eHealth (NASDAQ:EHTH) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of eHealth, Inc. (NASDAQ:EHTH) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.12 and traded as high as $4.56. eHealth shares last traded at $4.50, with a volume of 470,615 shares.

Analyst Ratings Changes

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

eHealth Price Performance

The stock’s fifty day moving average price is $4.42 and its 200-day moving average price is $4.12. The firm has a market cap of $138.42 million, a PE ratio of -17.31 and a beta of 1.27. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.23 and a quick ratio of 2.23.

Institutional Trading of eHealth

A number of hedge funds have recently bought and sold shares of EHTH. Russell Investments Group Ltd. boosted its holdings in shares of eHealth by 20.0% during the 1st quarter. Russell Investments Group Ltd. now owns 32,512 shares of the financial services provider’s stock worth $217,000 after purchasing an additional 5,427 shares during the last quarter. American Century Companies Inc. lifted its position in eHealth by 27.6% during the first quarter. American Century Companies Inc. now owns 59,214 shares of the financial services provider’s stock worth $396,000 after buying an additional 12,792 shares in the last quarter. Algert Global LLC lifted its position in eHealth by 51.7% during the first quarter. Algert Global LLC now owns 29,143 shares of the financial services provider’s stock worth $195,000 after buying an additional 9,930 shares in the last quarter. Quantbot Technologies LP acquired a new position in eHealth during the first quarter worth $121,000. Finally, EntryPoint Capital LLC purchased a new stake in eHealth in the 1st quarter valued at $162,000. Institutional investors and hedge funds own 79.54% of the company’s stock.

About eHealth

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.