eHealth (NASDAQ:EHTH) Stock Crosses Above 200 Day Moving Average - Here's What Happened

eHealth, Inc. (NASDAQ:EHTH - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.77 and traded as high as $8.13. eHealth shares last traded at $7.83, with a volume of 147,984 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on EHTH shares. UBS Group started coverage on shares of eHealth in a research note on Wednesday, December 4th. They issued a "neutral" rating and a $5.50 price objective for the company. StockNews.com raised shares of eHealth from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Royal Bank of Canada cut their price objective on shares of eHealth from $13.00 to $11.00 and set a "sector perform" rating for the company in a research note on Monday, November 25th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $6.38.

eHealth Stock Down 4.9 %

The firm has a market cap of $218.58 million, a PE ratio of -2.56 and a beta of 0.44. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.10 and a current ratio of 3.10. The company's 50-day simple moving average is $9.54 and its two-hundred day simple moving average is $6.83.

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eHealth (NASDAQ:EHTH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.20. The business had revenue of $315.18 million during the quarter, compared to analysts' expectations of $293.47 million. eHealth had a negative net margin of 7.58% and a negative return on equity of 5.70%. On average, analysts predict that eHealth, Inc. will post -2.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. R Squared Ltd bought a new position in eHealth in the 4th quarter worth $29,000. Graham Capital Management L.P. bought a new position in eHealth in the 4th quarter worth $110,000. Prudential Financial Inc. bought a new position in eHealth in the 4th quarter worth $111,000. Public Employees Retirement System of Ohio increased its stake in shares of eHealth by 40.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,451 shares of the financial services provider's stock worth $51,000 after acquiring an additional 3,600 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of eHealth in the 4th quarter worth about $145,000. 79.54% of the stock is currently owned by institutional investors.

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.