GoHealth (NASDAQ:GOCO) Raised to Hold at Wall Street Zen

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

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

GoHealth Price Performance

Shares of GOCO traded down $0.29 during mid-day trading on Friday, hitting $5.51. 33,026 shares of the company were exchanged, compared to its average volume of 45,375. The stock has a market cap of $130.81 million, a price-to-earnings ratio of -4.59 and a beta of 1.49. GoHealth has a 1-year low of $5.01 and a 1-year high of $21.00. The company has a 50 day moving average of $7.44 and a 200-day moving average of $11.78. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.12 and a current ratio of 1.12.

GoHealth (NASDAQ:GOCO - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.21). The firm had revenue of $220.97 million for the quarter, compared to analysts' expectations of $225.91 million. GoHealth had a negative return on equity of 7.10% and a net margin of 0.23%. Analysts expect that GoHealth will post -5.5 EPS for the current fiscal year.

Hedge Funds Weigh In On GoHealth

A number of institutional investors and hedge funds have recently bought and sold shares of GOCO. Jane Street Group LLC acquired a new stake in GoHealth in the 1st quarter valued at about $177,000. Empowered Funds LLC grew its position in shares of GoHealth by 7.7% in the first quarter. Empowered Funds LLC now owns 25,008 shares of the company's stock valued at $307,000 after purchasing 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 approximately $1,840,000. Cubist Systematic Strategies LLC increased its holdings in shares of GoHealth by 297.3% in 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 during the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of GoHealth in the first quarter valued at approximately $166,000. 24.21% of the stock is currently owned by institutional investors and hedge funds.

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.