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

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

EHTH has been the subject of several other reports. Craig Hallum raised eHealth from a “hold” rating to a “buy” rating and increased their price target for the company from $5.00 to $7.00 in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft cut their price objective on eHealth from $5.00 to $2.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. Finally, StockNews.com upgraded shares of eHealth from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th.

eHealth Trading Up 2.4 %

eHealth stock opened at $5.50 on Monday. The company has a market cap of $162.97 million, a price-to-earnings ratio of -2.00 and a beta of 0.49. The firm has a 50-day moving average of $4.70 and a 200-day moving average of $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. eHealth has a one year low of $3.58 and a one year high of $9.45.

Institutional Trading of eHealth

Several institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its stake 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 worth $51,000 after acquiring an additional 3,600 shares during the period. Summit Securities Group LLC bought a new position in eHealth during the second quarter worth $53,000. Point72 DIFC Ltd increased its holdings in shares of eHealth by 3,996.8% in the second 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 lifted its stake in shares of eHealth by 76.6% during the 2nd quarter. Algert Global LLC now owns 18,392 shares of the financial services provider’s stock worth $83,000 after buying an additional 7,980 shares during the last quarter. Finally, SkyView Investment Advisors LLC lifted its stake 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 worth $122,000 after buying an additional 6,694 shares during 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.