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

eHealth, Inc. (NASDAQ:EHTH)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.67 and traded as high as $5.42. eHealth shares last traded at $5.11, with a volume of 264,684 shares traded.

Analyst Ratings Changes

Several research firms have commented on EHTH. StockNews.com upgraded shares of eHealth from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on eHealth from $5.00 to $2.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. Finally, Craig Hallum upgraded shares of eHealth from a “hold” rating to a “buy” rating and raised their target price for the stock from $5.00 to $7.00 in a research note on Wednesday, November 6th.

eHealth Price Performance

The stock has a market cap of $141.65 million, a price-to-earnings ratio of -1.69 and a beta of 0.49. The stock has a fifty day moving average of $4.50 and a two-hundred day moving average of $4.67. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.14.

Institutional Trading of eHealth

Several large investors have recently bought and sold shares of EHTH. Summit Securities Group LLC purchased a new stake in shares of eHealth during the second quarter worth about $53,000. Point72 DIFC Ltd boosted 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 worth $58,000 after buying an additional 12,430 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in eHealth by 76.7% in the 1st quarter. BNP Paribas Financial Markets now owns 13,323 shares of the financial services provider’s stock valued at $80,000 after buying an additional 5,782 shares during the period. Algert Global LLC increased its stake in shares of 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 acquiring an additional 7,980 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of 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 acquiring an additional 5,120 shares during the period. 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.