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

eHealth, Inc. (NASDAQ:EHTH - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.43 and traded as high as $5.21. eHealth shares last traded at $5.05, with a volume of 298,744 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EHTH. Weiss Ratings reaffirmed a "sell (d)" rating on shares of eHealth in a report on Wednesday, October 8th. UBS Group lowered their price objective on eHealth from $7.00 to $5.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Finally, Wall Street Zen lowered shares of eHealth from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $7.67.

eHealth Price Performance

The firm has a fifty day simple moving average of $4.15 and a 200-day simple moving average of $4.43. The firm has a market cap of $154.33 million, a P/E ratio of -8.02 and a beta of 1.29.

Institutional Trading of eHealth

Several hedge funds have recently bought and sold shares of EHTH. Informed Momentum Co LLC acquired a new position in eHealth during the first quarter worth $475,000. Truffle Hound Capital LLC increased its position in shares of eHealth by 185.7% during the first quarter. Truffle Hound Capital LLC now owns 200,000 shares of the financial services provider's stock worth $1,336,000 after acquiring an additional 130,000 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of eHealth by 107.0% in the 1st quarter. Acadian Asset Management LLC now owns 445,911 shares of the financial services provider's stock worth $2,976,000 after acquiring an additional 230,480 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in eHealth in the 1st quarter valued at about $506,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in eHealth by 203.4% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 537,138 shares of the financial services provider's stock valued at $3,588,000 after acquiring an additional 360,126 shares in the last quarter. Institutional investors and hedge funds 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.

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