eHealth (NASDAQ:EHTH) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

eHealth, Inc. (NASDAQ:EHTH)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.67 and traded as high as $5.42. eHealth shares last traded at $5.11, with a volume of 264,684 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EHTH. Deutsche Bank Aktiengesellschaft lowered their price objective on eHealth from $5.00 to $2.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. StockNews.com raised eHealth from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Craig Hallum raised eHealth from a “hold” rating to a “buy” rating and increased their price objective for the company from $5.00 to $7.00 in a report on Wednesday, November 6th.

eHealth Trading Down 3.9 %

The business has a fifty day moving average price of $4.48 and a 200 day moving average price of $4.67. The company has a market capitalization of $151.41 million, a PE ratio of -1.79 and a beta of 0.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.10 and a current ratio of 3.10.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EHTH. Marshall Wace LLP bought a new stake in shares of eHealth in the 2nd quarter worth $675,000. Cubist Systematic Strategies LLC lifted its position in shares of eHealth by 307.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 175,878 shares of the financial services provider’s stock worth $797,000 after acquiring an additional 132,720 shares during the period. Renaissance Technologies LLC lifted its position in shares of eHealth by 104.7% during the 2nd quarter. Renaissance Technologies LLC now owns 257,600 shares of the financial services provider’s stock worth $1,167,000 after buying an additional 131,772 shares during the period. Los Angeles Capital Management LLC increased its holdings in eHealth by 77.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 158,171 shares of the financial services provider’s stock valued at $717,000 after purchasing an additional 69,246 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of eHealth by 43.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 194,667 shares of the financial services provider’s stock valued at $794,000 after buying an additional 58,540 shares during the period. Institutional investors and hedge funds own 79.54% of the company’s stock.

eHealth Company Profile

eHealth, Inc operates a health insurance marketplace that provides consumer engagement, education, and health insurance enrollment solutions in the United States. The company operates in two segments, Medicare; and Employer and Individual. The Medicare segment offers sale of Medicare-related health insurance plans, which includes Medicare advantage, Medicare Supplement, and Medicare Part D prescription drug plans to Medicare-eligible customers including but not limited to, dental, and vision insurance, as well as advertising program for marketing and other services.