Royal Bank of Canada Has Lowered Expectations for eHealth (NASDAQ:EHTH) Stock Price

eHealth (NASDAQ:EHTH) had its target price reduced by Royal Bank of Canada from $13.00 to $11.00 in a report 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 suggests a potential upside of 104.84% from the company’s previous close.

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

eHealth Price Performance

eHealth stock opened at $5.37 on Monday. The stock’s 50 day moving average is $4.67 and its 200 day moving average is $4.68. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.10 and a quick ratio of 3.10. The firm has a market cap of $159.11 million, a P/E ratio of -1.88 and a beta of 0.49. eHealth has a one year low of $3.58 and a one year high of $9.45.

Institutional Investors Weigh In On eHealth

Hedge funds and other institutional investors have recently modified their holdings of the company. Summit Securities Group LLC bought a new stake in shares of eHealth during the second quarter valued at approximately $53,000. Public Employees Retirement System of Ohio increased its holdings in shares of eHealth by 40.7% during the third quarter. Public Employees Retirement System of Ohio now owns 12,451 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 3,600 shares in the last quarter. Point72 DIFC Ltd increased its holdings in shares of eHealth by 3,996.8% during the second quarter. Point72 DIFC Ltd now owns 12,741 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 12,430 shares in the last quarter. Algert Global LLC increased its holdings in shares of eHealth by 76.6% during the second quarter. Algert Global LLC now owns 18,392 shares of the financial services provider’s stock valued at $83,000 after acquiring an additional 7,980 shares in the last quarter. Finally, SkyView Investment Advisors LLC increased its holdings in shares of eHealth by 28.7% during the third quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 6,694 shares in the last quarter. Institutional investors own 79.54% of the company’s stock.

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.