Tower Research Capital LLC TRC Sells 5,330 Shares of eHealth, Inc. (NASDAQ:EHTH)

Tower Research Capital LLC TRC lessened its holdings in eHealth, Inc. (NASDAQ:EHTH) by 58.9% during the fourth quarter, HoldingsChannel reports. The firm owned 3,712 shares of the financial services provider’s stock after selling 5,330 shares during the quarter. Tower Research Capital LLC TRC’s holdings in eHealth were worth $35,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Jump Financial LLC raised its position in shares of eHealth by 34.8% during the fourth quarter. Jump Financial LLC now owns 29,710 shares of the financial services provider’s stock worth $279,000 after acquiring an additional 7,678 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of eHealth in the fourth quarter worth approximately $145,000. Quinn Opportunity Partners LLC lifted its holdings in shares of eHealth by 154.8% in the fourth quarter. Quinn Opportunity Partners LLC now owns 79,000 shares of the financial services provider’s stock valued at $743,000 after purchasing an additional 48,000 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of eHealth during the fourth quarter valued at approximately $1,193,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of eHealth in the fourth quarter valued at about $251,000. 79.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on EHTH shares. StockNews.com downgraded eHealth from a “buy” rating to a “hold” rating in a research note on Sunday. UBS Group lowered their price target on shares of eHealth from $9.50 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.75.

eHealth Trading Down 8.7%

Shares of EHTH opened at $4.53 on Thursday. The business’s 50-day moving average price is $6.29 and its 200-day moving average price is $7.34. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.14. eHealth, Inc. has a twelve month low of $3.58 and a twelve month high of $11.36. The stock has a market cap of $137.38 million, a PE ratio of -1.59 and a beta of 1.11.

eHealth (NASDAQ:EHTH) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.08. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. The business had revenue of $113.12 million for the quarter, compared to the consensus estimate of $99.46 million. On average, equities analysts forecast that eHealth, Inc. will post -2.17 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.