eHealth, Inc. (EHTH) Short Interest Down 30.8% in October
eHealth, Inc. (NASDAQ:EHTH) saw a significant drop in short interest in October. As of October 13th, there was short interest totalling 379,626 shares, a drop of 30.8% from the September 29th total of 548,226 shares. Approximately 2.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 123,815 shares, the days-to-cover ratio is presently 3.1 days.
EHTH has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded eHealth from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Wednesday, July 12th. BidaskClub raised eHealth from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Cantor Fitzgerald reissued a “buy” rating and issued a $20.00 target price on shares of eHealth in a research report on Thursday, July 27th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $22.00 target price on shares of eHealth in a research report on Friday, October 20th. Finally, TheStreet raised eHealth from a “d+” rating to a “c” rating in a research report on Monday, October 16th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. eHealth presently has a consensus rating of “Hold” and a consensus price target of $23.17.
eHealth (EHTH) opened at 24.90 on Tuesday. The company’s market capitalization is $461.52 million. The stock’s 50 day moving average price is $23.73 and its 200 day moving average price is $19.47. eHealth has a 52 week low of $7.44 and a 52 week high of $25.83.
eHealth (NASDAQ:EHTH) last released its earnings results on Thursday, October 26th. The financial services provider reported ($0.98) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.73) by ($0.25). eHealth had a negative return on equity of 21.88% and a negative net margin of 11.94%. The firm had revenue of $26.62 million during the quarter, compared to analysts’ expectations of $25.55 million. During the same period in the prior year, the business earned ($0.23) earnings per share. The business’s quarterly revenue was down 17.0% compared to the same quarter last year. Analysts anticipate that eHealth will post ($1.03) earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in shares of eHealth by 131.4% in the first quarter. Bank of America Corp DE now owns 25,728 shares of the financial services provider’s stock worth $310,000 after acquiring an additional 14,610 shares during the period. Vanguard Group Inc. raised its position in 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 purchasing an additional 52,357 shares in the last quarter. Texas Permanent School Fund raised its position in eHealth by 1.3% during the second quarter. Texas Permanent School Fund now owns 12,245 shares of the financial services provider’s stock valued at $230,000 after purchasing an additional 160 shares in the last quarter. Renaissance Technologies LLC raised its position in 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 purchasing an additional 89,400 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in 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 purchasing an additional 56,767 shares in the last quarter. 90.00% of the stock is owned by hedge funds and other institutional investors.
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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