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

eHealth (NASDAQ:EHTH) had its target price cut by Royal Bank of Canada from $13.00 to $11.00 in a research report report published on Monday morning,Benzinga reports. They currently have a sector perform rating on the financial services provider’s stock.

Several other brokerages also recently issued reports on EHTH. Deutsche Bank Aktiengesellschaft lowered their price target on eHealth from $5.00 to $2.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. 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. Finally, StockNews.com upgraded shares of eHealth from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th.

eHealth Trading Up 2.4 %

Shares of EHTH stock opened at $5.50 on Monday. The business’s 50 day moving average is $4.73 and its two-hundred day moving average is $4.69. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.14. eHealth has a 12 month low of $3.58 and a 12 month high of $9.45. The company has a market cap of $162.99 million, a PE ratio of -1.93 and a beta of 0.49.

Institutional Investors Weigh In On eHealth

A number of institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew its stake in shares of eHealth by 40.7% in 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 purchasing an additional 3,600 shares during the period. Summit Securities Group LLC acquired a new stake in shares of eHealth during the 2nd quarter worth about $53,000. Point72 DIFC Ltd lifted its holdings in eHealth by 3,996.8% during the 2nd quarter. Point72 DIFC Ltd now owns 12,741 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 12,430 shares during the last quarter. Algert Global LLC boosted its position in eHealth by 76.6% in the second quarter. Algert Global LLC now owns 18,392 shares of the financial services provider’s stock valued at $83,000 after buying an additional 7,980 shares in the last quarter. Finally, SkyView Investment Advisors LLC grew its stake in eHealth by 28.7% during the third quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider’s stock worth $122,000 after buying an additional 6,694 shares during 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.