Mirae Asset Global Investments Co. Ltd. Has $630,000 Stake in eHealth, Inc. (NASDAQ:EHTH)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of eHealth, Inc. (NASDAQ:EHTH) by 101.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 72,247 shares of the financial services provider’s stock after buying an additional 36,449 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.25% of eHealth worth $630,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Acadian Asset Management LLC grew its position in shares of eHealth by 25.7% during the 3rd quarter. Acadian Asset Management LLC now owns 481,454 shares of the financial services provider’s stock worth $3,561,000 after buying an additional 98,338 shares during the period. DSC Advisors L.P. grew its position in shares of eHealth by 7.9% during the 3rd quarter. DSC Advisors L.P. now owns 410,000 shares of the financial services provider’s stock worth $3,034,000 after buying an additional 30,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of eHealth by 93.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 109,810 shares of the financial services provider’s stock worth $813,000 after buying an additional 53,141 shares during the period. SG Americas Securities LLC acquired a new stake in shares of eHealth during the 4th quarter worth approximately $107,000. Finally, Brandywine Global Investment Management LLC acquired a new stake in eHealth in the 3rd quarter valued at $97,000. Institutional investors and hedge funds own 79.54% of the company’s stock.

Analysts Set New Price Targets

Separately, Craig Hallum downgraded shares of eHealth from a “buy” rating to a “hold” rating and set a $7.00 price objective on the stock. in a report on Thursday, January 18th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, eHealth currently has an average rating of “Hold” and a consensus price target of $10.00.

eHealth Trading Down 2.2 %

NASDAQ:EHTH opened at $4.42 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a 50-day moving average of $5.77 and a 200-day moving average of $7.09. The company has a market cap of $127.91 million, a PE ratio of -1.70 and a beta of 0.40. eHealth, Inc. has a one year low of $4.28 and a one year high of $10.31.

eHealth (NASDAQ:EHTH) last posted its earnings results on Tuesday, February 27th. The financial services provider reported $1.27 EPS for the quarter, missing the consensus estimate of $1.83 by ($0.56). The business had revenue of $247.70 million for the quarter, compared to the consensus estimate of $244.93 million. eHealth had a negative return on equity of 5.54% and a negative net margin of 6.23%. The company’s revenue was up 26.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 earnings per share. As a group, equities research analysts expect that eHealth, Inc. will post -0.99 EPS for the current fiscal year.

eHealth Company Profile

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 Employer and Individual. The 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 for marketing and other services.