eHealth Sees Unusually Large Options Volume (NASDAQ:EHTH)

eHealth, Inc. (NASDAQ:EHTH) was the recipient of some unusual options trading activity on Tuesday. Traders bought 3,080 put options on the stock. This represents an increase of approximately 763% compared to the typical daily volume of 357 put options.

Analyst Upgrades and Downgrades

EHTH has been the subject of several research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of eHealth in a research note on Monday, December 29th. Royal Bank Of Canada reduced their target price on shares of eHealth from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 25th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, eHealth has an average rating of “Reduce” and an average price target of $7.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of eHealth by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,526,098 shares of the financial services provider’s stock worth $6,577,000 after purchasing an additional 4,958 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in eHealth by 16.6% during the second quarter. Engineers Gate Manager LP now owns 41,995 shares of the financial services provider’s stock worth $183,000 after buying an additional 5,975 shares in the last quarter. American Century Companies Inc. grew its position in eHealth by 11.1% in the second quarter. American Century Companies Inc. now owns 65,785 shares of the financial services provider’s stock worth $286,000 after buying an additional 6,571 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in shares of eHealth in the second quarter valued at $29,000. Finally, Algert Global LLC increased its holdings in shares of eHealth by 36.6% in the third quarter. Algert Global LLC now owns 32,963 shares of the financial services provider’s stock valued at $142,000 after buying an additional 8,840 shares in the last quarter. 79.54% of the stock is owned by institutional investors and hedge funds.

eHealth Price Performance

EHTH opened at $2.89 on Thursday. eHealth has a twelve month low of $2.83 and a twelve month high of $11.36. The firm has a market cap of $88.90 million, a price-to-earnings ratio of -11.12 and a beta of 1.27. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $3.99 and a 200 day simple moving average of $4.08.

eHealth Company Profile

eHealth, Inc operates one of the largest online private health insurance exchanges in the United States. The company’s platform enables consumers to compare, select and enroll in individual, family and small-group health insurance plans offered by a broad network of licensed insurance carriers. In addition to Affordable Care Act–compliant offerings, eHealth provides dedicated services for Medicare Advantage, Medicare Supplement and Medicare Part D prescription drug plans, helping seniors navigate the complexities of Medicare coverage.

Through its digital marketplace, eHealth delivers real-time quotes, detailed plan comparisons and enrollment processing.