Royal Bank of Canada Reaffirms “Sector Perform” Rating for eHealth (NASDAQ:EHTH)

Royal Bank of Canada reiterated their sector perform rating on shares of eHealth (NASDAQ:EHTH) in a report published on Monday morning,Benzinga reports. Royal Bank of Canada currently has a $11.00 target price on the financial services provider’s stock.

A number of other research firms have also recently issued reports on EHTH. StockNews.com cut eHealth from a “buy” rating to a “hold” rating in a report on Sunday, May 11th. UBS Group cut their price target on eHealth from $9.50 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, eHealth presently has a consensus rating of “Hold” and an average target price of $6.75.

eHealth Stock Performance

Shares of EHTH stock opened at $4.57 on Monday. The business’s 50-day moving average price is $5.96 and its 200-day moving average price is $7.33. 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 firm has a market capitalization of $138.59 million, a price-to-earnings ratio of -1.60 and a beta of 1.11. eHealth has a 12 month low of $3.58 and a 12 month high of $11.36.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.08. The company had revenue of $113.12 million for the quarter, compared to analyst estimates of $99.46 million. eHealth had a negative return on equity of 5.70% and a negative net margin of 7.58%. Equities research analysts forecast that eHealth will post -2.17 EPS for the current year.

Hedge Funds Weigh In On eHealth

A number of institutional investors have recently modified their holdings of EHTH. R Squared Ltd acquired a new position in shares of eHealth during the fourth quarter worth approximately $29,000. Graham Capital Management L.P. acquired a new position in shares of eHealth during the fourth quarter worth approximately $110,000. Prudential Financial Inc. acquired a new position in shares of eHealth during the fourth quarter worth approximately $111,000. Cannon Global Investment Management LLC acquired a new position in shares of eHealth during the first quarter worth approximately $121,000. Finally, Quantbot Technologies LP acquired a new position in shares of eHealth during the first quarter worth approximately $121,000. 79.54% of the stock is owned by institutional investors and hedge funds.

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.