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

eHealth (NASDAQ:EHTH) had its price target dropped by research analysts at Royal Bank of Canada from $13.00 to $11.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “sector perform” rating on the financial services provider’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 100.73% from the stock’s previous close.

Several other brokerages have also recently issued reports on EHTH. Craig Hallum upgraded shares of eHealth from a “hold” rating to a “buy” rating and raised their target price for the stock from $5.00 to $7.00 in a 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 raised eHealth from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th.

eHealth Stock Up 9.6 %

NASDAQ:EHTH traded up $0.48 on Monday, reaching $5.48. 51,068 shares of the stock traded hands, compared to its average volume of 256,648. The company’s fifty day simple moving average is $4.65 and its 200 day simple moving average is $4.68. The company has a market capitalization of $162.37 million, a price-to-earnings ratio of -1.92 and a beta of 0.49. eHealth has a 12 month low of $3.58 and a 12 month high of $9.45. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.14.

Hedge Funds Weigh In On eHealth

A number of institutional investors have recently bought and sold shares of EHTH. Cubist Systematic Strategies LLC raised its stake in eHealth by 307.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 175,878 shares of the financial services provider’s stock worth $797,000 after acquiring an additional 132,720 shares during the period. Marshall Wace LLP bought a new stake in shares of eHealth during the 2nd quarter valued at $675,000. American Century Companies Inc. raised its position in shares of eHealth by 15.5% during the 2nd 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 period. Renaissance Technologies LLC lifted its stake in shares of eHealth by 104.7% during the 2nd quarter. Renaissance Technologies LLC now owns 257,600 shares of the financial services provider’s stock valued at $1,167,000 after buying an additional 131,772 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in eHealth by 4.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 136,127 shares of the financial services provider’s stock worth $617,000 after buying an additional 5,565 shares during the period. 79.54% of the stock is owned by institutional investors.

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.