Wall Street Zen Downgrades GoHealth (NASDAQ:GOCO) to Sell

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

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

GoHealth Stock Down 4.0%

Shares of NASDAQ GOCO traded down $0.24 during mid-day trading on Friday, reaching $5.78. The company had a trading volume of 19,948 shares, compared to its average volume of 46,804. GoHealth has a 12-month low of $5.01 and a 12-month high of $21.00. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a fifty day moving average of $6.05 and a two-hundred day moving average of $11.00.

GoHealth (NASDAQ:GOCO - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.21). GoHealth had a net margin of 0.23% and a negative return on equity of 7.10%. The business had revenue of $220.97 million during the quarter, compared to analyst estimates of $225.91 million. As a group, research analysts forecast that GoHealth will post -5.5 EPS for the current year.

Institutional Trading of GoHealth

Several institutional investors and hedge funds have recently modified their holdings of GOCO. Jane Street Group LLC acquired a new position in shares of GoHealth during the first quarter worth $177,000. Empowered Funds LLC grew its stake 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 acquiring an additional 1,790 shares in the last quarter. 4D Advisors LLC purchased a new stake in shares of GoHealth in the first quarter valued at about $1,840,000. Cubist Systematic Strategies LLC lifted its position in shares of GoHealth by 297.3% during the first quarter. Cubist Systematic Strategies LLC now owns 10,915 shares of the company's stock valued at $134,000 after purchasing an additional 8,168 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in shares of GoHealth in the 1st quarter worth approximately $166,000. 24.21% of the stock is currently owned by 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.