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

eHealth, Inc. (NASDAQ:EHTH)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.13 and traded as high as $4.55. eHealth shares last traded at $4.54, with a volume of 459,072 shares.

Analysts Set New Price Targets

Several brokerages have issued reports on EHTH. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of eHealth in a research report on Monday. Royal Bank Of Canada lowered their price objective on eHealth from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 25th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $7.00.

eHealth Trading Up 6.6%

The firm has a market cap of $139.65 million, a P/E ratio of -17.46 and a beta of 1.27. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.23 and a current ratio of 2.23. The firm has a fifty day moving average of $4.31 and a 200-day moving average of $4.13.

Hedge Funds Weigh In On eHealth

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nantahala Capital Management LLC increased its position in eHealth by 34.3% in the 3rd quarter. Nantahala Capital Management LLC now owns 1,761,441 shares of the financial services provider’s stock valued at $7,592,000 after acquiring an additional 450,000 shares during the period. Vanguard Group Inc. increased its holdings in shares of eHealth by 0.3% during the third quarter. Vanguard Group Inc. now owns 1,526,098 shares of the financial services provider’s stock valued at $6,577,000 after purchasing an additional 4,958 shares during the period. Geode Capital Management LLC increased its holdings in shares of eHealth by 101.3% during the second quarter. Geode Capital Management LLC now owns 711,762 shares of the financial services provider’s stock valued at $3,097,000 after purchasing an additional 358,192 shares during the period. Millennium Management LLC raised its stake in shares of eHealth by 74.3% during the first quarter. Millennium Management LLC now owns 705,704 shares of the financial services provider’s stock valued at $4,714,000 after purchasing an additional 300,792 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in eHealth by 25.9% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 676,234 shares of the financial services provider’s stock worth $2,942,000 after purchasing an additional 139,096 shares during the period. 79.54% of the stock is currently owned by institutional investors and hedge funds.

eHealth Company Profile

eHealth, Inc operates one of the largest online private health insurance exchanges in the United States. The company’s platform enables consumers to compare, select and enroll in individual, family and small-group health insurance plans offered by a broad network of licensed insurance carriers. In addition to Affordable Care Act–compliant offerings, eHealth provides dedicated services for Medicare Advantage, Medicare Supplement and Medicare Part D prescription drug plans, helping seniors navigate the complexities of Medicare coverage.

Through its digital marketplace, eHealth delivers real-time quotes, detailed plan comparisons and enrollment processing.