State of Tennessee Treasury Department held its position in shares of eHealth, Inc. (NASDAQ:EHTH) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,765 shares of the financial services provider’s stock at the end of the 2nd quarter. State of Tennessee Treasury Department owned approximately 0.09% of eHealth worth $315,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EHTH. Redmile Group LLC lifted its position in shares of eHealth by 19.4% in the first quarter. Redmile Group LLC now owns 1,191,334 shares of the financial services provider’s stock valued at $14,344,000 after acquiring an additional 193,713 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of eHealth by 5.9% during the first quarter. Vanguard Group Inc. now owns 932,496 shares of the financial services provider’s stock valued at $11,227,000 after acquiring an additional 52,357 shares during the last quarter. Cannell Capital LLC boosted its stake in shares of eHealth by 37.2% during the first quarter. Cannell Capital LLC now owns 916,364 shares of the financial services provider’s stock valued at $11,033,000 after acquiring an additional 248,417 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of eHealth by 11.3% during the first quarter. Renaissance Technologies LLC now owns 878,900 shares of the financial services provider’s stock valued at $10,582,000 after acquiring an additional 89,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of eHealth by 9.6% during the first quarter. Dimensional Fund Advisors LP now owns 645,432 shares of the financial services provider’s stock valued at $7,771,000 after acquiring an additional 56,767 shares during the last quarter. Institutional investors and hedge funds own 90.19% of the company’s stock.

eHealth, Inc. (EHTH) opened at 24.46 on Wednesday. eHealth, Inc. has a one year low of $6.38 and a one year high of $25.65. The stock’s market capitalization is $453.37 million. The stock’s 50 day moving average is $22.51 and its 200 day moving average is $17.77.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported ($0.92) earnings per share for the quarter, missing the consensus estimate of ($0.75) by ($0.17). eHealth had a negative net margin of 3.44% and a negative return on equity of 5.64%. The business had revenue of $28.00 million for the quarter, compared to analyst estimates of $29.25 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The firm’s quarterly revenue was down 24.9% on a year-over-year basis. On average, equities analysts forecast that eHealth, Inc. will post ($0.94) EPS for the current year.

In other news, Director Jack L. Oliver III sold 14,745 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $16.79, for a total value of $247,568.55. Following the completion of the sale, the director now directly owns 51,375 shares of the company’s stock, valued at $862,586.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.26% of the company’s stock.

EHTH has been the subject of several analyst reports. TheStreet downgraded shares of eHealth from a “c” rating to a “d+” rating in a research note on Thursday, July 27th. BidaskClub raised shares of eHealth from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised shares of eHealth from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Cantor Fitzgerald reiterated a “buy” rating and set a $20.00 price target on shares of eHealth in a report on Thursday, July 27th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $18.00 price target on shares of eHealth in a report on Friday, July 14th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.50.

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eHealth Profile

eHealth, Inc provides a private online source of health insurance for individuals, families and small businesses. The Company is the parent company of eHealthInsurance, a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers side-by-side, and purchase and enroll in coverage online through its Websites (www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com) or telephonically through its customer care centers.

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Institutional Ownership by Quarter for eHealth (NASDAQ:EHTH)

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