eHealth (NASDAQ:EHTH) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of eHealth, Inc. (NASDAQ:EHTH) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.77 and traded as high as $10.24. eHealth shares last traded at $9.94, with a volume of 290,787 shares traded.

Analyst Ratings Changes

Several brokerages have weighed in on EHTH. Craig Hallum upgraded eHealth from a “hold” rating to a “buy” rating and upped their target price for the stock from $5.00 to $7.00 in a report on Wednesday, November 6th. StockNews.com raised eHealth from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. UBS Group started coverage on eHealth in a report on Wednesday, December 4th. They issued a “neutral” rating and a $5.50 price objective on the stock. Finally, Royal Bank of Canada dropped their target price on eHealth from $13.00 to $11.00 and set a “sector perform” rating on the stock in a report on Monday, November 25th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $6.38.

eHealth Stock Performance

The firm has a market cap of $294.52 million, a PE ratio of -3.49 and a beta of 0.31. The firm has a 50-day moving average price of $8.16 and a two-hundred day moving average price of $5.77. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.14.

Hedge Funds Weigh In On eHealth

A number of institutional investors have recently added to or reduced their stakes in the stock. RBF Capital LLC lifted its position in eHealth by 29.0% during the third quarter. RBF Capital LLC now owns 443,141 shares of the financial services provider’s stock worth $1,808,000 after buying an additional 99,618 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in eHealth by 104.7% in the second quarter. Renaissance Technologies LLC now owns 257,600 shares of the financial services provider’s stock valued at $1,167,000 after purchasing an additional 131,772 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in eHealth by 86.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 212,555 shares of the financial services provider’s stock valued at $867,000 after purchasing an additional 98,793 shares during the period. Assenagon Asset Management S.A. lifted its holdings in eHealth by 43.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 194,667 shares of the financial services provider’s stock worth $794,000 after buying an additional 58,540 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings 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 valued at $797,000 after purchasing an additional 132,720 shares during the last quarter. Hedge funds and other institutional investors 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.