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

eHealth, Inc. (NASDAQ:EHTH) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.14 and traded as high as $4.23. eHealth shares last traded at $4.07, with a volume of 226,594 shares.

Analyst Upgrades and Downgrades

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

eHealth Trading Down 3.3%

The firm has a 50 day moving average of $4.19 and a 200 day moving average of $4.14. The firm has a market cap of $125.19 million, a PE ratio of -15.65 and a beta of 1.27. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.14.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Nantahala Capital Management LLC grew its stake in eHealth by 34.3% in the 3rd quarter. Nantahala Capital Management LLC now owns 1,761,441 shares of the financial services provider’s stock worth $7,592,000 after buying an additional 450,000 shares in the last quarter. Mackenzie Financial Corp purchased a new position in shares of eHealth in the 3rd quarter worth about $1,711,000. Geode Capital Management LLC increased its position in shares of eHealth by 101.3% during the 2nd quarter. Geode Capital Management LLC now owns 711,762 shares of the financial services provider’s stock valued at $3,097,000 after purchasing an additional 358,192 shares during the last quarter. Millennium Management LLC raised its holdings in shares of eHealth by 74.3% during the 1st quarter. Millennium Management LLC now owns 705,704 shares of the financial services provider’s stock valued at $4,714,000 after buying an additional 300,792 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in eHealth by 107.0% in the 1st quarter. Acadian Asset Management LLC now owns 445,911 shares of the financial services provider’s stock worth $2,976,000 after buying an additional 230,480 shares during the last quarter. Institutional investors 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.