Royal Bank of Canada Cuts eHealth (NASDAQ:EHTH) Price Target to $11.00

eHealth (NASDAQ:EHTH) had its price objective lowered by Royal Bank of Canada from $13.00 to $11.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently 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 104.84% from the stock’s current price.

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

eHealth Trading Down 1.5 %

Shares of eHealth stock opened at $5.37 on Monday. The stock has a fifty day simple moving average of $4.67 and a 200 day simple moving average of $4.68. eHealth has a 12-month low of $3.58 and a 12-month high of $9.45. The company has a market capitalization of $159.11 million, a P/E ratio of -1.88 and a beta of 0.49. 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 bought and sold shares of the business. ClariVest Asset Management LLC boosted its position in eHealth by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 99,737 shares of the financial services provider’s stock worth $452,000 after purchasing an additional 2,789 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of eHealth by 40.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,451 shares of the financial services provider’s stock valued at $51,000 after buying an additional 3,600 shares during the last quarter. American Century Companies Inc. lifted its position in shares of eHealth by 15.5% during the 2nd quarter. American Century Companies Inc. now owns 38,170 shares of the financial services provider’s stock valued at $173,000 after buying an additional 5,120 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of eHealth by 4.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 136,127 shares of the financial services provider’s stock valued at $617,000 after buying an additional 5,565 shares during the last quarter. Finally, SkyView Investment Advisors LLC lifted its position in shares of eHealth by 28.7% during the 3rd quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider’s stock valued at $122,000 after buying an additional 6,694 shares during the last quarter. Hedge funds and other institutional investors 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.