eHealth (NASDAQ:EHTH) PT Raised to $10.00 at Citigroup

eHealth (NASDAQ:EHTH – Get Rating) had its price objective raised by Citigroup from $4.50 to $10.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Citigroup’s target price indicates a potential upside of 17.51% from the stock’s previous close.

Several other brokerages have also commented on EHTH. Deutsche Bank Aktiengesellschaft cut their price target on shares of eHealth from $10.00 to $4.00 in a report on Wednesday, November 9th. Royal Bank of Canada lowered their target price on shares of eHealth from $16.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Monday. Credit Suisse Group lifted their target price on shares of eHealth from $4.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday. Craig Hallum lifted their target price on shares of eHealth from $6.00 to $11.00 in a research note on Wednesday, March 1st. Finally, StockNews.com raised shares of eHealth from a “sell” rating to a “hold” rating in a research note on Saturday, December 24th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $8.50.

eHealth Price Performance

Shares of NASDAQ EHTH opened at $8.51 on Wednesday. The firm has a market cap of $235.00 million, a PE ratio of -1.93 and a beta of 0.58. The firm has a fifty day moving average of $7.60 and a 200 day moving average of $5.45. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.94 and a current ratio of 2.94. eHealth has a one year low of $2.67 and a one year high of $13.46.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EHTH. Swiss National Bank boosted its position in shares of eHealth by 8.0% during the 1st quarter. Swiss National Bank now owns 59,300 shares of the financial services provider’s stock valued at $736,000 after acquiring an additional 4,400 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of eHealth by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 220,778 shares of the financial services provider’s stock valued at $2,739,000 after acquiring an additional 2,912 shares during the last quarter. Cetera Advisor Networks LLC acquired a new position in shares of eHealth during the 1st quarter valued at about $187,000. Citigroup Inc. boosted its position in shares of eHealth by 7.1% during the 1st quarter. Citigroup Inc. now owns 20,760 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 1,378 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of eHealth by 50.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,692 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 1,241 shares during the last quarter. Institutional investors and hedge funds own 70.49% of the company’s stock.

About eHealth

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eHealth, Inc engages in the provision of Internet-based health insurance agency services for individuals, families, and small businesses. It operates through the following segments: Medicare and Individual, Family, and Small Business. The Medicare segment consists primarily of commissions earned from sale of Medicare-related health insurance plans.