GoHealth (NASDAQ:GOCO) Downgraded by Wall Street Zen to Sell

Wall Street Zen lowered shares of GoHealth (NASDAQ:GOCOFree Report) from a hold rating to a sell rating in a report published on Saturday.

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

View Our Latest Report on GOCO

GoHealth Trading Down 2.4%

GOCO opened at $5.70 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.72. The firm’s 50 day moving average is $8.11 and its 200-day moving average is $12.08. The firm has a market capitalization of $135.31 million, a P/E ratio of -1.63 and a beta of 1.49. GoHealth has a 52-week low of $5.40 and a 52-week high of $21.00.

GoHealth (NASDAQ:GOCOGet Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.21). GoHealth had a negative net margin of 4.32% and a negative return on equity of 17.17%. The business had revenue of $220.97 million during the quarter, compared to analyst estimates of $225.91 million. Analysts expect that GoHealth will post -5.5 EPS for the current fiscal year.

Institutional Investors Weigh In On GoHealth

A number of large investors have recently bought and sold shares of GOCO. FNY Investment Advisers LLC bought a new stake in GoHealth during the first quarter valued at about $31,000. Cubist Systematic Strategies LLC acquired a new position in GoHealth in the fourth quarter valued at about $37,000. Wells Fargo & Company MN raised its stake in GoHealth by 28.2% during the 4th quarter. Wells Fargo & Company MN now owns 2,760 shares of the company’s stock worth $37,000 after buying an additional 607 shares during the period. N.E.W. Advisory Services LLC bought a new stake in GoHealth during the 1st quarter worth approximately $45,000. Finally, Bank of America Corp DE boosted its position in shares of GoHealth by 22.8% during the fourth quarter. Bank of America Corp DE now owns 7,831 shares of the company’s stock worth $105,000 after buying an additional 1,452 shares during the period. 24.21% of the stock is currently owned by institutional investors.

GoHealth Company Profile

(Get Free Report)

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.

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