GoHealth (NASDAQ:GOCO) Stock Price Up 0.7% - Should You Buy?

GoHealth, Inc. (NASDAQ:GOCO - Get Free Report)'s stock price rose 0.7% during mid-day trading on Monday . The company traded as high as $6.10 and last traded at $5.97. Approximately 39,382 shares changed hands during trading, a decline of 16% from the average daily volume of 46,784 shares. The stock had previously closed at $5.93.

Analysts Set New Price Targets

GOCO has been the topic of a number of recent analyst reports. Royal Bank Of Canada reiterated a "sector perform" rating and set a $18.00 target price on shares of GoHealth in a research report on Monday, May 19th. Wall Street Zen upgraded GoHealth from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd.

GoHealth Stock Up 0.7%

The business has a fifty day simple moving average of $6.23 and a two-hundred day simple moving average of $11.17. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.60. The company has a market cap of $141.73 million, a PE ratio of -4.97 and a beta of 1.48.

GoHealth (NASDAQ:GOCO - Get Free Report) last announced 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). GoHealth had a net margin of 0.23% and a negative return on equity of 7.10%. The firm had revenue of $220.97 million during the quarter, compared to analysts' expectations of $225.91 million. As a group, equities research analysts predict that GoHealth, Inc. will post -5.5 earnings per share for the current year.

Hedge Funds Weigh In On GoHealth

Several institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new position in shares of GoHealth during the first quarter worth about $31,000. Cubist Systematic Strategies LLC acquired a new position in shares of GoHealth during the fourth quarter worth about $37,000. Wells Fargo & Company MN grew its position in shares of GoHealth by 28.2% during the fourth quarter. Wells Fargo & Company MN now owns 2,760 shares of the company's stock worth $37,000 after buying an additional 607 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of GoHealth during the first quarter worth about $45,000. Finally, Bank of America Corp DE grew 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 in the last quarter. 24.21% of the stock is owned by institutional investors and hedge funds.

About GoHealth

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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