GoHealth (NASDAQ:GOCO) Downgraded to Sell Rating by Wall Street Zen

GoHealth (NASDAQ:GOCO) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Friday.

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

GoHealth Price Performance

Shares of NASDAQ:GOCO opened at $5.78 on Friday. GoHealth has a fifty-two week low of $5.01 and a fifty-two week high of $21.00. The business has a 50-day simple moving average of $6.05 and a two-hundred day simple moving average of $11.00. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $137.22 million, a price-to-earnings ratio of -4.82 and a beta of 1.48.

GoHealth (NASDAQ:GOCO) last issued its earnings results 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 negative return on equity of 7.10% and a net margin of 0.23%. The business had revenue of $220.97 million during the quarter, compared to analysts’ expectations of $225.91 million. On average, analysts expect that GoHealth will post -5.5 earnings per share for the current year.

Institutional Investors Weigh In On GoHealth

Hedge funds and other institutional investors have recently made changes to their positions in the business. 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 bought a new position in shares of GoHealth during the 4th quarter valued at approximately $37,000. Wells Fargo & Company MN grew its stake 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 period. N.E.W. Advisory Services LLC bought a new position in shares of GoHealth during the 1st quarter valued at approximately $45,000. Finally, Bank of America Corp DE grew its stake 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 period. Hedge funds and other institutional investors own 24.21% of the company’s stock.

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.