eHealth (NASDAQ:EHTH) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

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 changing hands.

Wall Street Analysts Forecast Growth

EHTH has been the subject of several recent analyst reports. Royal Bank of Canada lowered their target price on eHealth from $13.00 to $11.00 and set a “sector perform” rating for the company in a research note on Monday, November 25th. StockNews.com upgraded eHealth from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Finally, UBS Group began coverage on eHealth in a research report on Wednesday, December 4th. They issued a “neutral” rating and a $5.50 target price on the stock. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $6.38.

eHealth Price Performance

The company’s 50-day moving average price is $9.59 and its two-hundred day moving average price is $6.79. The company has a market cap of $234.45 million, a P/E ratio of -2.75 and a beta of 0.44. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.14.

eHealth (NASDAQ:EHTH) last released its earnings results on Wednesday, February 26th. The financial services provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.20. The company had revenue of $315.18 million during the quarter, compared to the consensus estimate of $293.47 million. eHealth had a negative net margin of 7.58% and a negative return on equity of 5.70%. As a group, sell-side analysts expect that eHealth, Inc. will post -2.17 earnings per share for the current year.

Institutional Investors Weigh In On eHealth

A number of institutional investors have recently modified their holdings of EHTH. Sona Asset Management US LLC bought a new stake in shares of eHealth during the 4th quarter valued at about $4,199,000. Findell Capital Management LLC grew its position in shares of 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 valued at $12,906,000 after buying an additional 193,000 shares during the last quarter. Millennium Management LLC grew its position in shares of eHealth by 83.3% during the 4th quarter. Millennium Management LLC now owns 404,912 shares of the financial services provider’s stock valued at $3,806,000 after buying an additional 183,956 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of eHealth during the 4th quarter valued at about $1,383,000. Finally, Two Sigma Advisers LP grew its position in shares of eHealth by 86.6% during the 4th quarter. Two Sigma Advisers LP now owns 277,700 shares of the financial services provider’s stock valued at $2,610,000 after buying an additional 128,900 shares during the last quarter. Institutional investors own 79.54% of the company’s stock.

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.