eHealth, Inc. (NASDAQ:EHTH) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its holdings in eHealth, Inc. (NASDAQ:EHTH) by 43.0% in the third quarter, HoldingsChannel.com reports. The firm owned 194,667 shares of the financial services provider’s stock after buying an additional 58,540 shares during the quarter. Assenagon Asset Management S.A.’s holdings in eHealth were worth $794,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new position in eHealth in the 2nd quarter worth about $53,000. Point72 DIFC Ltd raised its holdings in shares of eHealth by 3,996.8% during the second quarter. Point72 DIFC Ltd now owns 12,741 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 12,430 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of eHealth by 76.7% during the first quarter. BNP Paribas Financial Markets now owns 13,323 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 5,782 shares during the last quarter. Algert Global LLC raised its holdings in shares of eHealth by 76.6% during the second quarter. Algert Global LLC now owns 18,392 shares of the financial services provider’s stock valued at $83,000 after acquiring an additional 7,980 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of eHealth by 15.5% during the second quarter. American Century Companies Inc. now owns 38,170 shares of the financial services provider’s stock valued at $173,000 after acquiring an additional 5,120 shares during the last quarter. Institutional investors and hedge funds own 79.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EHTH shares. Deutsche Bank Aktiengesellschaft reduced their target price on eHealth from $5.00 to $2.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. Craig Hallum reduced their target price on eHealth from $6.00 to $5.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Finally, StockNews.com cut eHealth from a “hold” rating to a “sell” rating in a report on Monday, October 28th.

Insider Activity at eHealth

In related news, CFO John J. Stelben purchased 20,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $4.16 per share, with a total value of $83,200.00. Following the completion of the acquisition, the chief financial officer now owns 515,565 shares in the company, valued at $2,144,750.40. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. In other eHealth news, SVP Gavin G. Galimi acquired 10,365 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average cost of $4.12 per share, for a total transaction of $42,703.80. Following the completion of the transaction, the senior vice president now owns 185,290 shares of the company’s stock, valued at approximately $763,394.80. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO John J. Stelben acquired 20,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $4.16 per share, with a total value of $83,200.00. Following the completion of the transaction, the chief financial officer now directly owns 515,565 shares of the company’s stock, valued at $2,144,750.40. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 80,365 shares of company stock valued at $329,404. 4.10% of the stock is currently owned by insiders.

eHealth Stock Performance

NASDAQ:EHTH opened at $4.86 on Friday. eHealth, Inc. has a one year low of $3.58 and a one year high of $9.45. The stock has a market cap of $142.91 million, a PE ratio of -1.80 and a beta of 0.49. The stock has a 50 day moving average price of $4.29 and a 200 day moving average price of $4.63.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($1.23) EPS for the quarter, missing the consensus estimate of ($0.85) by ($0.38). eHealth had a negative net margin of 6.32% and a negative return on equity of 4.03%. The company had revenue of $65.86 million during the quarter, compared to analyst estimates of $55.79 million. As a group, analysts predict that eHealth, Inc. will post -1.51 earnings per share for the current fiscal year.

About eHealth

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.