eHealth (NASDAQ:EHTH) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

eHealth, Inc. (NASDAQ:EHTH) shares passed 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 traded.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EHTH. Royal Bank of Canada cut their price target on shares of eHealth from $13.00 to $11.00 and set a “sector perform” rating for the company in a report on Monday, November 25th. UBS Group initiated coverage on eHealth in a report on Wednesday, December 4th. They issued a “neutral” rating and a $5.50 target price on the stock. StockNews.com raised eHealth from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Craig Hallum raised eHealth from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $5.00 to $7.00 in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, eHealth currently has an average rating of “Hold” and a consensus target price of $6.38.

eHealth Trading Up 1.6 %

The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.10 and a current ratio of 3.10. The company’s 50 day moving average price is $7.15 and its 200 day moving average price is $5.39.

Institutional Investors Weigh In On eHealth

Several hedge funds and other institutional investors have recently made changes to their positions in EHTH. American Century Companies Inc. raised its holdings in eHealth by 15.5% during the 2nd quarter. American Century Companies Inc. now owns 38,170 shares of the financial services provider’s stock worth $173,000 after purchasing an additional 5,120 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of eHealth by 104.7% during the second quarter. Renaissance Technologies LLC now owns 257,600 shares of the financial services provider’s stock worth $1,167,000 after buying an additional 131,772 shares during the last quarter. XTX Topco Ltd lifted its holdings in eHealth by 258.1% in the second quarter. XTX Topco Ltd now owns 76,983 shares of the financial services provider’s stock valued at $349,000 after buying an additional 55,484 shares during the period. Marshall Wace LLP bought a new position in eHealth in the second quarter valued at approximately $675,000. Finally, Point72 DIFC Ltd grew its holdings in eHealth by 3,996.8% during the 2nd quarter. Point72 DIFC Ltd now owns 12,741 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 12,430 shares during the period. 79.54% of the stock is owned by institutional investors and hedge funds.

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.