Price Action Alert: What’s eHealth, Inc. Downside After Making All-Time Low?

Price Action Alert: What's eHealth, Inc. Downside After Making All Time Low?

The stock of eHealth, Inc. (NASDAQ:EHTH) reached all time low today, Oct, 28 and still has $6.62 target or 11.00% below today’s $7.44 share price. This indicates more downside for the $138.72M company. This technical setup was reported by Barchart.com. If the $6.62 PT is reached, the company will be worth $15.26M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 2.69 million shares traded hands or 2161.42% up from the average. eHealth, Inc. (NASDAQ:EHTH) has risen 22.53% since March 28, 2016 and is uptrending. It has outperformed by 17.82% the S&P500.

Analysts await eHealth, Inc. (NASDAQ:EHTH) to report earnings on November, 3. They expect $-0.09 earnings per share, down 142.86% or $0.30 from last year’s $0.21 per share. After $-0.02 actual earnings per share reported by eHealth, Inc. for the previous quarter, Wall Street now forecasts 350.00% negative EPS growth.

eHealth, Inc. (NASDAQ:EHTH) Ratings Coverage

Out of 5 analysts covering eHealth (NASDAQ:EHTH), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. eHealth has been the topic of 8 analyst reports since July 30, 2015 according to StockzIntelligence Inc. FBR Capital maintained the shares of EHTH in a report on Wednesday, February 24 with “Outperform” rating. Bank of America upgraded eHealth, Inc. (NASDAQ:EHTH) on Friday, July 31 to “Neutral” rating. The stock has “Buy” rating given by Zacks on Monday, August 10. The firm earned “Buy” rating on Friday, April 29 by Craig Hallum. Jefferies maintained eHealth, Inc. (NASDAQ:EHTH) rating on Wednesday, February 24. Jefferies has “Hold” rating and $12.50 price target. The company was upgraded on Friday, August 5 by Craig Hallum. Stifel Nicolaus upgraded the shares of EHTH in a report on Thursday, July 30 to “Buy” rating. The company was downgraded on Friday, July 29 by Craig Hallum.

According to Zacks Investment Research, “eHealth, Inc. is the parent company of eHealthInsurance, the leading online source of health insurance for individuals, families and small businesses. eHealthInsurance presents complex health insurance information in an objective, user-friendly format, enabling the research, analysis, comparison and purchase of health insurance products that best meet consumers’ needs. eHealth and eHealthInsurance.com are registered trademarks of eHealthInsurance Services, Inc. eHealth, Inc. and its technology was responsible for the nation’s first Internet-based sale of a health insurance policy. The Company is headquartered in Mountain View, California.”

Insitutional Activity: The institutional sentiment increased to 1.74 in 2016 Q2. Its up 0.13, from 1.61 in 2016Q1. The ratio improved, as 10 funds sold all eHealth, Inc. shares owned while 25 reduced positions. 28 funds bought stakes while 33 increased positions. They now own 16.02 million shares or 1.28% more from 15.82 million shares in 2016Q1.
Bnp Paribas Arbitrage last reported 0% of its portfolio in the stock. Ls Invest Advsrs Lc owns 603 shares or 0% of their US portfolio. Blackrock Advsrs Lc owns 8,312 shares or 0% of their US portfolio. Moreover, Continental Ltd has 0.4% invested in eHealth, Inc. (NASDAQ:EHTH) for 91,800 shares. Comerica Retail Bank accumulated 0% or 16,645 shares. Blackrock last reported 3,169 shares in the company. The California-based Analytic Investors Ltd Liability Corporation has invested 0% in eHealth, Inc. (NASDAQ:EHTH). Sunbelt Secs last reported 0% of its portfolio in the stock. Qs Investors Ltd Liability owns 448 shares or 0% of their US portfolio. Geode Mgmt reported 174,560 shares or 0% of all its holdings. The Ontario – Canada-based Manufacturers Life Insur Com The has invested 0% in eHealth, Inc. (NASDAQ:EHTH). Lucus Advisors Ltd Llc, a New York-based fund reported 24,577 shares. Smith Asset Mgmt Limited Partnership has 0.01% invested in the company for 14,730 shares. Wellington Gru Limited Liability Partnership has 2.24 million shares for 0.01% of their US portfolio. Numeric Investors Limited Liability Corporation last reported 0.01% of its portfolio in the stock.

Insider Transactions: Since May 25, 2016, the stock had 3 insider purchases, and 4 insider sales for $4.51 million net activity. Another trade for 43,300 shares valued at $601,169 was sold by Flynn James E. The insider Flanders Scott N bought $1.07M. Goldberg Michael had bought 25,000 shares worth $232,055 on Tuesday, August 2. Hurley Robert S bought $59,281 worth of stock.

More recent eHealth, Inc. (NASDAQ:EHTH) news were published by: Businesswire.com which released: “eHealth, Inc. Announces Third Quarter 2016 Results” on October 27, 2016. Also Businesswire.com published the news titled: “eHealth, Inc. to Announce Third Quarter 2016 Earnings Results and Strategic …” on October 14, 2016. Nasdaq.com‘s news article titled: “Earnings Reaction History: eHealth, Inc, 80.0% Follow-Through Indicator, 12.4 …” with publication date: July 28, 2016 was also an interesting one.

EHTH Company Profile

eHealth, Inc., incorporated on February 22, 2002, provides a private online source of health insurance for individuals, families and small businesses. The Firm is the parent firm 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. The Firm also offers various online and pharmacy tools to help seniors navigate Medicare health insurance options, choose the right plan, and enroll in plans online or telephonically. The Company’s e-commerce platform can be accessed directly through its Websites, as well as through its network of marketing partners. The Company’s e-commerce technology also enables it to deliver consumers’ health insurance applications electronically to health insurance carriers.

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