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

eHealth, Inc. (NASDAQ:EHTHGet Rating) saw a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 1,670,000 shares, a decline of 20.1% from the May 15th total of 2,090,000 shares. Currently, 6.7% of the shares of the company are short sold. Based on an average daily volume of 694,900 shares, the days-to-cover ratio is currently 2.4 days.

Shares of NASDAQ:EHTH traded down $0.47 on Thursday, hitting $9.14. The company had a trading volume of 2,757 shares, compared to its average volume of 669,813. The company has a current ratio of 5.12, a quick ratio of 5.12 and a debt-to-equity ratio of 0.09. The company has a market cap of $245.28 million, a PE ratio of -1.60 and a beta of 0.34. eHealth has a 52-week low of $7.89 and a 52-week high of $63.73. The business has a 50 day moving average of $10.09 and a 200 day moving average of $15.98.

eHealth (NASDAQ:EHTHGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The financial services provider reported ($1.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.26) by $0.20. eHealth had a negative net margin of 26.77% and a negative return on equity of 12.15%. The business had revenue of $105.25 million for the quarter, compared to the consensus estimate of $100.51 million. During the same quarter in the prior year, the firm posted $0.02 earnings per share. The company’s quarterly revenue was down 21.6% compared to the same quarter last year. As a group, equities analysts predict that eHealth will post -3.51 EPS for the current year.

A number of equities analysts recently issued reports on EHTH shares. Citigroup lowered eHealth from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $37.00 to $15.00 in a report on Monday, March 21st. StockNews.com assumed coverage on eHealth in a research note on Thursday, March 31st. They issued a “sell” rating on the stock. Craig Hallum cut their price target on eHealth from $33.00 to $15.00 in a research note on Wednesday, March 2nd. Truist Financial lowered shares of eHealth from a “buy” rating to a “hold” rating and set a $15.00 price objective on the stock. in a research report on Wednesday, March 2nd. Finally, Credit Suisse Group cut their price objective on shares of eHealth from $31.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, March 3rd. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $17.29.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in eHealth by 269.7% in the first quarter. Renaissance Technologies LLC now owns 646,900 shares of the financial services provider’s stock valued at $8,028,000 after purchasing an additional 471,905 shares during the period. Russell Investments Group Ltd. purchased a new position in eHealth in the 4th quarter valued at about $8,328,000. Federated Hermes Inc. purchased a new position in eHealth in the first quarter valued at about $3,202,000. Segall Bryant & Hamill LLC grew its position in shares of eHealth by 43.7% during the fourth 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. Finally, Norges Bank acquired a new stake in eHealth in the fourth quarter valued at $6,244,000. 91.11% of the stock is currently owned by institutional investors and hedge funds.

eHealth Company Profile (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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