Royal Bank of Canada Reaffirms “Sector Perform” Rating for GoHealth (NASDAQ:GOCO)

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

GoHealth Price Performance

Shares of GoHealth stock opened at $10.85 on Monday. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.29 and a quick ratio of 1.29. GoHealth has a fifty-two week low of $7.27 and a fifty-two week high of $16.44. The firm has a fifty day moving average price of $8.95 and a two-hundred day moving average price of $9.95. The company has a market cap of $246.60 million, a PE ratio of -1.52 and a beta of 1.71.

GoHealth (NASDAQ:GOCO) last issued its quarterly 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 net margin of 8.62% and a negative return on equity of 8.51%. The firm had revenue of $105.87 million during the quarter, compared to the consensus estimate of $138.99 million. Analysts expect that GoHealth will post -5.35 EPS for the current year.

Hedge Funds Weigh In On GoHealth

A number of hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC raised its stake in shares of GoHealth by 22.0% in the 2nd quarter. Renaissance Technologies LLC now owns 18,272 shares of the company’s stock valued at $178,000 after buying an additional 3,300 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of 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. Vanguard Group Inc. raised its stake in shares of GoHealth by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 206,525 shares of the company’s stock valued at $2,171,000 after buying an additional 5,605 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in shares of GoHealth by 7.7% in the 1st 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 in the last quarter. Institutional investors and hedge funds 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.