Royal Bank of Canada Issues Pessimistic Forecast for eHealth (NASDAQ:EHTH) Stock Price

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

Several other research firms have also recently issued reports on EHTH. StockNews.com raised eHealth from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Craig Hallum raised eHealth from a “hold” rating to a “buy” rating and upped their price target for the stock from $5.00 to $7.00 in a research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on eHealth from $5.00 to $2.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th.

eHealth Price Performance

EHTH opened at $5.45 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.10 and a current ratio of 3.10. eHealth has a 52-week low of $3.58 and a 52-week high of $9.45. The stock has a market capitalization of $161.48 million, a PE ratio of -1.91 and a beta of 0.49. The stock’s 50 day moving average price is $4.67 and its 200-day moving average price is $4.68.

Institutional Investors Weigh In On eHealth

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC grew its stake in shares of eHealth by 307.5% in the second 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 last quarter. Marshall Wace LLP purchased a new stake in shares of eHealth in the second quarter worth $675,000. American Century Companies Inc. grew its stake in shares of eHealth by 15.5% in the second quarter. American Century Companies Inc. now owns 38,170 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 5,120 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of eHealth by 104.7% in the second quarter. Renaissance Technologies LLC now owns 257,600 shares of the financial services provider’s stock worth $1,167,000 after acquiring an additional 131,772 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of 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 worth $617,000 after acquiring an additional 5,565 shares during the last quarter. 79.54% of the stock is owned by hedge funds and other 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.