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

eHealth, Inc. (NASDAQ:EHTH)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.47 and traded as high as $4.78. eHealth shares last traded at $4.70, with a volume of 288,663 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. UBS Group lowered their target price on shares of eHealth from $7.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. Wall Street Zen lowered eHealth from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of eHealth in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.67.

eHealth Price Performance

The company has a market capitalization of $143.63 million, a PE ratio of -7.46 and a beta of 1.29. The stock’s 50 day simple moving average is $4.00 and its 200-day simple moving average is $4.47.

Hedge Funds Weigh In On eHealth

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Police & Firemen s Retirement System of New Jersey acquired a new position in eHealth in the second quarter valued at approximately $29,000. R Squared Ltd acquired a new position in eHealth in the second quarter valued at approximately $47,000. The Manufacturers Life Insurance Company acquired a new stake in shares of eHealth in the second quarter valued at approximately $48,000. Bank of America Corp DE boosted its holdings in shares of eHealth by 1,265.8% in the second quarter. Bank of America Corp DE now owns 11,186 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 10,367 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in shares of eHealth in the second quarter valued at approximately $55,000. 79.54% of the stock is 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.