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

by · The Cerbat Gem

eHealth, Inc. (NASDAQ:EHTH – Get Free Report) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 474,500 shares, a decrease of 8.8% from the September 15th total of 520,500 shares. Based on an average daily volume of 177,500 shares, the short-interest ratio is currently 2.7 days.

eHealth Price Performance

Shares of NASDAQ EHTH traded up $0.05 during mid-day trading on Thursday, hitting $4.92. The company had a trading volume of 122,662 shares, compared to its average volume of 264,829. eHealth has a 12 month low of $3.58 and a 12 month high of $9.45. The firm has a market cap of $143.29 million, a P/E ratio of -1.93 and a beta of 0.53. The business’s 50-day simple moving average is $4.13 and its 200-day simple moving average is $4.66.

eHealth (NASDAQ:EHTH – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($1.23) EPS for the quarter, missing the consensus estimate of ($0.85) by ($0.38). eHealth had a negative net margin of 6.32% and a negative return on equity of 4.03%. The firm had revenue of $65.86 million during the quarter, compared to analyst estimates of $55.79 million. As a group, sell-side analysts predict that eHealth will post -1.51 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EHTH. Deutsche Bank Aktiengesellschaft cut their price target on eHealth from $5.00 to $2.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. Craig Hallum dropped their target price on shares of eHealth from $6.00 to $5.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th.

View Our Latest Stock Analysis on EHTH

Insider Buying and Selling

In related news, SVP Gavin G. Galimi bought 10,365 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $4.12 per share, with a total value of $42,703.80. Following the completion of the transaction, the senior vice president now directly owns 185,290 shares of the company’s stock, valued at $763,394.80. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other eHealth news, CEO Francis S. Soistman, Jr. purchased 50,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of $4.07 per share, with a total value of $203,500.00. Following the completion of the transaction, the chief executive officer now owns 907,875 shares in the company, valued at $3,695,051.25. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Gavin G. Galimi acquired 10,365 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $4.12 per share, with a total value of $42,703.80. Following the transaction, the senior vice president now directly owns 185,290 shares in the company, valued at $763,394.80. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 80,365 shares of company stock worth $329,404. Corporate insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Summit Securities Group LLC acquired a new position in shares of eHealth in the 2nd quarter valued at $53,000. Point72 DIFC Ltd increased its stake in eHealth by 3,996.8% in the second quarter. Point72 DIFC Ltd now owns 12,741 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 12,430 shares during the period. BNP Paribas Financial Markets raised its position in eHealth by 76.7% in the first quarter. BNP Paribas Financial Markets now owns 13,323 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 5,782 shares in the last quarter. Algert Global LLC lifted its stake in eHealth by 76.6% during the second quarter. Algert Global LLC now owns 18,392 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 7,980 shares during the period. Finally, American Century Companies Inc. boosted its stake in eHealth by 15.5% in the 2nd quarter. American Century Companies Inc. now owns 38,170 shares of the financial services provider’s stock valued at $173,000 after buying an additional 5,120 shares in the last quarter. 79.54% of the stock is owned by institutional investors.

About eHealth

(Get Free Report)

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.

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