eHealth (NASDAQ:EHTH) Receives Sector Perform Rating from Royal Bank of Canada

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

EHTH has been the topic of a number of other reports. StockNews.com lowered eHealth from a “buy” rating to a “hold” rating in a research report on Sunday, May 11th. UBS Group lowered their target price on shares of eHealth from $9.50 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, eHealth has an average rating of “Hold” and a consensus price target of $6.75.

eHealth Trading Up 5.4%

NASDAQ EHTH opened at $4.66 on Monday. eHealth has a 12 month low of $3.58 and a 12 month high of $11.36. 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 $141.32 million, a PE ratio of -1.64 and a beta of 1.11. The business’s 50-day moving average price is $6.08 and its two-hundred day moving average price is $7.37.

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

Institutional Investors Weigh In On eHealth

Hedge funds have recently made changes to their positions in the business. 8 Knots Management LLC boosted its stake in eHealth by 2.8% in the first quarter. 8 Knots Management LLC now owns 2,463,962 shares of the financial services provider’s stock valued at $16,459,000 after acquiring an additional 67,775 shares during the last quarter. Nantahala Capital Management LLC increased its position in eHealth by 5.1% in the fourth quarter. Nantahala Capital Management LLC now owns 2,009,500 shares of the financial services provider’s stock worth $18,889,000 after buying an additional 97,679 shares during the last quarter. Findell Capital Management LLC raised its stake in shares of eHealth by 16.4% in the fourth quarter. Findell Capital Management LLC now owns 1,373,000 shares of the financial services provider’s stock valued at $12,906,000 after buying an additional 193,000 shares during the period. Millennium Management LLC raised its stake in shares of eHealth by 74.3% in the first quarter. Millennium Management LLC now owns 705,704 shares of the financial services provider’s stock valued at $4,714,000 after buying an additional 300,792 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of eHealth by 203.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 537,138 shares of the financial services provider’s stock worth $3,588,000 after acquiring an additional 360,126 shares during the period. 79.54% of the stock is currently owned by institutional investors.

eHealth Company Profile

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.