eHealth (NASDAQ:EHTH) Stock Crosses Above 200 Day Moving Average – Time to Sell?

eHealth, Inc. (NASDAQ:EHTH)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.42 and traded as high as $9.51. eHealth shares last traded at $9.16, with a volume of 235,587 shares changing hands.

Analyst Ratings Changes

Several brokerages have recently weighed in on EHTH. StockNews.com raised eHealth from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. UBS Group started 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. Craig Hallum raised shares of eHealth from a “hold” rating to a “buy” rating and boosted their price target for the company from $5.00 to $7.00 in a report on Wednesday, November 6th. Finally, Royal Bank of Canada cut their price objective on eHealth from $13.00 to $11.00 and set a “sector perform” rating for the company in a report on Monday, November 25th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.38.

eHealth Price Performance

The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $271.45 million, a price-to-earnings ratio of -3.21 and a beta of 0.32. The stock has a fifty day moving average of $9.66 and a two-hundred day moving average of $6.42.

Hedge Funds Weigh In On eHealth

Large investors have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. raised its holdings in 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 worth $867,000 after purchasing an additional 98,793 shares during the last quarter. Barclays PLC grew its position in shares of eHealth by 104.3% during the 3rd quarter. Barclays PLC now owns 47,445 shares of the financial services provider’s stock worth $194,000 after buying an additional 24,224 shares during the period. RBF Capital LLC raised its stake in shares of eHealth by 29.0% during the third quarter. RBF Capital LLC now owns 443,141 shares of the financial services provider’s stock worth $1,808,000 after buying an additional 99,618 shares during the last quarter. Kera Capital Partners Inc. acquired a new position in eHealth in the fourth quarter valued at approximately $358,000. Finally, Assenagon Asset Management S.A. boosted its stake in eHealth by 43.0% in the third quarter. Assenagon Asset Management S.A. now owns 194,667 shares of the financial services provider’s stock valued at $794,000 after acquiring an additional 58,540 shares during the last quarter. 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.