eHealth (NASDAQ:EHTH) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of eHealth, Inc. (NASDAQ:EHTH) 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.

Analysts Set New Price Targets

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

eHealth Stock 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 50-day simple moving average of $7.15 and a 200-day simple moving average of $5.39. The company has a market capitalization of $297.82 million, a price-to-earnings ratio of -3.53 and a beta of 0.31.

Institutional Investors Weigh In On eHealth

Institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its stake in shares of eHealth by 40.7% during 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 acquiring an additional 3,600 shares during the period. Point72 DIFC Ltd grew its position in eHealth by 3,996.8% during the second quarter. Point72 DIFC Ltd now owns 12,741 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 12,430 shares in the last quarter. Algert Global LLC increased its stake in shares of eHealth by 76.6% in the second quarter. Algert Global LLC now owns 18,392 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 7,980 shares during the last quarter. SkyView Investment Advisors LLC raised its position in eHealth by 28.7% during the third quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 6,694 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in eHealth by 15.5% in the second 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 in the last quarter. Institutional investors and hedge funds own 79.54% of the company’s stock.

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.