Peregrine Capital Management LLC bought a new stake in shares of eHealth, Inc. (NASDAQ:EHTH) in the 3rd quarter, Holdings Channel reports. The firm bought 171,270 shares of the financial services provider’s stock, valued at approximately $4,840,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its stake in eHealth by 2.2% during the first quarter. BlackRock Inc. now owns 2,164,085 shares of the financial services provider’s stock valued at $30,968,000 after acquiring an additional 46,141 shares during the period. Principal Financial Group Inc. increased its stake in eHealth by 2.4% during the first quarter. Principal Financial Group Inc. now owns 125,608 shares of the financial services provider’s stock valued at $1,797,000 after acquiring an additional 2,981 shares during the period. A.R.T. Advisors LLC bought a new position in eHealth during the first quarter valued at about $275,000. National Investment Services Inc. WI bought a new position in eHealth during the second quarter valued at about $670,000. Finally, Gilder Gagnon Howe & Co. LLC bought a new position in eHealth during the second quarter valued at about $2,084,000. Institutional investors own 90.28% of the company’s stock.

In other news, Director Jack L. Oliver III sold 30,750 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $24.82, for a total value of $763,215.00. Following the sale, the director now directly owns 38,637 shares in the company, valued at approximately $958,970.34. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ellen O. Tauscher sold 31,857 shares of the company’s stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $23.16, for a total value of $737,808.12. The disclosure for this sale can be found here. Corporate insiders own 4.14% of the company’s stock.

EHTH has been the topic of several research reports. Chardan Capital initiated coverage on eHealth in a research note on Thursday, August 16th. They set a “buy” rating and a $40.00 price target on the stock. BidaskClub lowered eHealth from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 8th. ValuEngine upgraded eHealth from a “hold” rating to a “buy” rating in a research note on Friday, July 6th. Zacks Investment Research upgraded eHealth from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $26.00 price target on shares of eHealth in a research note on Friday, July 27th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $29.50.

Shares of EHTH opened at $30.26 on Tuesday. eHealth, Inc. has a 12-month low of $13.61 and a 12-month high of $32.96.

eHealth (NASDAQ:EHTH) last released its quarterly earnings data on Thursday, July 26th. The financial services provider reported ($0.40) earnings per share for the quarter, beating the consensus estimate of ($0.45) by $0.05. eHealth had a negative return on equity of 30.53% and a negative net margin of 41.39%. The company had revenue of $32.66 million for the quarter, compared to analyst estimates of $34.11 million. As a group, equities research analysts predict that eHealth, Inc. will post 0.17 earnings per share for the current year.

About eHealth

eHealth, Inc provides private online 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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