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

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EHTH. Royal Bank of Canada cut their price objective on eHealth from $13.00 to $11.00 and set a “sector perform” rating on the stock in a report on Monday, November 25th. 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 report on Wednesday, November 6th. UBS Group began coverage on eHealth in a report on Wednesday, December 4th. They issued a “neutral” rating and a $5.50 price objective on the stock. Finally, StockNews.com raised eHealth from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $6.38.

eHealth Stock Performance

The firm has a market cap of $295.41 million, a PE ratio of -3.50 and a beta of 0.32. The firm has a 50-day moving average price of $8.75 and a two-hundred day moving average price of $6.03. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.14.

Hedge Funds Weigh In On eHealth

Institutional investors have recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new stake in eHealth during the fourth quarter worth $29,000. Public Employees Retirement System of Ohio increased its stake 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 worth $51,000 after acquiring an additional 3,600 shares during the last quarter. Prudential Financial Inc. acquired a new stake in shares of eHealth in the fourth quarter valued at $111,000. SkyView Investment Advisors LLC grew its stake in shares of eHealth by 28.7% in the third quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider’s stock valued at $122,000 after buying an additional 6,694 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of 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 buying an additional 24,224 shares in 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.