GoHealth (NASDAQ:GOCO - Get Free Report)'s stock had its "sector perform" rating reissued by stock analysts at Royal Bank of Canada in a research report issued to clients and investors on Monday, Benzinga reports. They currently have a $13.00 price objective on the stock. Royal Bank of Canada's target price would suggest a potential upside of 16.07% from the stock's previous close.
GoHealth Stock Up 6.0 %
Shares of GOCO stock traded up $0.63 during trading hours on Monday, reaching $11.20. The company had a trading volume of 48,116 shares, compared to its average volume of 17,583. GoHealth has a 12 month low of $7.27 and a 12 month high of $16.44. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.29 and a quick ratio of 1.29. The business has a fifty day simple moving average of $8.90 and a 200-day simple moving average of $9.95. The company has a market cap of $254.55 million, a price-to-earnings ratio of -1.57 and a beta of 1.71.
GoHealth (NASDAQ:GOCO - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported ($0.75) earnings per share for the quarter, beating 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 company had revenue of $105.87 million for the quarter, compared to analyst estimates of $138.99 million. On average, research analysts expect that GoHealth will post -5.35 earnings per share for the current fiscal year.
Institutional Trading of GoHealth
Hedge funds have recently bought and sold shares of the business. Empowered Funds LLC lifted its holdings 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. Vanguard Group Inc. lifted 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 acquiring an additional 5,605 shares during the period. Renaissance Technologies LLC lifted its holdings in GoHealth by 22.0% during the second quarter. Renaissance Technologies LLC now owns 18,272 shares of the company's stock worth $178,000 after acquiring an additional 3,300 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in GoHealth by 16.1% during the second quarter. Bank of New York Mellon Corp now owns 12,982 shares of the company's stock worth $126,000 after acquiring an additional 1,802 shares during the period. 24.21% of the stock is currently owned by institutional investors.
GoHealth Company Profile
(
Get Free Report)
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.
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