SkyView Investment Advisors LLC Raises Stock Holdings in eHealth, Inc. (NASDAQ:EHTH)

SkyView Investment Advisors LLC boosted its position in shares of eHealth, Inc. (NASDAQ:EHTH) by 28.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,000 shares of the financial services provider’s stock after acquiring an additional 6,694 shares during the quarter. SkyView Investment Advisors LLC owned 0.10% of eHealth worth $122,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EHTH. DSC Advisors L.P. increased its holdings in eHealth by 2.6% during the second quarter. DSC Advisors L.P. now owns 600,000 shares of the financial services provider’s stock valued at $2,718,000 after buying an additional 15,000 shares during the last quarter. RBF Capital LLC increased its holdings in eHealth by 29.0% in the 3rd 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. Renaissance Technologies LLC raised its stake in eHealth by 104.7% during the 2nd quarter. Renaissance Technologies LLC now owns 257,600 shares of the financial services provider’s stock worth $1,167,000 after acquiring an additional 131,772 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of eHealth by 86.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 212,555 shares of the financial services provider’s stock worth $867,000 after purchasing an additional 98,793 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of eHealth by 43.0% in the third quarter. Assenagon Asset Management S.A. now owns 194,667 shares of the financial services provider’s stock worth $794,000 after purchasing an additional 58,540 shares in the last quarter. 79.54% of the stock is owned by hedge funds and other institutional investors.

eHealth Stock Performance

EHTH stock opened at $5.69 on Friday. The company has a fifty day simple moving average of $5.07 and a two-hundred day simple moving average of $4.71. eHealth, Inc. has a 52 week low of $3.58 and a 52 week high of $9.45. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.14.

Analyst Upgrades and Downgrades

EHTH has been the subject of several recent analyst reports. Royal Bank of Canada dropped their target price on shares of eHealth from $13.00 to $11.00 and set a “sector perform” rating for the company in a report on Monday, November 25th. Craig Hallum raised eHealth from a “hold” rating to a “buy” rating and boosted their price target for the stock from $5.00 to $7.00 in a report on Wednesday, November 6th. UBS Group initiated coverage on shares of eHealth in a research report on Wednesday, December 4th. They set a “neutral” rating and a $5.50 price objective on the stock. Finally, StockNews.com upgraded shares of eHealth from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, eHealth currently has a consensus rating of “Hold” and an average target price of $6.38.

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.