eHealth (NASDAQ:EHTH) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

eHealth, Inc. (NASDAQ:EHTH) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.14 and traded as high as $4.20. eHealth shares last traded at $4.10, with a volume of 249,622 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of eHealth in a research report on Tuesday. UBS Group dropped their price objective on shares of eHealth from $7.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Royal Bank Of Canada cut their target price on shares of eHealth from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 25th. Finally, Wall Street Zen cut shares of eHealth from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $7.00.

eHealth Stock Performance

The company has a 50-day moving average price of $4.44 and a two-hundred day moving average price of $4.14. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $126.12 million, a P/E ratio of -15.77 and a beta of 1.27.

Institutional Trading of eHealth

Several hedge funds have recently bought and sold shares of EHTH. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of eHealth during the second quarter valued at approximately $29,000. R Squared Ltd purchased a new stake in eHealth in the 2nd quarter valued at $47,000. The Manufacturers Life Insurance Company bought a new position in eHealth during the 2nd quarter valued at $48,000. Bank of America Corp DE boosted its holdings in eHealth by 1,265.8% during the 2nd quarter. Bank of America Corp DE now owns 11,186 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 10,367 shares during the last quarter. Finally, Alliancebernstein L.P. purchased a new position in eHealth during the 3rd quarter worth $54,000. Institutional investors and hedge funds 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.