Truffle Hound Capital LLC Invests $658,000 in eHealth, Inc. (NASDAQ:EHTH)

Truffle Hound Capital LLC bought a new position in eHealth, Inc. (NASDAQ:EHTH) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 70,000 shares of the financial services provider’s stock, valued at approximately $658,000.

A number of other institutional investors and hedge funds also recently modified their holdings of EHTH. AMH Equity Ltd purchased a new position in eHealth in the 4th quarter worth about $426,000. Jacobs Levy Equity Management Inc. lifted its stake in eHealth by 86.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 212,555 shares of the financial services provider’s stock valued at $867,000 after buying an additional 98,793 shares in the last quarter. Barclays PLC boosted its holdings in shares of eHealth by 104.3% in the third quarter. Barclays PLC now owns 47,445 shares of the financial services provider’s stock worth $194,000 after buying an additional 24,224 shares during the period. RBF Capital LLC increased its position in shares of eHealth by 29.0% in the third quarter. RBF Capital LLC now owns 443,141 shares of the financial services provider’s stock worth $1,808,000 after acquiring an additional 99,618 shares in the last quarter. Finally, Kera Capital Partners Inc. acquired a new stake in shares of eHealth during the fourth quarter valued at approximately $358,000. 79.54% of the stock is owned by institutional investors and hedge funds.

eHealth Stock Performance

Shares of EHTH opened at $7.17 on Friday. The company has a market capitalization of $214.69 million, a PE ratio of -2.52 and a beta of 0.44. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.10 and a current ratio of 3.10. The company’s 50 day moving average price is $9.33 and its 200 day moving average price is $6.89. eHealth, Inc. has a 52 week low of $3.58 and a 52 week high of $11.36.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $2.20 EPS for the quarter, beating the consensus estimate of $2.00 by $0.20. eHealth had a negative net margin of 7.58% and a negative return on equity of 5.70%. The business had revenue of $315.18 million for the quarter, compared to analysts’ expectations of $293.47 million. Research analysts expect that eHealth, Inc. will post -2.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EHTH. Royal Bank of Canada decreased their price objective on shares of eHealth from $13.00 to $11.00 and set a “sector perform” rating for the company in a research note on Monday, November 25th. StockNews.com raised eHealth from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, UBS Group started coverage on eHealth in a report on Wednesday, December 4th. They set a “neutral” rating and a $5.50 price target on the stock. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.38.

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.