eHealth (NASDAQ:EHTH) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of eHealth, Inc. (NASDAQ:EHTH) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. StockNews.com upgraded eHealth from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of 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 lifted their target price for the stock from $5.00 to $7.00 in a research note on Wednesday, November 6th.

eHealth Stock Down 0.8 %

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 business’s 50-day simple moving average is $4.50 and its 200-day simple moving average is $4.67. The company has a market capitalization of $141.65 million, a PE ratio of -1.69 and a beta of 0.49.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EHTH. Marshall Wace LLP acquired a new position in shares of eHealth in the 2nd quarter valued at about $675,000. Cubist Systematic Strategies LLC increased its holdings in eHealth by 307.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 175,878 shares of the financial services provider’s stock worth $797,000 after acquiring an additional 132,720 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of eHealth by 104.7% during the 2nd quarter. Renaissance Technologies LLC now owns 257,600 shares of the financial services provider’s stock worth $1,167,000 after purchasing an additional 131,772 shares during the last quarter. RBF Capital LLC grew its position in shares of eHealth by 29.0% in the third quarter. RBF Capital LLC now owns 443,141 shares of the financial services provider’s stock valued at $1,808,000 after purchasing an additional 99,618 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of 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 valued at $867,000 after acquiring an additional 98,793 shares during the last quarter. 79.54% of the stock is currently owned by institutional investors and hedge funds.

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.