GoHealth, Inc. (NASDAQ:GOCO – Get Rating) has been assigned a consensus rating of “Hold” by the nine research companies that currently cover the business, Marketbeat.com reports. Three investment analysts rated the stock with a sell recommendation, five gave the company a hold recommendation and one gave the company a buy recommendation. The 1-year average price target among brokers who have hedged the stock over the past year is $3.50.
GOCO has been the subject of a number of analyst reports. Royal Bank of Canada downgraded GoHealth shares from an “outperforming” rating to an “sector outperforming” rating and lowered its price target for the company from $10.00 to $2.00 in a research report from Thursday, March 3. Morgan Stanley lowered its price target on GoHealth from $13.00 to $5.50 and set an “equal weight” rating for the company in a Thursday, November 11 research note. Credit Suisse Group downgraded GoHealth from a “neutral” rating to an “underperforming” rating and lowered its target price for the company from $6.00 to $3.00 in a Friday 7 research report. January. Bank of America downgraded GoHealth from a “buy” rating to an “underperform” rating and reduced its target price for the company from $7.50 to $3.50 in a Wednesday, Jan. 5, report. Finally, Zacks Investment Research downgraded GoHealth from a “hold” rating to a “strong sell” rating in a Wednesday, Jan. 5 research note.
NASDAQ:GOCO shares opened at $1.14 on Tuesday. GoHealth has a 12-month minimum of $1.05 and a 12-month maximum of $12.68. The stock’s 50-day moving average is $2.50. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt ratio of 0.51. The company has a market capitalization of $365.61 million, a price-earnings ratio of 12.67 and a beta of 1.13.
A number of hedge funds and other institutional investors have recently changed their positions in GOCO. FNY Investment Advisers LLC bought a new stock position in GoHealth during Q4, valued at approximately $27,000. Metropolitan Life Insurance Co NY bought a new position in GoHealth in Q2 worth approximately $33,000. North Star Investment Management Corp. increased its stake in GoHealth by 41.6% in the third quarter. North Star Investment Management Corp. now owns 7,060 shares of the company worth $36,000 after purchasing an additional 2,075 shares in the last quarter. Ausdal Financial Partners Inc. purchased a new stake in GoHealth stock during Q4 for approximately $39,000. Finally, Teacher Retirement System of Texas purchased a new stake in GoHealth in the fourth quarter worth approximately $42,000. 46.73% of the shares are currently held by institutional investors and hedge funds.
GoHealth Company Profile (Get an assessment)
GoHealth, Inc operates as a health insurance marketplace and Medicare-focused digital health company in the United States. It operates through four segments: MedicareÂInternal; Medicare External; Individual and Family Plans (IFP) and Other Internal; and Individual and family plans and other external.
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