eHealth (NASDAQ:EHTH) Price Target Cut to $11.00 by Analysts at Royal Bank of Canada

eHealth (NASDAQ:EHTH) had its price target lowered by analysts at Royal Bank of Canada from $13.00 to $11.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “sector perform” rating on the financial services provider’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 100.73% from the company’s current price.

Several other research analysts have also issued reports on the company. StockNews.com raised eHealth from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on eHealth from $5.00 to $2.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. Finally, Craig Hallum upgraded eHealth from a “hold” rating to a “buy” rating and upped their target price for the company from $5.00 to $7.00 in a report on Wednesday, November 6th.

eHealth Trading Up 9.6 %

EHTH traded up $0.48 during trading on Monday, reaching $5.48. 51,068 shares of the company’s stock were exchanged, compared to its average volume of 256,648. The firm has a fifty day moving average price of $4.65 and a two-hundred day moving average price of $4.68. The stock has a market capitalization of $162.37 million, a PE ratio of -1.92 and a beta of 0.49. eHealth has a one year low of $3.58 and a one year high of $9.45. 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EHTH. Marshall Wace LLP bought a new stake in shares of eHealth in the second quarter valued at $675,000. Cubist Systematic Strategies LLC raised its position in shares of eHealth by 307.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 175,878 shares of the financial services provider’s stock valued at $797,000 after buying an additional 132,720 shares in the last quarter. Renaissance Technologies LLC boosted its stake in eHealth by 104.7% in the second quarter. Renaissance Technologies LLC now owns 257,600 shares of the financial services provider’s stock worth $1,167,000 after buying an additional 131,772 shares in the last quarter. RBF Capital LLC raised its position in eHealth by 29.0% in the 3rd quarter. RBF Capital LLC now owns 443,141 shares of the financial services provider’s stock worth $1,808,000 after purchasing an additional 99,618 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of eHealth by 86.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 212,555 shares of the financial services provider’s stock valued at $867,000 after acquiring an additional 98,793 shares during the last quarter. 79.54% of the stock is currently owned by hedge funds and other institutional investors.

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.