eHealth (NASDAQ:EHTH) Price Target Increased to $132.00 by Analysts at Royal Bank of Canada

eHealth (NASDAQ:EHTH) had its target price boosted by investment analysts at Royal Bank of Canada from $111.00 to $132.00 in a research note issued on Friday, The Fly reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 8.21% from the company’s current price.

A number of other research firms have also issued reports on EHTH. Cantor Fitzgerald reiterated an “overweight” rating and set a $150.00 price objective (up previously from $120.00) on shares of eHealth in a research note on Friday. Raymond James set a $90.00 price objective on shares of eHealth and gave the company a “buy” rating in a research report on Friday, October 25th. Credit Suisse Group raised eHealth to an “outperform” rating in a research report on Friday, September 27th. ValuEngine cut eHealth from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, BidaskClub lowered eHealth from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 10th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $133.82.

Shares of EHTH stock traded up $24.86 during trading hours on Friday, reaching $121.99. The company had a trading volume of 338,846 shares, compared to its average volume of 474,202. The company has a market capitalization of $2.30 billion, a P/E ratio of 420.55 and a beta of 1.16. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.06 and a current ratio of 2.07. eHealth has a twelve month low of $49.19 and a twelve month high of $112.22. The stock’s fifty day simple moving average is $94.62 and its 200 day simple moving average is $85.35.

eHealth (NASDAQ:EHTH) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported ($0.43) EPS for the quarter, topping the consensus estimate of ($0.63) by $0.20. eHealth had a return on equity of 4.69% and a net margin of 1.22%. The firm had revenue of $69.80 million for the quarter, compared to analyst estimates of $55.74 million. The firm’s revenue for the quarter was up 71.1% compared to the same quarter last year. As a group, equities analysts expect that eHealth will post 1.58 earnings per share for the current year.

In other news, insider Robert S. Hurley sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $92.26, for a total transaction of $138,390.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.00% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in eHealth by 1.0% during the 2nd quarter. BlackRock Inc. now owns 2,952,554 shares of the financial services provider’s stock worth $254,213,000 after buying an additional 29,842 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of eHealth by 11.2% during the second quarter. Vanguard Group Inc. now owns 1,271,657 shares of the financial services provider’s stock valued at $109,490,000 after purchasing an additional 127,807 shares during the period. State Street Corp lifted its holdings in eHealth by 2.5% in the third quarter. State Street Corp now owns 610,808 shares of the financial services provider’s stock worth $40,796,000 after purchasing an additional 14,981 shares during the period. Sylebra Capital Ltd bought a new position in eHealth in the 3rd quarter valued at about $32,592,000. Finally, Eagle Asset Management Inc. bought a new position in shares of eHealth in the third quarter valued at approximately $32,441,000.

About eHealth

eHealth, Inc provides private health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its e-commerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.

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