eHealth, Inc. (NASDAQ:EHTH) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totalling 602,362 shares, a drop of 24.6% from the July 14th total of 798,957 shares. Based on an average trading volume of 177,092 shares, the days-to-cover ratio is currently 3.4 days. Currently, 3.5% of the shares of the stock are short sold.

In other eHealth news, Director Jack L. Oliver III sold 14,745 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $16.79, for a total transaction of $247,568.55. Following the sale, the director now directly owns 51,375 shares of the company’s stock, valued at approximately $862,586.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.22% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its position in shares of eHealth by 92.1% in the second quarter. BNP Paribas Arbitrage SA now owns 7,611 shares of the financial services provider’s stock worth $143,000 after buying an additional 3,650 shares in the last quarter. Thrivent Financial For Lutherans acquired a new position in shares of eHealth during the second quarter worth $190,000. Hancock Holding Co. acquired a new position in shares of eHealth during the second quarter worth $198,000. Texas Permanent School Fund increased its position in shares of eHealth by 1.3% in the second quarter. Texas Permanent School Fund now owns 12,245 shares of the financial services provider’s stock worth $230,000 after buying an additional 160 shares in the last quarter. Finally, OppenheimerFunds Inc. increased its position in shares of eHealth by 11.1% in the first quarter. OppenheimerFunds Inc. now owns 12,891 shares of the financial services provider’s stock worth $156,000 after buying an additional 1,289 shares in the last quarter. Institutional investors own 93.56% of the company’s stock.

Several equities research analysts have issued reports on the stock. Cantor Fitzgerald reaffirmed a “buy” rating and set a $20.00 price target on shares of eHealth in a research note on Thursday, July 27th. Jefferies Group LLC raised their price target on shares of eHealth from $15.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, May 11th. Zacks Investment Research cut shares of eHealth from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. BidaskClub raised shares of eHealth from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, TheStreet cut shares of eHealth from a “c” rating to a “d+” rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $18.25.

Shares of eHealth (NASDAQ:EHTH) opened at 17.53 on Monday. The firm’s market capitalization is $324.92 million. The firm’s 50 day moving average is $18.22 and its 200 day moving average is $14.88. eHealth has a 1-year low of $6.38 and a 1-year high of $19.53.

eHealth (NASDAQ:EHTH) last issued its earnings results on Thursday, July 27th. The financial services provider reported ($0.92) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.75) by $0.17. The business had revenue of $28 million during the quarter, compared to analyst estimates of $29.25 million. eHealth had a negative net margin of 3.44% and a negative return on equity of 5.64%. eHealth’s revenue for the quarter was down 24.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 EPS. Analysts anticipate that eHealth will post ($0.94) EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “eHealth, Inc. (EHTH) Sees Significant Decrease in Short Interest” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/08/14/ehealth-inc-ehth-sees-significant-decrease-in-short-interest.html.

eHealth Company Profile

eHealth, Inc provides a private online source of health insurance for individuals, families and small businesses. The Company is the parent company of eHealthInsurance, a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers side-by-side, and purchase and enroll in coverage online through its Websites (www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com) or telephonically through its customer care centers.

Receive News & Ratings for eHealth Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eHealth Inc. and related companies with MarketBeat.com's FREE daily email newsletter.