Short Interest in eHealth, Inc. (NASDAQ:EHTH) Declines By 16.0%

eHealth, Inc. (NASDAQ:EHTH - Get Free Report) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totalling 230,300 shares, a decline of 16.0% from the April 30th total of 274,300 shares. Based on an average trading volume of 292,700 shares, the short-interest ratio is presently 0.8 days. Currently, 0.8% of the company's stock are short sold.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wall Street Zen cut shares of eHealth from a "buy" rating to a "hold" rating in a research report on Sunday, May 11th. UBS Group dropped their price objective on eHealth from $9.50 to $7.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $11.00 price objective on shares of eHealth in a research note on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, eHealth has a consensus rating of "Hold" and a consensus target price of $6.75.

Institutional Trading of eHealth

Several large investors have recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of eHealth in the fourth quarter worth $29,000. Graham Capital Management L.P. acquired a new position in eHealth in the fourth quarter worth about $110,000. Prudential Financial Inc. acquired a new position in eHealth in the fourth quarter worth about $111,000. Cannon Global Investment Management LLC acquired a new stake in shares of eHealth in the first quarter valued at approximately $121,000. Finally, Quantbot Technologies LP bought a new position in eHealth in the first quarter valued at approximately $121,000. 79.54% of the stock is owned by institutional investors and hedge funds.

eHealth Stock Up 1.4%

eHealth stock traded up $0.06 during midday trading on Friday, hitting $4.30. The stock had a trading volume of 129,147 shares, compared to its average volume of 267,133. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.14. The stock has a market cap of $130.41 million, a P/E ratio of -1.51 and a beta of 0.94. eHealth has a 12 month low of $3.58 and a 12 month high of $11.36. The business has a fifty day moving average price of $5.29 and a 200 day moving average price of $7.26.

eHealth (NASDAQ:EHTH - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.08. The business had revenue of $113.12 million during the quarter, compared to the consensus estimate of $99.46 million. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. Research analysts predict that eHealth will post -2.17 EPS for the current year.

eHealth Company Profile

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.