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

eHealth (NASDAQ:EHTH) had its target price lifted by Royal Bank of Canada from $111.00 to $132.00 in a research note published on Friday morning, The Fly reports. Royal Bank of Canada currently has an outperform rating on the financial services provider’s stock.

A number of other analysts have also commented on the company. ValuEngine lowered eHealth from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Raymond James set a $90.00 price objective on eHealth and gave the stock a buy rating in a research report on Friday, October 25th. Evercore ISI set a $125.00 price objective on eHealth and gave the stock a buy rating in a research report on Friday, September 27th. BidaskClub lowered eHealth from a strong-buy rating to a buy rating in a research report on Friday, January 10th. Finally, SunTrust Banks restated a buy rating and set a $200.00 target price on shares of eHealth in a research report on Friday, January 17th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $140.70.

EHTH stock traded up $26.13 during midday trading on Friday, reaching $123.26. The stock had a trading volume of 4,834,431 shares, compared to its average volume of 477,922. The business has a fifty day simple moving average of $95.29 and a two-hundred day simple moving average of $85.53. The company has a quick ratio of 2.06, a current ratio of 2.07 and a debt-to-equity ratio of 0.08. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 425.05 and a beta of 1.16. eHealth has a twelve month low of $49.19 and a twelve month high of $130.00.

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

In other news, CEO Scott N. Flanders sold 89,278 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $113.37, for a total transaction of $10,121,446.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert S. Hurley sold 1,500 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $92.26, for a total value of $138,390.00. The disclosure for this sale can be found here. Insiders have sold a total of 124,000 shares of company stock valued at $13,545,004 over the last 90 days. Corporate insiders own 5.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Usca Ria LLC acquired a new position in shares of eHealth during the 3rd quarter worth about $25,000. Strs Ohio bought a new position in shares of eHealth during the 4th quarter valued at about $38,000. Cubist Systematic Strategies LLC bought a new position in shares of eHealth during the 2nd quarter valued at about $46,000. Vigilant Capital Management LLC bought a new position in shares of eHealth during the 4th quarter valued at about $46,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of eHealth by 45.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 508 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 158 shares in the last quarter.

eHealth Company Profile

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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