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

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 $6.77 and traded as high as $8.13. eHealth shares last traded at $7.83, with a volume of 147,984 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on EHTH shares. UBS Group initiated coverage on shares of eHealth in a research note on Wednesday, December 4th. They set a “neutral” rating and a $5.50 price target on the stock. StockNews.com raised shares of eHealth from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Finally, Royal Bank of Canada cut their price target on eHealth from $13.00 to $11.00 and set a “sector perform” rating on the stock in a report on Monday, November 25th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, eHealth currently has a consensus rating of “Hold” and a consensus target price of $6.38.

eHealth Price Performance

The company has a market capitalization of $234.45 million, a price-to-earnings ratio of -2.75 and a beta of 0.44. The business has a fifty day moving average price of $9.59 and a 200 day moving average price of $6.77. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.10 and a quick ratio of 3.10.

eHealth (NASDAQ:EHTH) last announced its earnings results on Wednesday, February 26th. The financial services provider reported $2.20 EPS for the quarter, topping the consensus estimate of $2.00 by $0.20. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. The firm had revenue of $315.18 million for the quarter, compared to analysts’ expectations of $293.47 million. On average, research analysts expect that eHealth, Inc. will post -2.17 earnings per share for the current fiscal year.

Institutional Trading of eHealth

Hedge funds and other institutional investors have recently made changes to their positions in the business. AMH Equity Ltd purchased a new stake in eHealth during the fourth quarter valued at about $426,000. Jacobs Levy Equity Management Inc. boosted its stake 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 buying an additional 98,793 shares during the period. Barclays PLC grew its stake in eHealth by 104.3% in the third quarter. Barclays PLC now owns 47,445 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 24,224 shares in the last quarter. RBF Capital LLC grew its stake 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 valued at $1,808,000 after buying an additional 99,618 shares in the last quarter. Finally, Kera Capital Partners Inc. bought a new stake in eHealth in the fourth quarter worth approximately $358,000. 79.54% of the stock is currently owned by institutional investors.

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.