eHealth (NASDAQ:EHTH) Stock Crosses Above 200 Day Moving Average – What’s Next?

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

Analyst Upgrades and Downgrades

EHTH has been the topic of a number of recent analyst reports. Royal Bank Of Canada dropped their price target on shares of eHealth from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 25th. Weiss Ratings restated a “sell (d+)” rating on shares of eHealth in a report on Monday. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $7.00.

eHealth Price Performance

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 stock has a 50-day simple moving average of $4.30 and a 200 day simple moving average of $4.13. The company has a market cap of $141.50 million, a P/E ratio of -17.69 and a beta of 1.27.

Institutional Trading of eHealth

A number of hedge funds and other institutional investors have recently made changes to their positions in EHTH. Police & Firemen s Retirement System of New Jersey bought a new position in eHealth during the second quarter worth about $29,000. R Squared Ltd bought a new position in eHealth during the 2nd quarter worth $47,000. The Manufacturers Life Insurance Company bought a new stake in eHealth during the second quarter worth about $48,000. Bank of America Corp DE raised its position in eHealth by 1,265.8% during the second quarter. Bank of America Corp DE now owns 11,186 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 10,367 shares in the last quarter. Finally, Alliancebernstein L.P. bought a new stake in shares of eHealth during the 3rd quarter worth $54,000. 79.54% of the stock is currently owned by institutional investors and hedge funds.

About eHealth

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.