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

eHealth, Inc. (NASDAQ:EHTH)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.61 and traded as high as $8.55. eHealth shares last traded at $8.29, with a volume of 256,545 shares.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. UBS Group assumed coverage on shares of eHealth in a research note on Wednesday, December 4th. They issued a “neutral” rating and a $5.50 price objective on the stock. Royal Bank of Canada cut their price objective on shares of eHealth from $13.00 to $11.00 and set a “sector perform” rating on the stock in a research note on Monday, November 25th. Finally, StockNews.com upgraded shares of eHealth from a “sell” rating to a “hold” rating in a research note on Friday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, eHealth currently has a consensus rating of “Hold” and a consensus price target of $6.38.

eHealth Trading Down 4.9 %

The company has a market cap of $248.23 million, a price-to-earnings ratio of -2.91 and a beta of 0.44. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average is $9.75 and its 200 day moving average is $6.61.

eHealth (NASDAQ:EHTH) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $2.20 EPS for the quarter, beating the consensus estimate of $2.00 by $0.20. The company had revenue of $315.18 million for the quarter, compared to analyst estimates of $293.47 million. eHealth had a negative net margin of 7.58% and a negative return on equity of 5.70%. Research analysts predict that eHealth, Inc. will post -2.17 EPS for the current year.

Institutional Trading of eHealth

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in eHealth during the fourth quarter valued at $29,000. Graham Capital Management L.P. purchased a new position in eHealth during the fourth quarter valued at $110,000. Prudential Financial Inc. purchased a new position in eHealth during the fourth quarter valued at $111,000. Public Employees Retirement System of Ohio lifted its holdings in eHealth by 40.7% during the third quarter. Public Employees Retirement System of Ohio now owns 12,451 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 3,600 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in eHealth during the fourth quarter valued at $145,000. 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.