GoHealth (NASDAQ:GOCO) Given Sector Perform Rating at Royal Bank of Canada

GoHealth (NASDAQ:GOCO)‘s stock had its “sector perform” rating reaffirmed by equities research analysts at Royal Bank of Canada in a research note issued on Monday, Benzinga reports. They currently have a $13.00 target price on the stock. Royal Bank of Canada’s price target indicates a potential upside of 22.99% from the stock’s current price.

GoHealth Trading Up 9.9 %

Shares of GOCO stock traded up $0.95 on Monday, hitting $10.57. The stock had a trading volume of 26,500 shares, compared to its average volume of 17,432. The firm has a market cap of $240.23 million, a P/E ratio of -1.48 and a beta of 1.71. GoHealth has a twelve month low of $7.27 and a twelve month high of $16.44. The company has a fifty day moving average price of $8.84 and a two-hundred day moving average price of $9.94. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.83.

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 the consensus estimate 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 firm had revenue of $105.87 million for the quarter, compared to analyst estimates of $138.99 million. As a group, analysts forecast that GoHealth will post -5.35 earnings per share for the current fiscal year.

Institutional Trading of GoHealth

Several hedge funds have recently added to or reduced their stakes in GOCO. Bank of New York Mellon Corp grew its holdings 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 buying an additional 1,802 shares in the last quarter. Renaissance Technologies LLC grew its stake 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 acquiring an additional 3,300 shares in the last quarter. Empowered Funds LLC increased its position in GoHealth by 7.7% during the first quarter. Empowered Funds LLC now owns 19,536 shares of the company’s stock worth $205,000 after acquiring an additional 1,400 shares during the period. Finally, Vanguard Group Inc. raised its stake in GoHealth by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 206,525 shares of the company’s stock worth $2,171,000 after purchasing an additional 5,605 shares in the last quarter. 24.21% of the stock is owned by institutional investors and hedge funds.

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.