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

eHealth, Inc. (NASDAQ:EHTH)’s stock 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 trading hands.

Analyst Ratings Changes

Several brokerages recently weighed in on EHTH. UBS Group began coverage on eHealth in a research note on Wednesday, December 4th. They set a “neutral” rating and a $5.50 target price for the company. StockNews.com upgraded shares of eHealth from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Royal Bank of Canada lowered 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. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $6.38.

eHealth Trading Up 1.3 %

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 firm has a market cap of $234.45 million, a price-to-earnings ratio of -2.75 and a beta of 0.44. The company’s 50-day moving average is $9.59 and its 200-day moving average is $6.77.

eHealth (NASDAQ:EHTH) last announced its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.20. The firm had revenue of $315.18 million for the quarter, compared to analyst estimates of $293.47 million. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. On average, research analysts predict that eHealth, Inc. will post -2.17 earnings per share for the current year.

Hedge Funds Weigh In On eHealth

Several large investors have recently bought and sold shares of EHTH. Nantahala Capital Management LLC grew its holdings in eHealth by 5.1% during the fourth quarter. Nantahala Capital Management LLC now owns 2,009,500 shares of the financial services provider’s stock valued at $18,889,000 after purchasing an additional 97,679 shares during the period. Findell Capital Management LLC increased its holdings in eHealth by 16.4% during the 4th quarter. Findell Capital Management LLC now owns 1,373,000 shares of the financial services provider’s stock worth $12,906,000 after purchasing an additional 193,000 shares in the last quarter. Sona Asset Management US LLC bought a new position in shares of eHealth during the fourth quarter worth about $4,199,000. RBF Capital LLC grew its stake in shares of eHealth by 29.0% during the 3rd 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 in the last quarter. Finally, Millennium Management LLC grew its position in eHealth by 83.3% in the fourth quarter. Millennium Management LLC now owns 404,912 shares of the financial services provider’s stock valued at $3,806,000 after purchasing an additional 183,956 shares in 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.