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

eHealth, Inc. (NASDAQ:EHTH - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.77 and traded as high as $10.24. eHealth shares last traded at $9.94, with a volume of 290,787 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EHTH. Craig Hallum raised shares of eHealth from a "hold" rating to a "buy" rating and increased their target price for the company from $5.00 to $7.00 in a research report on Wednesday, November 6th. UBS Group started coverage on eHealth in a report on Wednesday, December 4th. They set a "neutral" rating and a $5.50 price objective for the company. Royal Bank of Canada lowered their target price on eHealth from $13.00 to $11.00 and set a "sector perform" rating on the stock in a research note on Monday, November 25th. Finally, StockNews.com raised eHealth from a "sell" rating to a "hold" rating in a research report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $6.38.

eHealth Price Performance

The firm has a market cap of $298.08 million, a P/E ratio of -3.53 and a beta of 0.32. The business's fifty day simple moving average is $8.33 and its 200-day simple moving average is $5.86. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.14.

Institutional Trading of eHealth

A number of institutional investors have recently added to or reduced their stakes in EHTH. R Squared Ltd purchased a new position in eHealth during the 4th quarter valued at about $29,000. Public Employees Retirement System of Ohio grew its stake in eHealth by 40.7% during the third quarter. Public Employees Retirement System of Ohio now owns 12,451 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 3,600 shares in the last quarter. Algert Global LLC increased its holdings in eHealth by 76.6% during the 2nd quarter. Algert Global LLC now owns 18,392 shares of the financial services provider's stock worth $83,000 after acquiring an additional 7,980 shares during the period. SkyView Investment Advisors LLC increased its holdings in eHealth by 28.7% during the 3rd quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider's stock worth $122,000 after acquiring an additional 6,694 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in eHealth in the 2nd quarter worth approximately $178,000. 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.