eHealth (NASDAQ:EHTH) Shares Pass Above 200-Day Moving Average – Should You Sell?

eHealth, Inc. (NASDAQ:EHTH) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.03 and traded as high as $10.47. eHealth shares last traded at $9.97, with a volume of 732,052 shares traded.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Royal Bank of Canada reduced their price target on shares of eHealth from $13.00 to $11.00 and set a “sector perform” rating on the stock in a research report on Monday, November 25th. UBS Group assumed coverage on shares of eHealth in a research report on Wednesday, December 4th. They set a “neutral” rating and a $5.50 price target on the stock. StockNews.com upgraded shares of eHealth from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, Craig Hallum raised eHealth from a “hold” rating to a “buy” rating and increased their price objective for the company from $5.00 to $7.00 in a research note on Wednesday, November 6th. 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.com, the stock presently has an average rating of “Hold” and an average target price of $6.38.

eHealth Price Performance

The firm has a fifty day moving average of $8.75 and a 200 day moving average of $6.03. The company has a market capitalization of $295.41 million, a P/E ratio of -3.50 and a beta of 0.32. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.14.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. 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. Barclays PLC lifted its holdings in shares of eHealth by 104.3% in the 3rd quarter. Barclays PLC now owns 47,445 shares of the financial services provider’s stock worth $194,000 after buying an additional 24,224 shares during the period. RBF Capital LLC lifted its holdings in shares of 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 buying an additional 99,618 shares during the period. Kera Capital Partners Inc. purchased a new stake in shares of eHealth in the 4th quarter worth $358,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of eHealth by 43.0% in 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 period. 79.54% of the stock is owned by hedge funds and other institutional investors.

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.