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

eHealth, Inc. (NASDAQ:EHTH)’s stock price crossed 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 trading hands.

Analyst Upgrades and Downgrades

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

eHealth Price Performance

The firm has a market capitalization of $294.52 million, a P/E ratio of -3.49 and a beta of 0.31. 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 business’s 50-day simple moving average is $8.16 and its 200 day simple moving average is $5.77.

Hedge Funds Weigh In On eHealth

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new position in shares of eHealth during the second quarter valued at $675,000. Cubist Systematic Strategies LLC lifted its position in shares of eHealth by 307.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 175,878 shares of the financial services provider’s stock valued at $797,000 after buying an additional 132,720 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in eHealth by 104.7% in the 2nd quarter. Renaissance Technologies LLC now owns 257,600 shares of the financial services provider’s stock worth $1,167,000 after purchasing an additional 131,772 shares in the last quarter. RBF Capital LLC increased its stake in eHealth by 29.0% in the 3rd quarter. RBF Capital LLC now owns 443,141 shares of the financial services provider’s stock worth $1,808,000 after acquiring an additional 99,618 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of eHealth by 86.8% during the 3rd 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 last quarter. Hedge funds and other institutional investors 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.