarter. Royal Bank of Canada lifted its position in shares of eHealth by 34.4% in the second quarter. Royal Bank of Canada now owns 4,854 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 1,243 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of eHealth by 50.6% in the first quarter. PNC Financial Services Group Inc. now owns 3,692 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 1,241 shares in the last quarter. UBS Group AG lifted its position in shares of eHealth by 1,573.8% in the fourth quarter. UBS Group AG now owns 9,457 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 8,892 shares in the last quarter. Finally, Alpine Global Management LLC purchased a new position in shares of eHealth in the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 75.58% of the company’s stock.
eHealth Price Performance
NASDAQ:EHTH opened at $6.79 on Wednesday. eHealth, Inc. has a one year low of $4.81 and a one year high of $10.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.98 and a current ratio of 3.98. The stock has a market cap of $192.56 million, a PE ratio of -1.96 and a beta of 0.41. The stock has a 50 day moving average price of $7.74 and a 200 day moving average price of $7.85.
Wall Street Analyst Weigh In
Separately, Craig Hallum downgraded eHealth from a “buy” rating to a “hold” rating and set a $7.00 target price on the stock. in a research report on Thursday, January 18th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.00.
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 Individual, Family and Small Business. 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.
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