Stock Traders Purchase High Volume of eHealth Put Options (NASDAQ:EHTH)

eHealth, Inc. (NASDAQ:EHTH) was the target of unusually large options trading on Tuesday. Stock investors purchased 3,080 put options on the stock. This is an increase of 763% compared to the typical daily volume of 357 put options.

Institutional Trading of eHealth

Institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its position in shares of eHealth by 31.2% during the second quarter. Acadian Asset Management LLC now owns 584,930 shares of the financial services provider’s stock worth $2,538,000 after purchasing an additional 139,019 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in eHealth by 25.9% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 676,234 shares of the financial services provider’s stock worth $2,942,000 after buying an additional 139,096 shares during the period. AMH Equity Ltd increased its stake in eHealth by 244.8% in the 2nd quarter. AMH Equity Ltd now owns 100,000 shares of the financial services provider’s stock worth $435,000 after buying an additional 71,000 shares during the period. Squarepoint Ops LLC lifted its holdings in eHealth by 333.8% during the 2nd quarter. Squarepoint Ops LLC now owns 210,661 shares of the financial services provider’s stock valued at $916,000 after buying an additional 162,094 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in eHealth in the 2nd quarter valued at about $47,000. Institutional investors own 79.54% of the company’s stock.

eHealth Stock Down 10.1%

NASDAQ EHTH opened at $3.04 on Wednesday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.14. eHealth has a 52 week low of $3.00 and a 52 week high of $11.36. The firm has a market capitalization of $93.53 million, a price-to-earnings ratio of -11.69 and a beta of 1.27. The company has a fifty day moving average of $4.00 and a two-hundred day moving average of $4.08.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EHTH shares. Weiss Ratings restated a “sell (d+)” rating on shares of eHealth in a research report on Monday, December 29th. Royal Bank Of Canada reduced their target price on shares of eHealth from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 25th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $7.00.

eHealth Company Profile

eHealth, Inc operates one of the largest online private health insurance exchanges in the United States. The company’s platform enables consumers to compare, select and enroll in individual, family and small-group health insurance plans offered by a broad network of licensed insurance carriers. In addition to Affordable Care Act–compliant offerings, eHealth provides dedicated services for Medicare Advantage, Medicare Supplement and Medicare Part D prescription drug plans, helping seniors navigate the complexities of Medicare coverage.

Through its digital marketplace, eHealth delivers real-time quotes, detailed plan comparisons and enrollment processing.