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

eHealth (NASDAQ:EHTH) had its target price reduced by Royal Bank of Canada from $13.00 to $11.00 in a report published on Monday morning,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 a number of other research reports. StockNews.com upgraded eHealth from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their target price on eHealth from $5.00 to $2.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. Finally, Craig Hallum upgraded eHealth from a “hold” rating to a “buy” rating and boosted their target price for the stock from $5.00 to $7.00 in a research report on Wednesday, November 6th.

eHealth Stock Performance

Shares of EHTH opened at $5.45 on Monday. The company has a market cap of $161.48 million, a PE ratio of -1.91 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. The stock has a 50-day moving average price of $4.67 and a 200-day moving average price of $4.68. eHealth has a 12-month low of $3.58 and a 12-month high of $9.45.

Institutional Trading of eHealth

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. ClariVest Asset Management LLC lifted 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 valued at $452,000 after purchasing an additional 2,789 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in 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 during the last quarter. American Century Companies Inc. lifted its position in eHealth by 15.5% in the second quarter. American Century Companies Inc. now owns 38,170 shares of the financial services provider’s stock valued at $173,000 after purchasing an additional 5,120 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in eHealth by 4.3% in the second quarter. Assenagon Asset Management S.A. now owns 136,127 shares of the financial services provider’s stock valued at $617,000 after purchasing an additional 5,565 shares during the last quarter. Finally, SkyView Investment Advisors LLC lifted its position in eHealth by 28.7% in the third quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 6,694 shares during the last quarter. 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.