GoHealth (NASDAQ:GOCO) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of GoHealth (NASDAQ:GOCO) from a hold rating to a sell rating in a report released on Saturday.

Separately, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $18.00 target price on shares of GoHealth in a report on Monday, May 19th.

GoHealth Price Performance

Shares of GoHealth stock opened at $5.74 on Friday. The stock’s fifty day moving average is $8.02 and its 200 day moving average is $12.03. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.18 and a current ratio of 1.18. GoHealth has a one year low of $5.40 and a one year high of $21.00. The stock has a market cap of $136.26 million, a P/E ratio of -1.64 and a beta of 1.49.

GoHealth (NASDAQ:GOCO) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.21). The firm had revenue of $220.97 million for the quarter, compared to the consensus estimate of $225.91 million. GoHealth had a negative net margin of 4.32% and a negative return on equity of 17.17%. Sell-side analysts anticipate that GoHealth will post -5.5 earnings per share for the current year.

Institutional Investors Weigh In On GoHealth

Several large investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in GoHealth in the first quarter worth $177,000. Empowered Funds LLC increased its holdings in shares of GoHealth by 7.7% in the 1st quarter. Empowered Funds LLC now owns 25,008 shares of the company’s stock worth $307,000 after buying an additional 1,790 shares during the last quarter. 4D Advisors LLC bought a new stake in shares of GoHealth in the 1st quarter worth about $1,840,000. Cubist Systematic Strategies LLC increased its holdings in shares of GoHealth by 297.3% in the 1st quarter. Cubist Systematic Strategies LLC now owns 10,915 shares of the company’s stock worth $134,000 after buying an additional 8,168 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of GoHealth in the 1st quarter worth about $166,000. Institutional investors own 24.21% of the company’s stock.

About GoHealth

GoHealth, Inc operates as a health insurance marketplace and Medicare-focused digital health company in the United States. The company operates a technology platform that leverages machine-learning algorithms of insurance behavioral data to optimize the process for helping individuals find the health insurance plan for their specific needs.