Zacks Investment Research Lowers GoHealth (NASDAQ:GOCO) to Sell

Zacks Investment Research lowered shares of GoHealth (NASDAQ:GOCOGet Rating) from a hold rating to a sell rating in a research report released on Wednesday morning, Zacks.com reports.

According to Zacks, “GoHealth, Inc. provides health insurance marketplace. It offer health insurance policies, including Medicare advantage, Medicare supplement, Medicare prescription drug plans, Medicare special needs plans; individual and family, dental, vision and other related plans, through its platform. GoHealth, Inc. is based in Chicago, Illinois. “

Other equities research analysts have also issued reports about the stock. Truist Financial lowered shares of GoHealth from a buy rating to a hold rating and set a $2.00 price objective on the stock. in a report on Wednesday, March 2nd. Evercore ISI reduced their price objective on shares of GoHealth from $4.50 to $1.75 and set an in-line rating on the stock in a report on Wednesday, March 16th. Royal Bank of Canada downgraded shares of GoHealth from an outperform rating to a sector perform rating and dropped their target price for the company from $10.00 to $2.00 in a research report on Thursday, March 3rd. Finally, Credit Suisse Group dropped their target price on shares of GoHealth from $3.00 to $1.50 in a research report on Thursday, March 17th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $4.64.

GoHealth stock traded down $0.04 during mid-day trading on Wednesday, reaching $0.72. 1,779 shares of the company’s stock were exchanged, compared to its average volume of 3,736,148. The firm has a market capitalization of $232.03 million, a P/E ratio of -0.45 and a beta of 1.27. GoHealth has a twelve month low of $0.63 and a twelve month high of $12.12. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.05. The stock’s fifty day simple moving average is $1.07.

GoHealth (NASDAQ:GOCOGet Rating) last released its earnings results on Tuesday, March 15th. The company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $1.43. The company had revenue of $449.60 million for the quarter, compared to analyst estimates of $480.61 million. GoHealth had a negative net margin of 17.82% and a positive return on equity of 10.09%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 EPS. Equities research analysts forecast that GoHealth will post -0.14 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of GoHealth by 20.3% in the fourth quarter. BlackRock Inc. now owns 2,766,517 shares of the company’s stock valued at $10,484,000 after acquiring an additional 467,177 shares in the last quarter. Glendon Capital Management LP acquired a new stake in shares of GoHealth in the third quarter valued at about $11,653,000. First Trust Advisors LP acquired a new stake in shares of GoHealth in the fourth quarter valued at about $7,369,000. Cannell Capital LLC acquired a new stake in shares of GoHealth in the third quarter valued at about $6,904,000. Finally, Eversept Partners LP lifted its stake in shares of GoHealth by 1,731.3% in the third quarter. Eversept Partners LP now owns 1,261,723 shares of the company’s stock valued at $6,346,000 after purchasing an additional 1,192,824 shares during the period. 41.94% of the stock is currently owned by institutional investors and hedge funds.

GoHealth Company Profile (Get Rating)

GoHealth, Inc operates as a health insurance marketplace and Medicare focused digital health company in the United States. It operates through four segments: MedicareInternal; MedicareExternal; Individual and Family Plans (IFP) and OtherInternal; and IFP and OtherExternal. 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.

Read More

Get a free copy of the Zacks research report on GoHealth (GOCO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for GoHealth (NASDAQ:GOCO)

Receive News & Ratings for GoHealth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoHealth and related companies with MarketBeat.com's FREE daily email newsletter.