eHealth, Inc. (NASDAQ:EHTH) Sees Significant Drop in Short Interest

eHealth, Inc. (NASDAQ:EHTH) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 1,110,000 shares, a decline of 9.0% from the March 15th total of 1,220,000 shares. Based on an average daily volume of 308,200 shares, the days-to-cover ratio is presently 3.6 days.

eHealth Trading Up 1.2 %

Shares of EHTH stock traded up $0.05 on Wednesday, reaching $4.34. 256,114 shares of the stock were exchanged, compared to its average volume of 307,442. The stock has a market cap of $125.60 million, a PE ratio of -1.66 and a beta of 0.40. eHealth has a one year low of $4.28 and a one year high of $10.31. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a 50 day moving average price of $6.10 and a 200 day moving average price of $7.24.

eHealth (NASDAQ:EHTH) last released its earnings results on Tuesday, February 27th. The financial services provider reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm 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 earned $1.01 EPS. The company’s revenue was up 26.2% compared to the same quarter last year. Equities research analysts forecast that eHealth will post -0.99 EPS for the current fiscal year.

Institutional Investors Weigh In On eHealth

A number of institutional investors have recently made changes to their positions in EHTH. 8 Knots Management LLC acquired a new stake in shares of eHealth during the fourth quarter worth $20,895,000. Findell Capital Management LLC acquired a new position in shares of eHealth during the 4th quarter worth approximately $12,862,000. Renaissance Technologies LLC increased its position in shares of eHealth by 269.7% during the 1st quarter. Renaissance Technologies LLC now owns 646,900 shares of the financial services provider’s stock worth $8,028,000 after purchasing an additional 471,905 shares during the last quarter. Marshall Wace LLP increased its position in shares of eHealth by 460.6% during the 3rd quarter. Marshall Wace LLP now owns 477,567 shares of the financial services provider’s stock worth $1,868,000 after purchasing an additional 392,372 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of eHealth by 79.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 750,717 shares of the financial services provider’s stock worth $6,036,000 after acquiring an additional 331,593 shares during the last quarter. 79.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

eHealth Company Profile

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.