eHealth, Inc. (NASDAQ:EHTH) Short Interest Update

eHealth, Inc. (NASDAQ:EHTH) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 1,210,000 shares, a growth of 9.0% from the March 31st total of 1,110,000 shares. Based on an average daily volume of 286,600 shares, the short-interest ratio is currently 4.2 days.

eHealth Stock Down 2.7 %

Shares of EHTH stock traded down $0.12 during trading hours on Tuesday, hitting $4.32. 86,403 shares of the company were exchanged, compared to its average volume of 299,699. The business’s 50-day simple moving average is $5.68 and its two-hundred day simple moving average is $7.02. The stock has a market capitalization of $125.02 million, a price-to-earnings ratio of -1.71 and a beta of 0.40. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.88 and a current ratio of 1.88. eHealth has a one year low of $4.28 and a one year high of $10.31.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.56). eHealth had a negative return on equity of 5.54% and a negative net margin of 6.23%. The company had revenue of $247.70 million for the quarter, compared to the consensus estimate of $244.93 million. During the same quarter in the previous year, the firm posted $1.01 EPS. The business’s revenue for the quarter was up 26.2% compared to the same quarter last year. Sell-side analysts predict that eHealth will post -0.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Craig Hallum lowered eHealth from a “buy” rating to a “hold” rating and set a $7.00 price objective for the company. in a research note on Thursday, January 18th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.00.

Institutional Investors Weigh In On eHealth

Institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its position in eHealth by 148.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,689 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 2,207 shares during the last quarter. Jump Financial LLC boosted its position in shares of eHealth by 18.1% during the 4th quarter. Jump Financial LLC now owns 21,413 shares of the financial services provider’s stock valued at $187,000 after acquiring an additional 3,282 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in eHealth by 17.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,798 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 5,366 shares during the period. Bank of New York Mellon Corp increased its stake in shares of eHealth by 4.9% during the third quarter. Bank of New York Mellon Corp now owns 168,660 shares of the financial services provider’s stock valued at $1,248,000 after buying an additional 7,843 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in eHealth by 1,205.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,188 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 8,484 shares in the last quarter. 79.54% of the stock is owned by institutional investors.

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.