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

eHealth, Inc. (NASDAQ:EHTH) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.35 and traded as high as $10.25. eHealth shares last traded at $10.05, with a volume of 276,563 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have issued reports on EHTH. Craig Hallum raised shares of eHealth from a “hold” rating to a “buy” rating and raised their price objective for the company from $5.00 to $7.00 in a research note on Wednesday, November 6th. UBS Group began coverage on shares of eHealth in a report on Wednesday, December 4th. They issued a “neutral” rating and a $5.50 price target for the company. StockNews.com raised eHealth from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada cut 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. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, eHealth currently has an average rating of “Hold” and an average price target of $6.38.

eHealth Price Performance

The stock has a market capitalization of $297.82 million, a P/E ratio of -3.53 and a beta of 0.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.10 and a quick ratio of 3.10. The company’s 50-day simple moving average is $7.15 and its 200-day simple moving average is $5.39.

Institutional Investors Weigh In On eHealth

A number of institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its position in shares of eHealth by 40.7% in the third quarter. Public Employees Retirement System of Ohio now owns 12,451 shares of the financial services provider’s stock valued at $51,000 after buying an additional 3,600 shares during the last quarter. Point72 DIFC Ltd raised its stake in eHealth by 3,996.8% in the 2nd quarter. Point72 DIFC Ltd now owns 12,741 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 12,430 shares during the period. Algert Global LLC lifted its holdings in eHealth by 76.6% during the 2nd quarter. Algert Global LLC now owns 18,392 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 7,980 shares during the last quarter. SkyView Investment Advisors LLC increased its holdings 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 purchasing an additional 6,694 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of eHealth by 15.5% in the second quarter. American Century Companies Inc. now owns 38,170 shares of the financial services provider’s stock valued at $173,000 after purchasing an additional 5,120 shares during the last quarter. 79.54% of the stock is owned by 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.