GoHealth (NASDAQ:GOCO) Upgraded by Wall Street Zen to Hold Rating

GoHealth (NASDAQ:GOCO) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.

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

GoHealth Trading Down 2.7%

GoHealth stock opened at $5.39 on Friday. The stock has a 50-day moving average price of $7.54 and a 200 day moving average price of $11.82. GoHealth has a 52 week low of $5.01 and a 52 week high of $21.00. The stock has a market cap of $127.96 million, a PE ratio of -4.49 and a beta of 1.50. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.60.

GoHealth (NASDAQ:GOCO) last released its quarterly earnings results on Tuesday, May 13th. The company reported ($0.47) earnings per share (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 analyst estimates of $225.91 million. GoHealth had a negative return on equity of 7.10% and a net margin of 0.23%. Equities research analysts predict that GoHealth will post -5.5 earnings per share for the current fiscal year.

Institutional Trading of GoHealth

A number of institutional investors have recently added to or reduced their stakes in GOCO. 4D Advisors LLC acquired a new stake in GoHealth during the 1st quarter valued at $1,840,000. Geode Capital Management LLC raised its stake in GoHealth by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 105,514 shares of the company’s stock worth $1,413,000 after acquiring an additional 1,779 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of GoHealth in the 4th quarter worth approximately $675,000. Citadel Advisors LLC bought a new stake in GoHealth in the fourth quarter valued at $664,000. Finally, Northern Trust Corp lifted its position in GoHealth by 11.6% in the 4th quarter. Northern Trust Corp now owns 48,427 shares of the company’s stock valued at $648,000 after purchasing an additional 5,040 shares during the last quarter. 24.21% of the stock is owned by hedge funds and other institutional investors.

GoHealth Company Profile

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.