eHealth Target of Unusually Large Options Trading (NASDAQ:EHTH)

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

Analyst Ratings Changes

Several brokerages have commented on EHTH. Royal Bank Of Canada lowered their price objective on shares of eHealth from $10.00 to $9.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 25th. Weiss Ratings reiterated a “sell (d+)” rating on shares of eHealth in a research note on Monday, December 29th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $7.00.

eHealth Trading Down 8.4%

Shares of EHTH stock traded down $0.29 on Tuesday, hitting $3.10. The company had a trading volume of 338,851 shares, compared to its average volume of 282,856. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.23 and a current ratio of 2.23. eHealth has a twelve month low of $3.04 and a twelve month high of $11.36. The stock’s 50-day moving average is $4.02 and its two-hundred day moving average is $4.09. The firm has a market cap of $95.20 million, a P/E ratio of -11.90 and a beta of 1.27.

Institutional Trading of eHealth

Large investors have recently modified their holdings of the stock. Sherbrooke Park Advisers LLC bought a new stake in shares of eHealth in the 3rd quarter worth $69,000. Nantahala Capital Management LLC lifted its position in shares of eHealth by 34.3% during the third quarter. Nantahala Capital Management LLC now owns 1,761,441 shares of the financial services provider’s stock valued at $7,592,000 after purchasing an additional 450,000 shares in the last quarter. Centiva Capital LP purchased a new position in eHealth during the third quarter worth about $97,000. Bank of America Corp DE grew its position in eHealth by 106.9% in the 3rd quarter. Bank of America Corp DE now owns 23,143 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 11,957 shares in the last quarter. Finally, Algert Global LLC increased its stake in eHealth by 36.6% in the 3rd 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 during the last quarter. Institutional investors and hedge funds own 79.54% of the company’s stock.

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.