eHealth, Inc. (NASDAQ:EHTH – Get Rating) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totalling 1,240,000 shares, a decrease of 25.7% from the May 31st total of 1,670,000 shares. Based on an average daily trading volume, of 639,600 shares, the short-interest ratio is currently 1.9 days. Approximately 5.0% of the shares of the company are sold short.
A number of equities analysts have recently issued reports on the company. StockNews.com assumed coverage on eHealth in a research note on Thursday, March 31st. They set a “sell” rating for the company. Deutsche Bank Aktiengesellschaft cut their target price on eHealth from $19.00 to $10.00 in a research note on Thursday, May 5th. Finally, Citigroup downgraded eHealth from a “buy” rating to a “neutral” rating and cut their target price for the stock from $37.00 to $15.00 in a research note on Monday, March 21st. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, eHealth has an average rating of “Hold” and a consensus price target of $17.29.
NASDAQ EHTH opened at $9.63 on Friday. eHealth has a 1-year low of $7.89 and a 1-year high of $60.29. The company has a market capitalization of $258.43 million, a P/E ratio of -1.60 and a beta of 0.34. The business has a 50 day moving average price of $10.14 and a 200 day moving average price of $14.70. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.12 and a quick ratio of 5.12.
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eHealth (NASDAQ:EHTH – Get Rating) last announced its earnings results on Tuesday, May 3rd. The financial services provider reported ($1.06) EPS for the quarter, beating analysts’ consensus estimates of ($1.26) by $0.20. The firm had revenue of $105.25 million for the quarter, compared to analysts’ expectations of $100.51 million. eHealth had a negative return on equity of 12.15% and a negative net margin of 26.77%. eHealth’s quarterly revenue was down 21.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.02 EPS. On average, research analysts expect that eHealth will post -3.51 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in EHTH. Invesco Ltd. grew its holdings in eHealth by 10.3% during the 3rd quarter. Invesco Ltd. now owns 63,520 shares of the financial services provider’s stock valued at $2,573,000 after buying an additional 5,954 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of eHealth by 116.2% during the third quarter. BNP Paribas Arbitrage SA now owns 33,512 shares of the financial services provider’s stock worth $1,357,000 after purchasing an additional 18,015 shares during the last quarter. Comerica Bank boosted its holdings in shares of eHealth by 2.3% during the third quarter. Comerica Bank now owns 24,909 shares of the financial services provider’s stock worth $1,112,000 after purchasing an additional 553 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of eHealth by 68.9% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,030 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 420 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of eHealth during the fourth quarter worth $8,328,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.
About eHealth (Get Rating)
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 Individual, Family and Small Business. Its ecommerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.
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