eHealth, Inc. (NASDAQ:EHTH) Sees Significant Drop in Short Interest

eHealth, Inc. (NASDAQ:EHTH) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 237,200 shares, a decline of 19.8% from the November 15th total of 295,600 shares. Based on an average daily volume of 152,600 shares, the short-interest ratio is presently 1.6 days.

eHealth Trading Up 0.9 %

EHTH stock traded up $0.05 during mid-day trading on Friday, reaching $5.74. The company had a trading volume of 106,620 shares, compared to its average volume of 251,492. The company has a market capitalization of $170.10 million, a PE ratio of -2.01 and a beta of 0.47. The firm has a 50 day moving average of $5.09 and a 200 day moving average of $4.70. eHealth has a 12 month low of $3.58 and a 12 month high of $9.45. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.10 and a quick ratio of 3.10.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on EHTH shares. Craig Hallum upgraded eHealth from a “hold” rating to a “buy” rating and boosted their price target for the stock from $5.00 to $7.00 in a research note on Wednesday, November 6th. StockNews.com upgraded shares of eHealth from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. UBS Group started coverage on eHealth in a report on Wednesday, December 4th. They set a “neutral” rating and a $5.50 price target on the stock. Finally, Royal Bank of Canada cut their price target on eHealth from $13.00 to $11.00 and set a “sector perform” rating for the company in a report on Monday, November 25th. Four investment 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, the stock currently has a consensus rating of “Hold” and an average price target of $6.38.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Assenagon Asset Management S.A. increased its stake in shares of eHealth by 4.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 136,127 shares of the financial services provider’s stock worth $617,000 after acquiring an additional 5,565 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of eHealth in the 2nd quarter worth $53,000. Los Angeles Capital Management LLC raised its holdings in eHealth by 77.9% during the second quarter. Los Angeles Capital Management LLC now owns 158,171 shares of the financial services provider’s stock worth $717,000 after purchasing an additional 69,246 shares in the last quarter. ClariVest Asset Management LLC boosted its holdings in eHealth by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 99,737 shares of the financial services provider’s stock valued at $452,000 after purchasing an additional 2,789 shares in the last quarter. Finally, American Century Companies Inc. raised its position in eHealth by 15.5% in the second quarter. American Century Companies Inc. now owns 38,170 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 5,120 shares in the last quarter. 79.54% of the stock is currently owned by hedge funds and other institutional investors.

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.