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

GoHealth (NASDAQ:GOCO - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

Separately, Royal Bank of Canada restated a "sector perform" rating and issued a $18.00 price target on shares of GoHealth in a research note on Monday, May 19th.

GoHealth Stock Performance

GOCO traded down $0.14 during midday trading on Friday, reaching $5.70. The company had a trading volume of 35,609 shares, compared to its average volume of 42,780. 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 business has a 50-day moving average of $8.11 and a two-hundred day moving average of $12.08. The company has a market cap of $135.31 million, a P/E ratio of -1.63 and a beta of 1.49. GoHealth has a 1 year low of $5.40 and a 1 year high of $21.00.

GoHealth (NASDAQ:GOCO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.47) EPS for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.21). The company had revenue of $220.97 million during the quarter, compared to analysts' expectations of $225.91 million. GoHealth had a negative return on equity of 17.17% and a negative net margin of 4.32%. As a group, equities research analysts predict that GoHealth will post -5.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GoHealth

A number of institutional investors have recently added to or reduced their stakes in GOCO. 4D Advisors LLC purchased a new stake in GoHealth during the 1st quarter valued at approximately $1,840,000. Point72 Asset Management L.P. purchased a new stake in GoHealth during the 4th quarter valued at approximately $675,000. Citadel Advisors LLC purchased a new stake in GoHealth during the 4th quarter valued at approximately $664,000. Ancora Advisors LLC purchased a new stake in GoHealth during the 4th quarter valued at approximately $408,000. Finally, Russell Investments Group Ltd. grew its holdings in GoHealth by 41,225.5% during the 4th quarter. Russell Investments Group Ltd. now owns 21,076 shares of the company's stock valued at $282,000 after buying an additional 21,025 shares in 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.