eHealth (NASDAQ:EHTH) Given New $3.00 Price Target at Royal Bank Of Canada

eHealth (NASDAQ:EHTH) had its price objective decreased by stock analysts at Royal Bank Of Canada from $9.00 to $3.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “sector perform” rating on the financial services provider’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 98.28% from the stock’s previous close.

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

eHealth Stock Down 6.6%

NASDAQ:EHTH traded down $0.11 during trading hours on Wednesday, hitting $1.51. The stock had a trading volume of 214,271 shares, compared to its average volume of 796,828. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.19. eHealth has a 1-year low of $1.20 and a 1-year high of $8.44. The business has a 50 day simple moving average of $2.68 and a two-hundred day simple moving average of $3.71. The company has a market cap of $47.01 million, a PE ratio of -2.12 and a beta of 1.27.

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

Insider Buying and Selling at eHealth

In related news, CFO John Joseph Dolan bought 25,000 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $1.53 per share, for a total transaction of $38,250.00. Following the purchase, the chief financial officer owned 208,755 shares in the company, valued at $319,395.15. This trade represents a 13.61% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On eHealth

Hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC lifted its position in shares of eHealth by 31.2% in the 2nd quarter. Acadian Asset Management LLC now owns 584,930 shares of the financial services provider’s stock worth $2,538,000 after buying an additional 139,019 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of eHealth by 25.9% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 676,234 shares of the financial services provider’s stock valued at $2,942,000 after buying an additional 139,096 shares during the period. Squarepoint Ops LLC grew its position in shares of eHealth by 333.8% during the 2nd quarter. Squarepoint Ops LLC now owns 210,661 shares of the financial services provider’s stock valued at $916,000 after buying an additional 162,094 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in eHealth during the third quarter worth about $69,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in eHealth during the second quarter worth about $68,000. 79.54% of the stock is currently owned by institutional investors and hedge funds.

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.