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

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

A number of other analysts have also weighed in on the company. StockNews.com upgraded eHealth from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of eHealth from $5.00 to $2.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. Finally, Craig Hallum upgraded eHealth from a “hold” rating to a “buy” rating and raised their price target for the company from $5.00 to $7.00 in a report on Wednesday, November 6th.

eHealth Stock Up 2.4 %

NASDAQ EHTH opened at $5.50 on Monday. The stock’s 50 day simple moving average is $4.70 and its 200 day simple moving average is $4.68. eHealth has a one year low of $3.58 and a one year high of $9.45. The firm has a market cap of $162.97 million, a PE ratio of -2.00 and a beta of 0.49. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.10 and a quick ratio of 3.10.

Institutional Investors Weigh In On eHealth

Several large investors have recently bought and sold shares of EHTH. SkyView Investment Advisors LLC raised 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 worth $122,000 after acquiring an additional 6,694 shares during the period. Barclays PLC raised its stake in shares of eHealth by 104.3% in the 3rd quarter. Barclays PLC now owns 47,445 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 24,224 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of eHealth by 40.7% in 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 purchasing an additional 3,600 shares in the last quarter. RBF Capital LLC boosted its position in shares of eHealth by 29.0% during the third quarter. RBF Capital LLC now owns 443,141 shares of the financial services provider’s stock worth $1,808,000 after buying an additional 99,618 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of eHealth by 86.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 212,555 shares of the financial services provider’s stock worth $867,000 after buying an additional 98,793 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.