Short Interest in eHealth Declines By 29.8% (EHTH)
Shares of eHealth (NASDAQ:EHTH) were the target of a significant drop in short interest in August. As of August 15th, there was short interest totalling 1,039,063 shares, a drop of 29.8% from the July 31st total of 1,481,160 shares, AnalystRatings.NET reports. Based on an average daily trading volume, of 579,094 shares, the days-to-cover ratio is presently 1.8 days. Approximately 6.0% of the shares of the stock are sold short.
EHTH has been the subject of a number of recent research reports. Analysts at Bank of America downgraded shares of eHealth from a “buy” rating to a “neutral” rating in a research note on Friday, August 1st. They now have a $24.00 price target on the stock. Separately, analysts at SunTrust reiterated a “buy” rating on shares of eHealth in a research note on Thursday, July 31st. They now have a $45.00 price target on the stock, down previously from $60.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of eHealth in a research note on Thursday, July 31st. They now have a $27.00 price target on the stock, down previously from $36.00. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $38.63.
Shares of eHealth (NASDAQ:EHTH) opened at 26.00 on Friday. eHealth has a 1-year low of $18.70 and a 1-year high of $63.32. The stock has a 50-day moving average of $25.4 and a 200-day moving average of $38.20. The company’s market cap is $461.9 million.
eHealth (NASDAQ:EHTH) last released its earnings data on Wednesday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.13. The company had revenue of $42.59 million for the quarter, compared to the consensus estimate of $47.40 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts predict that eHealth will post $0.04 earnings per share for the current fiscal year.
eHealth, Inc (NASDAQ:EHTH) offers Internet-based health insurance agency services for individuals, families and small businesses in the United States, as well as technology licensing and Internet advertising services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.