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

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

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

GoHealth Stock Down 4.9%

NASDAQ:GOCO traded down $0.28 on Friday, reaching $5.46. 33,659 shares of the stock traded hands, compared to its average volume of 43,046. The company has a market capitalization of $129.62 million, a price-to-earnings ratio of -4.55 and a beta of 1.49. 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 has a 12 month low of $5.40 and a 12 month high of $21.00. The company's fifty day simple moving average is $7.93 and its 200 day simple moving average is $11.98.

GoHealth (NASDAQ:GOCO - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates 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 net margin of 0.23% and a negative return on equity of 7.10%. Equities analysts predict that GoHealth will post -5.5 EPS for the current fiscal year.

Institutional Trading of GoHealth

Institutional investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC purchased a new stake in shares of GoHealth during the 1st quarter valued at about $31,000. Cubist Systematic Strategies LLC purchased a new stake in shares of GoHealth during the 4th quarter valued at about $37,000. Wells Fargo & Company MN boosted its holdings in shares of GoHealth by 28.2% during the 4th quarter. Wells Fargo & Company MN now owns 2,760 shares of the company's stock valued at $37,000 after acquiring an additional 607 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of GoHealth during the 1st quarter valued at about $45,000. Finally, Bank of America Corp DE boosted its holdings in shares of GoHealth by 22.8% during the 4th quarter. Bank of America Corp DE now owns 7,831 shares of the company's stock valued at $105,000 after acquiring an additional 1,452 shares during the last quarter. Hedge funds and other institutional investors own 24.21% of the company's stock.

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.