eHealth (NASDAQ:EHTH) Price Target Lowered to $3.00 at Royal Bank Of Canada

eHealth (NASDAQ:EHTH) had its target price trimmed by Royal Bank Of Canada from $9.00 to $3.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a sector perform rating on the financial services provider’s stock.

A number of other equities research analysts have also recently weighed in on EHTH. Weiss Ratings restated a “sell (d+)” rating on shares of eHealth in a research note on Monday, December 29th. Craig Hallum downgraded shares of eHealth from a “buy” rating to a “hold” rating and set a $2.00 target price for the company. in a report on Thursday, February 26th. Finally, Zacks Research lowered shares of eHealth from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $3.33.

eHealth Stock Performance

Shares of EHTH stock opened at $1.55 on Wednesday. The firm has a market cap of $48.01 million, a price-to-earnings ratio of -2.18 and a beta of 1.27. The company’s 50 day moving average is $2.62 and its 200 day moving average is $3.70. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.19. eHealth has a 52-week low of $1.20 and a 52-week high of $8.44.

eHealth (NASDAQ:EHTH) last posted its earnings results on Wednesday, February 25th. The financial services provider reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.38 by ($0.32). The company had revenue of $326.24 million for the quarter, compared to analysts’ expectations of $318.25 million. eHealth had a return on equity of 5.46% and a net margin of 6.12%. On average, sell-side analysts anticipate that eHealth will post -2.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other eHealth news, CFO John Joseph Dolan bought 25,000 shares of eHealth stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average cost of $1.53 per share, with a total value of $38,250.00. Following the transaction, the chief financial officer directly owned 208,755 shares of the company’s stock, valued at approximately $319,395.15. This represents a 13.61% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On eHealth

Several institutional investors have recently added to or reduced their stakes in the business. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of eHealth during the second quarter valued at about $29,000. The Manufacturers Life Insurance Company acquired a new stake in eHealth in the 2nd quarter worth approximately $48,000. Bank of America Corp DE boosted its stake in eHealth by 1,265.8% in the 2nd quarter. Bank of America Corp DE now owns 11,186 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 10,367 shares in the last quarter. Alliancebernstein L.P. purchased a new stake in eHealth during the 3rd quarter worth approximately $54,000. Finally, Intech Investment Management LLC purchased a new stake in eHealth during the 2nd quarter worth approximately $55,000. Institutional investors and hedge funds own 79.54% of the company’s stock.

About eHealth

eHealth, Inc operates one of the largest online private health insurance exchanges in the United States. The company’s platform enables consumers to compare, select and enroll in individual, family and small-group health insurance plans offered by a broad network of licensed insurance carriers. In addition to Affordable Care Act–compliant offerings, eHealth provides dedicated services for Medicare Advantage, Medicare Supplement and Medicare Part D prescription drug plans, helping seniors navigate the complexities of Medicare coverage.

Through its digital marketplace, eHealth delivers real-time quotes, detailed plan comparisons and enrollment processing.