eHealth, Inc. (NASDAQ:EHTH) Short Interest Down 9.0% in March

eHealth, Inc. (NASDAQ:EHTH - Get Free Report) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 1,110,000 shares, a decline of 9.0% from the March 15th total of 1,220,000 shares. Based on an average daily trading volume, of 308,200 shares, the short-interest ratio is presently 3.6 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EHTH. Allspring Global Investments Holdings LLC lifted its holdings in shares of eHealth by 148.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,689 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 2,207 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in eHealth by 258.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,425 shares of the financial services provider's stock valued at $36,000 after buying an additional 3,190 shares in the last quarter. Royal Bank of Canada increased its position in shares of eHealth by 34.4% during the second quarter. Royal Bank of Canada now owns 4,854 shares of the financial services provider's stock worth $40,000 after acquiring an additional 1,243 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of eHealth by 50.6% during the first quarter. PNC Financial Services Group Inc. now owns 3,692 shares of the financial services provider's stock worth $45,000 after acquiring an additional 1,241 shares during the period. Finally, UBS Group AG lifted its position in eHealth by 1,573.8% in the 4th quarter. UBS Group AG now owns 9,457 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 8,892 shares in the last quarter. Institutional investors and hedge funds own 79.54% of the company's stock.

Wall Street Analyst Weigh In

Separately, Craig Hallum lowered eHealth from a "buy" rating to a "hold" rating and set a $7.00 price target on the stock. in a research report on Thursday, January 18th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $10.00.

eHealth Trading Down 11.5 %

Shares of NASDAQ:EHTH traded down $0.56 during trading on Monday, hitting $4.31. 523,549 shares of the company's stock were exchanged, compared to its average volume of 306,458. eHealth has a 1-year low of $4.31 and a 1-year high of $10.31. The firm has a market cap of $124.73 million, a P/E ratio of -1.66 and a beta of 0.40. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average price of $6.15 and a two-hundred day moving average price of $7.26.

eHealth (NASDAQ:EHTH - Get Free Report) last released its earnings results on Tuesday, February 27th. The financial services provider reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.83 by ($0.56). The company had revenue of $247.70 million during the quarter, compared to analyst estimates of $244.93 million. eHealth had a negative net margin of 6.23% and a negative return on equity of 5.54%. The company's quarterly revenue was up 26.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 EPS. Equities analysts predict that eHealth will post -0.99 earnings per share for the current year.

About eHealth

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.