eHealth, Inc. (NASDAQ:EHTH - Get Free Report) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 230,300 shares, a decrease of 16.0% from the April 30th total of 274,300 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 292,700 shares, the days-to-cover ratio is presently 0.8 days.
eHealth Stock Performance
Shares of NASDAQ:EHTH traded up $0.01 on Thursday, reaching $4.41. 54,133 shares of the company's stock were exchanged, compared to its average volume of 267,196. The company has a fifty day moving average of $5.39 and a 200-day moving average of $7.27. eHealth has a twelve month low of $3.58 and a twelve month high of $11.36. The company has a market capitalization of $133.74 million, a price-to-earnings ratio of -1.55 and a beta of 0.94. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.14.
eHealth (NASDAQ:EHTH - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported ($0.33) earnings per share for the quarter, topping analysts' consensus estimates of ($0.41) by $0.08. eHealth had a negative net margin of 7.58% and a negative return on equity of 5.70%. The company had revenue of $113.12 million during the quarter, compared to the consensus estimate of $99.46 million. On average, research analysts predict that eHealth will post -2.17 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on EHTH shares. Wall Street Zen cut shares of eHealth from a "buy" rating to a "hold" rating in a report on Sunday, May 11th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $11.00 target price on shares of eHealth in a report on Monday, May 19th. Finally, UBS Group decreased their price target on shares of eHealth from $9.50 to $7.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $6.75.
Get Our Latest Report on EHTH
Hedge Funds Weigh In On eHealth
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. R Squared Ltd bought a new position in shares of eHealth during the fourth quarter valued at $29,000. Graham Capital Management L.P. acquired a new stake in eHealth in the fourth quarter worth $110,000. Prudential Financial Inc. acquired a new position in shares of eHealth during the fourth quarter valued at about $111,000. Cannon Global Investment Management LLC acquired a new position in shares of eHealth during the first quarter valued at about $121,000. Finally, Quantbot Technologies LP bought a new position in shares of eHealth during the first quarter valued at about $121,000. Institutional investors own 79.54% of the company's stock.
About eHealth
(
Get Free Report)
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.
Featured Articles
Before you consider eHealth, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and eHealth wasn't on the list.
While eHealth currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.