Short Interest in eHealth, Inc. (NASDAQ:EHTH) Expands By 9.0%

eHealth, Inc. (NASDAQ:EHTH) was the recipient of a significant 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 trading volume of 286,600 shares, the short-interest ratio is currently 4.2 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Oak Thistle LLC purchased a new position in shares of eHealth in the 3rd quarter worth approximately $85,000. Bank of New York Mellon Corp lifted its position 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 worth $1,248,000 after purchasing an additional 7,843 shares in 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 valued at $265,000 after purchasing an additional 5,366 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of 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 worth $27,000 after acquiring an additional 2,207 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in eHealth in the third quarter valued at $134,000. 79.54% of the stock is currently owned by institutional investors.

eHealth Price Performance

EHTH traded down $0.12 during trading on Tuesday, hitting $4.32. 86,403 shares of the stock traded hands, compared to its average volume of 299,699. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.88 and a quick ratio of 1.88. eHealth has a twelve month low of $4.28 and a twelve month high of $10.31. The company has a market cap of $125.02 million, a price-to-earnings ratio of -1.71 and a beta of 0.40. The business has a 50 day moving average price of $5.68 and a 200 day moving average price of $7.02.

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

Analysts Set New Price Targets

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