GoHealth’s (GOCO) Sector Perform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of GoHealth (NASDAQ:GOCO) in a research report report published on Monday, Benzinga reports. The firm currently has a $13.00 price target on the stock.

GoHealth Stock Up 3.5 %

Shares of NASDAQ GOCO opened at $11.23 on Monday. GoHealth has a 12-month low of $7.27 and a 12-month high of $16.44. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.83. The firm has a market cap of $255.24 million, a PE ratio of -1.57 and a beta of 1.71. The company’s fifty day simple moving average is $9.01 and its 200 day simple moving average is $9.96.

GoHealth (NASDAQ:GOCO) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.75) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.47) by $1.72. GoHealth had a negative return on equity of 8.51% and a negative net margin of 8.62%. The business had revenue of $105.87 million for the quarter, compared to the consensus estimate of $138.99 million. As a group, sell-side analysts forecast that GoHealth will post -5.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GoHealth

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its position in GoHealth by 16.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,982 shares of the company’s stock valued at $126,000 after acquiring an additional 1,802 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of GoHealth by 22.0% in the second quarter. Renaissance Technologies LLC now owns 18,272 shares of the company’s stock valued at $178,000 after purchasing an additional 3,300 shares in the last quarter. Empowered Funds LLC boosted its position in shares of GoHealth by 7.7% during the first quarter. Empowered Funds LLC now owns 19,536 shares of the company’s stock valued at $205,000 after buying an additional 1,400 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in GoHealth by 2.8% during the first quarter. Vanguard Group Inc. now owns 206,525 shares of the company’s stock worth $2,171,000 after buying an additional 5,605 shares in the last quarter. 24.21% of the stock is owned by 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.