eHealth (NASDAQ:EHTH) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

eHealth, Inc. (NASDAQ:EHTH - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.03 and traded as high as $10.47. eHealth shares last traded at $9.97, with a volume of 732,052 shares.

Analysts Set New Price Targets

Several equities research analysts have weighed in on EHTH shares. Royal Bank of Canada cut their price target on eHealth from $13.00 to $11.00 and set a "sector perform" rating on the stock in a report on Monday, November 25th. UBS Group began coverage on shares of eHealth in a report on Wednesday, December 4th. They issued a "neutral" rating and a $5.50 target price on the stock. Craig Hallum upgraded shares of eHealth from a "hold" rating to a "buy" rating and boosted their price target for the stock from $5.00 to $7.00 in a report on Wednesday, November 6th. Finally, StockNews.com raised shares of eHealth from a "sell" rating to a "hold" rating in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, eHealth currently has an average rating of "Hold" and an average price target of $6.38.

eHealth Stock Performance

The firm has a 50 day moving average of $9.05 and a two-hundred day moving average of $6.13. 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 stock has a market cap of $330.08 million, a PE ratio of -3.91 and a beta of 0.32.

Institutional Trading of eHealth

Several institutional investors have recently modified their holdings of EHTH. American Century Companies Inc. lifted its stake in eHealth by 4.0% in the fourth quarter. American Century Companies Inc. now owns 46,422 shares of the financial services provider's stock valued at $436,000 after buying an additional 1,772 shares during the last quarter. R Squared Ltd purchased a new stake in eHealth in the 4th quarter valued at $29,000. Public Employees Retirement System of Ohio grew its position in eHealth by 40.7% during 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 purchasing an additional 3,600 shares during the last quarter. Sei Investments Co. increased its stake in eHealth by 5.3% in the fourth quarter. Sei Investments Co. now owns 110,728 shares of the financial services provider's stock valued at $1,041,000 after purchasing an additional 5,622 shares during the period. Finally, SkyView Investment Advisors LLC raised its holdings in shares of eHealth by 28.7% in the third quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider's stock valued at $122,000 after buying an additional 6,694 shares during the last quarter. Hedge funds and other institutional investors 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.