GoHealth (NASDAQ:GOCO) Price Target Cut to $14.00

GoHealth (NASDAQ:GOCO – Get Rating) had its price objective decreased by research analysts at Royal Bank of Canada from $15.00 to $14.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 5.90% from the stock’s current price.

Separately, Credit Suisse Group set a $7.00 target price on GoHealth in a report on Thursday, November 24th.

GoHealth Stock Performance

NASDAQ:GOCO opened at $13.22 on Friday. The stock has a market cap of $290.31 million, a PE ratio of -0.43 and a beta of 2.15. GoHealth has a fifty-two week low of $4.93 and a fifty-two week high of $25.50. The firm’s fifty day simple moving average is $15.86 and its 200-day simple moving average is $8.70. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 1.40.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. First Trust Advisors LP boosted its position in shares of GoHealth by 164.4% in the first quarter. First Trust Advisors LP now owns 5,139,765 shares of the company’s stock worth $6,065,000 after buying an additional 3,195,549 shares during the period. BlackRock Inc. raised its position in shares of GoHealth by 18.4% in the first quarter. BlackRock Inc. now owns 3,276,082 shares of the company’s stock valued at $3,865,000 after purchasing an additional 509,565 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of GoHealth in the first quarter worth $2,911,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of GoHealth by 42.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,544,595 shares of the company’s stock worth $924,000 after buying an additional 457,961 shares during the period. Finally, State Street Corp grew its stake in GoHealth by 22.1% in the 1st quarter. State Street Corp now owns 1,100,601 shares of the company’s stock valued at $1,299,000 after buying an additional 199,524 shares during the last quarter.

GoHealth Company Profile

(Get Rating)

GoHealth, Inc operates as a health insurance marketplace and Medicare focused digital health company in the United States. It operates through four segments: MedicareInternal; MedicareExternal; Individual and Family Plans (IFP) and OtherInternal; and IFP and OtherExternal. 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.