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

GoHealth (NASDAQ:GOCO) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

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

GoHealth Stock Down 2.4%

GOCO stock opened at $5.70 on Friday. The stock has a market cap of $135.31 million, a P/E ratio of -1.63 and a beta of 1.49. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.72. GoHealth has a twelve month low of $5.40 and a twelve month high of $21.00. The company’s 50 day moving average is $8.11 and its two-hundred day moving average is $12.08.

GoHealth (NASDAQ:GOCO) last posted its earnings results on Tuesday, May 13th. The company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.21). GoHealth had a negative net margin of 4.32% and a negative return on equity of 17.17%. The company had revenue of $220.97 million during the quarter, compared to analysts’ expectations of $225.91 million. Research analysts expect that GoHealth will post -5.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Empowered Funds LLC boosted its stake in shares of GoHealth by 5.3% during the fourth quarter. Empowered Funds LLC now owns 23,218 shares of the company’s stock worth $311,000 after buying an additional 1,170 shares during the period. JPMorgan Chase & Co. raised its stake in GoHealth by 103.8% during the 4th quarter. JPMorgan Chase & Co. now owns 17,195 shares of the company’s stock valued at $230,000 after acquiring an additional 8,758 shares during the last quarter. Geode Capital Management LLC lifted its position in GoHealth by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 105,514 shares of the company’s stock worth $1,413,000 after acquiring an additional 1,779 shares during the period. Wells Fargo & Company MN grew its stake in shares of GoHealth by 28.2% in the 4th quarter. Wells Fargo & Company MN now owns 2,760 shares of the company’s stock valued at $37,000 after purchasing an additional 607 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of GoHealth by 41,225.5% in the 4th quarter. Russell Investments Group Ltd. now owns 21,076 shares of the company’s stock valued at $282,000 after purchasing an additional 21,025 shares during the last quarter. 24.21% of the stock is owned by hedge funds and other 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.