Eagle Asset Management Inc. Buys Shares of 485,720 eHealth, Inc. (NASDAQ:EHTH)

Eagle Asset Management Inc. purchased a new stake in shares of eHealth, Inc. (NASDAQ:EHTH) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 485,720 shares of the financial services provider’s stock, valued at approximately $32,441,000. Eagle Asset Management Inc. owned about 2.13% of eHealth at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Usca Ria LLC bought a new stake in shares of eHealth during the 3rd quarter valued at about $25,000. Cubist Systematic Strategies LLC bought a new stake in shares of eHealth during the 2nd quarter valued at about $46,000. Joseph P. Lucia & Associates LLC bought a new stake in eHealth in the 2nd quarter worth approximately $46,000. US Bancorp DE lifted its position in eHealth by 2,002.8% in the 2nd quarter. US Bancorp DE now owns 757 shares of the financial services provider’s stock worth $65,000 after buying an additional 721 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in eHealth by 31.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,458 shares of the financial services provider’s stock worth $97,000 after buying an additional 352 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

In other news, Director Beth A. Brooke purchased 1,000 shares of eHealth stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average cost of $82.24 per share, with a total value of $82,240.00. Following the completion of the purchase, the director now directly owns 2,460 shares in the company, valued at $202,310.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO David K. Francis sold 2,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $109.54, for a total value of $219,080.00. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 4,000 shares of company stock worth $374,440 and sold 13,513 shares worth $1,262,668. 5.00% of the stock is owned by corporate insiders.

A number of research firms recently weighed in on EHTH. Cantor Fitzgerald set a $120.00 target price on eHealth and gave the stock a “buy” rating in a research report on Friday, October 25th. Zacks Investment Research downgraded eHealth from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. First Analysis upgraded eHealth from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $106.00 to $136.00 in a research report on Monday, July 29th. SunTrust Banks set a $150.00 target price on eHealth and gave the stock a “buy” rating in a research report on Friday, September 6th. Finally, BidaskClub upgraded eHealth from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $114.73.

EHTH stock traded up $3.51 during midday trading on Friday, hitting $78.55. The company had a trading volume of 503,600 shares, compared to its average volume of 627,597. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 124.68 and a beta of 1.07. The stock’s 50 day moving average price is $65.49 and its 200 day moving average price is $77.32. eHealth, Inc. has a 52 week low of $31.42 and a 52 week high of $112.22. The company has a current ratio of 2.07, a quick ratio of 4.12 and a debt-to-equity ratio of 0.08.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported ($0.43) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.63) by $0.20. The company had revenue of $69.80 million for the quarter, compared to analysts’ expectations of $55.74 million. eHealth had a return on equity of 4.69% and a net margin of 1.22%. The firm’s revenue was up 71.1% on a year-over-year basis. Analysts predict that eHealth, Inc. will post 1.58 earnings per share for the current year.

eHealth Company Profile

eHealth, Inc provides private health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its e-commerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.

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Institutional Ownership by Quarter for eHealth (NASDAQ:EHTH)

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