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

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

Analyst Upgrades and Downgrades

EHTH has been the subject of several research analyst reports. 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. StockNews.com upgraded 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, Craig Hallum upgraded eHealth from a “hold” rating to a “buy” rating and increased their price target for the company from $5.00 to $7.00 in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $6.38.

Institutional Investors Weigh In On eHealth

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SkyView Investment Advisors LLC raised its stake in eHealth by 28.7% in the third quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider’s stock valued at $122,000 after buying an additional 6,694 shares during the last quarter. Barclays PLC raised its stake in eHealth by 104.3% in the third quarter. Barclays PLC now owns 47,445 shares of the financial services provider’s stock valued at $194,000 after buying an additional 24,224 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of eHealth by 40.7% in the third quarter. Public Employees Retirement System of Ohio now owns 12,451 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 3,600 shares during the last quarter. RBF Capital LLC raised its stake in shares of eHealth by 29.0% in the third quarter. RBF Capital LLC now owns 443,141 shares of the financial services provider’s stock worth $1,808,000 after purchasing an additional 99,618 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of eHealth by 86.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 212,555 shares of the financial services provider’s stock worth $867,000 after purchasing an additional 98,793 shares during the last quarter. 79.54% of the stock is currently owned by hedge funds and other institutional investors.

eHealth Price Performance

EHTH opened at $5.74 on Monday. 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 company has a market capitalization of $170.10 million, a price-to-earnings ratio of -2.01 and a beta of 0.47. eHealth has a 12-month low of $3.58 and a 12-month high of $9.45. The business’s fifty day simple moving average is $5.09 and its 200-day simple moving average is $4.69.

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.