eHealth, Inc. (NASDAQ:EHTH) Short Interest Update

eHealth, Inc. (NASDAQ:EHTHGet Rating) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 1,430,000 shares, a drop of 7.7% from the October 15th total of 1,550,000 shares. Approximately 5.7% of the company’s shares are short sold. Based on an average daily volume of 736,000 shares, the days-to-cover ratio is currently 1.9 days.

eHealth Trading Down 2.1 %

Shares of NASDAQ:EHTH opened at $3.27 on Friday. The company has a 50 day moving average of $3.72 and a 200-day moving average of $7.10. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.10. The firm has a market cap of $89.67 million, a P/E ratio of -0.52 and a beta of 0.41. eHealth has a twelve month low of $2.67 and a twelve month high of $27.89.

Institutional Investors Weigh In On eHealth

A number of institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in shares of eHealth by 50.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,692 shares of the financial services provider’s stock worth $45,000 after buying an additional 1,241 shares in the last quarter. State of Tennessee Treasury Department lifted its holdings in eHealth by 17.9% in the 1st quarter. State of Tennessee Treasury Department now owns 8,847 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 1,341 shares during the last quarter. Citigroup Inc. boosted its position in shares of eHealth by 7.1% during the 1st quarter. Citigroup Inc. now owns 20,760 shares of the financial services provider’s stock valued at $258,000 after purchasing an additional 1,378 shares in the last quarter. Cetera Advisor Networks LLC grew its stake in shares of eHealth by 11.4% in the 2nd quarter. Cetera Advisor Networks LLC now owns 16,823 shares of the financial services provider’s stock worth $157,000 after purchasing an additional 1,718 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in eHealth by 3.3% during the first quarter. Sei Investments Co. now owns 77,861 shares of the financial services provider’s stock worth $947,000 after buying an additional 2,509 shares in the last quarter. 87.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EHTH has been the topic of a number of research analyst reports. Credit Suisse Group lowered their price target on eHealth from $13.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, August 15th. Craig Hallum cut their price target on shares of eHealth to $6.00 in a report on Tuesday. Royal Bank of Canada reduced their price objective on eHealth from $17.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 9th. Truist Financial decreased their price target on shares of eHealth from $8.00 to $3.00 in a report on Tuesday, November 8th. Finally, StockNews.com raised shares of eHealth from a “sell” rating to a “hold” rating in a report on Friday. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, eHealth has a consensus rating of “Hold” and a consensus price target of $9.25.

eHealth Company Profile

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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 Individual, Family and Small Business. Its ecommerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.

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