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

eHealth, Inc. (NASDAQ:EHTH)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.61 and traded as high as $8.55. eHealth shares last traded at $8.29, with a volume of 256,545 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on EHTH shares. Royal Bank of Canada cut their target price on eHealth from $13.00 to $11.00 and set a “sector perform” rating on the stock in a research report on Monday, November 25th. StockNews.com raised eHealth from a “sell” rating to a “hold” rating in a research note on Friday. Finally, UBS Group assumed coverage on shares of eHealth in a research report on Wednesday, December 4th. They set a “neutral” rating and a $5.50 target price on the stock. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.38.

eHealth Price Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 3.10 and a quick ratio of 3.10. The firm has a market capitalization of $243.14 million, a PE ratio of -2.85 and a beta of 0.44. The company has a 50-day moving average price of $9.73 and a 200-day moving average price of $6.66.

eHealth (NASDAQ:EHTH) last released its earnings results on Wednesday, February 26th. The financial services provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.20. The company had revenue of $315.18 million for the quarter, compared to analyst estimates of $293.47 million. eHealth had a negative net margin of 7.58% and a negative return on equity of 5.70%. Sell-side analysts forecast that eHealth, Inc. will post -2.17 EPS for the current year.

Institutional Trading of eHealth

Hedge funds have recently added to or reduced their stakes in the business. AMH Equity Ltd purchased a new position in shares of eHealth in the 4th quarter worth $426,000. Jacobs Levy Equity Management Inc. increased 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 stake in eHealth by 104.3% in the third quarter. Barclays PLC now owns 47,445 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 24,224 shares in the last quarter. RBF Capital LLC boosted its holdings in eHealth by 29.0% in the third quarter. RBF Capital LLC now owns 443,141 shares of the financial services provider’s stock worth $1,808,000 after purchasing an additional 99,618 shares during the period. Finally, Kera Capital Partners Inc. bought a new position in shares of eHealth during the fourth quarter valued at approximately $358,000. 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.