eHealth, Inc. (NASDAQ:EHTH) Short Interest Down 8.8% in September

eHealth, Inc. (NASDAQ:EHTH) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 474,500 shares, a drop of 8.8% from the September 15th total of 520,500 shares. Based on an average daily volume of 177,500 shares, the short-interest ratio is presently 2.7 days.

eHealth Stock Performance

eHealth stock traded up $0.05 during mid-day trading on Thursday, reaching $4.92. 122,662 shares of the company were exchanged, compared to its average volume of 264,829. The firm has a market cap of $143.29 million, a P/E ratio of -1.93 and a beta of 0.53. The business has a fifty day moving average of $4.13 and a 200 day moving average of $4.66. eHealth has a 12-month low of $3.58 and a 12-month high of $9.45.

eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($1.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.85) by ($0.38). eHealth had a negative return on equity of 4.03% and a negative net margin of 6.32%. The company had revenue of $65.86 million for the quarter, compared to analysts’ expectations of $55.79 million. Sell-side analysts predict that eHealth will post -1.51 EPS for the current year.

Analyst Ratings Changes

EHTH has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on eHealth from $5.00 to $2.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. Craig Hallum reduced their price target on shares of eHealth from $6.00 to $5.00 and set a “hold” rating for the company in a report on Thursday, August 8th.

Insiders Place Their Bets

In related news, CEO Francis S. Soistman, Jr. purchased 50,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $4.07 per share, for a total transaction of $203,500.00. Following the completion of the acquisition, the chief executive officer now owns 907,875 shares in the company, valued at approximately $3,695,051.25. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, SVP Gavin G. Galimi acquired 10,365 shares of eHealth stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $4.12 per share, for a total transaction of $42,703.80. Following the acquisition, the senior vice president now directly owns 185,290 shares of the company’s stock, valued at $763,394.80. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Francis S. Soistman, Jr. bought 50,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $4.07 per share, with a total value of $203,500.00. Following the completion of the transaction, the chief executive officer now owns 907,875 shares in the company, valued at $3,695,051.25. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 80,365 shares of company stock worth $329,404 over the last quarter. Company insiders own 4.10% of the company’s stock.

Institutional Trading of eHealth

A number of institutional investors have recently modified their holdings of EHTH. Marshall Wace LLP purchased a new stake in eHealth during the second quarter valued at approximately $675,000. Cubist Systematic Strategies LLC lifted its holdings in shares of eHealth by 307.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 175,878 shares of the financial services provider’s stock valued at $797,000 after purchasing an additional 132,720 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of eHealth by 104.7% in the 2nd quarter. Renaissance Technologies LLC now owns 257,600 shares of the financial services provider’s stock worth $1,167,000 after purchasing an additional 131,772 shares in the last quarter. GSA Capital Partners LLP purchased a new position in eHealth during the 1st quarter worth $472,000. Finally, Los Angeles Capital Management LLC increased its position in eHealth by 77.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 158,171 shares of the financial services provider’s stock valued at $717,000 after buying an additional 69,246 shares in the last quarter. 79.54% of the stock is currently owned by institutional investors.

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.