eHealth, Inc. (NASDAQ:EHTH) Short Interest Update

eHealth, Inc. (NASDAQ:EHTHGet Rating) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 1,900,000 shares, a decline of 23.7% from the March 15th total of 2,490,000 shares. Based on an average daily trading volume, of 629,400 shares, the short-interest ratio is currently 3.0 days.

A number of research analysts have commented on EHTH shares. Craig Hallum lowered their target price on eHealth from $33.00 to $15.00 in a research note on Wednesday, March 2nd. Barclays downgraded eHealth from an “overweight” rating to an “equal weight” rating and set a $22.00 price target for the company. in a research note on Tuesday, January 18th. Truist Financial downgraded eHealth from a “buy” rating to a “hold” rating and set a $15.00 price target for the company. in a research note on Wednesday, March 2nd. started coverage on eHealth in a research note on Thursday, March 31st. They set a “sell” rating for the company. Finally, Credit Suisse Group decreased their price target on eHealth from $31.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday, March 3rd. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $18.57.

NASDAQ:EHTH traded down $0.63 during mid-day trading on Monday, hitting $8.77. 10,984 shares of the company’s stock traded hands, compared to its average volume of 607,008. The firm has a 50 day moving average of $12.81 and a two-hundred day moving average of $24.01. The firm has a market capitalization of $234.81 million, a price-to-earnings ratio of -1.91 and a beta of 0.09. eHealth has a 12 month low of $9.28 and a 12 month high of $78.00.

eHealth (NASDAQ:EHTHGet Rating) last posted its quarterly earnings results on Tuesday, March 1st. The financial services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.37). The firm had revenue of $243.51 million during the quarter, compared to analyst estimates of $251.76 million. eHealth had a negative net margin of 19.39% and a negative return on equity of 7.99%. The company’s revenue was down 17.0% on a year-over-year basis. During the same period last year, the company earned $2.21 EPS. On average, equities analysts forecast that eHealth will post -3.33 earnings per share for the current year.

In other eHealth news, insider Phillip A. Morelock sold 7,000 shares of the business’s stock in a transaction dated Friday, March 4th. The stock was sold at an average price of $11.75, for a total value of $82,250.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.00% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of EHTH. Cannell Capital LLC acquired a new position in eHealth in the 3rd quarter valued at approximately $17,504,000. Russell Investments Group Ltd. acquired a new position in shares of eHealth in the 4th quarter worth approximately $8,328,000. Segall Bryant & Hamill LLC raised its holdings in shares of eHealth by 43.7% in the 4th quarter. Segall Bryant & Hamill LLC now owns 809,740 shares of the financial services provider’s stock worth $20,644,000 after buying an additional 246,152 shares in the last quarter. Norges Bank acquired a new position in shares of eHealth in the 4th quarter worth approximately $6,244,000. Finally, Maverick Capital Ltd. acquired a new position in shares of eHealth in the 3rd quarter worth approximately $9,096,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

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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