eHealth (NASDAQ:EHTH) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

eHealth, Inc. (NASDAQ:EHTH - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.35 and traded as high as $10.25. eHealth shares last traded at $10.05, with a volume of 276,563 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Royal Bank of Canada decreased their price target 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. Craig Hallum raised shares of eHealth from a "hold" rating to a "buy" rating and raised their target price for the company from $5.00 to $7.00 in a report on Wednesday, November 6th. UBS Group initiated coverage on shares of eHealth in a report on Wednesday, December 4th. They set a "neutral" rating and a $5.50 price target for the company. Finally, StockNews.com upgraded shares of eHealth from a "sell" rating to a "hold" rating in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, eHealth currently has an average rating of "Hold" and a consensus price target of $6.38.

eHealth Stock Performance

The firm has a market capitalization of $297.78 million, a price-to-earnings ratio of -3.53 and a beta of 0.31. 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 stock's 50-day moving average is $7.15 and its 200-day moving average is $5.39.

Hedge Funds Weigh In On eHealth

Several large investors have recently bought and sold shares of EHTH. Marshall Wace LLP bought a new stake in shares of eHealth in the second quarter worth $675,000. Cubist Systematic Strategies LLC grew its position in shares of eHealth by 307.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 175,878 shares of the financial services provider's stock valued at $797,000 after buying an additional 132,720 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of eHealth by 104.7% in the 2nd quarter. Renaissance Technologies LLC now owns 257,600 shares of the financial services provider's stock valued at $1,167,000 after buying an additional 131,772 shares during the last quarter. RBF Capital LLC raised its position in shares of eHealth by 29.0% during the third quarter. RBF Capital LLC now owns 443,141 shares of the financial services provider's stock worth $1,808,000 after acquiring an additional 99,618 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of eHealth by 86.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 212,555 shares of the financial services provider's stock worth $867,000 after acquiring an additional 98,793 shares during the period. 79.54% of the stock is currently owned by institutional investors.

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.