Royal Bank Of Canada Has Lowered Expectations for eHealth (NASDAQ:EHTH) Stock Price

eHealth (NASDAQ:EHTH) had its price target lowered by investment analysts at Royal Bank Of Canada from $9.00 to $3.00 in a research note issued to investors 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 target indicates a potential upside of 98.68% from the company’s current price.

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

eHealth Trading Down 2.3%

NASDAQ:EHTH opened at $1.51 on Wednesday. eHealth has a twelve month low of $1.20 and a twelve month high of $8.39. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average price of $2.56 and a two-hundred day moving average price of $3.68. The company has a market cap of $46.92 million, a P/E ratio of -2.13 and a beta of 1.27.

eHealth (NASDAQ:EHTH) last issued its quarterly 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 business had revenue of $326.24 million for the quarter, compared to the consensus estimate of $318.25 million. eHealth had a return on equity of 5.46% and a net margin of 6.12%. As a group, analysts expect that eHealth will post -2.17 EPS for the current fiscal year.

Insider Transactions at eHealth

In other news, CFO John Joseph Dolan purchased 25,000 shares of the company’s stock in a transaction on Friday, March 6th. The shares were purchased at an average cost of $1.53 per share, with a total value of $38,250.00. Following the completion of the transaction, the chief financial officer owned 208,755 shares of the company’s stock, valued at $319,395.15. The trade was a 13.61% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Corient Private Wealth LLC grew its holdings in eHealth by 17.8% during the fourth quarter. Corient Private Wealth LLC now owns 66,232 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 10,000 shares during the period. Virtu Financial LLC acquired a new position in shares of eHealth during the 4th quarter worth approximately $155,000. Mackenzie Financial Corp increased its holdings in shares of eHealth by 11.4% during the 4th quarter. Mackenzie Financial Corp now owns 442,065 shares of the financial services provider’s stock worth $2,003,000 after acquiring an additional 45,086 shares during the last quarter. Millennium Management LLC bought a new stake in eHealth in the 4th quarter valued at $361,000. Finally, Eversept Partners LP raised its stake in eHealth by 73.4% in the 4th quarter. Eversept Partners LP now owns 222,570 shares of the financial services provider’s stock valued at $1,024,000 after acquiring an additional 94,248 shares during the period. 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.