GoHealth (NASDAQ:GOCO) Announces Earnings Results

GoHealth (NASDAQ:GOCO) announced its quarterly earnings data on Tuesday. The company reported ($1.03) EPS for the quarter, topping analysts’ consensus estimates of ($2.69) by $1.66, FiscalAI reports. GoHealth had a positive return on equity of 8.00% and a negative net margin of 26.95%.The business had revenue of $12.64 million during the quarter, compared to the consensus estimate of $88.62 million.

GoHealth Stock Down 1.3%

Shares of GOCO traded down $0.02 during mid-day trading on Tuesday, reaching $1.51. The company’s stock had a trading volume of 50,072 shares, compared to its average volume of 115,560. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.64 and a quick ratio of 1.64. GoHealth has a 12-month low of $1.31 and a 12-month high of $12.69. The stock has a market cap of $43.35 million, a PE ratio of -0.10 and a beta of 1.70. The company’s 50 day moving average is $1.80 and its 200 day moving average is $2.84.

Institutional Trading of GoHealth

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC lifted its position in shares of GoHealth by 10.1% during the 4th quarter. Barclays PLC now owns 81,181 shares of the company’s stock worth $175,000 after buying an additional 7,430 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in GoHealth by 119.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 26,448 shares of the company’s stock valued at $57,000 after acquiring an additional 14,388 shares during the last quarter. Deutsche Bank AG boosted its stake in GoHealth by 150.8% in the fourth quarter. Deutsche Bank AG now owns 32,183 shares of the company’s stock valued at $69,000 after acquiring an additional 19,349 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of GoHealth during the fourth quarter worth about $26,000. Finally, Geode Capital Management LLC increased its position in shares of GoHealth by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 150,821 shares of the company’s stock worth $324,000 after purchasing an additional 11,340 shares in the last quarter. Institutional investors and hedge funds own 24.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of GoHealth in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $5.00.

GoHealth Company Profile

GoHealth, Inc is a technology-driven health insurance marketplace that connects consumers with a wide range of health insurance plans from leading carriers. Through its digital platform, the company facilitates the comparison, selection and enrollment process for individual and family plans, as well as Medicare Advantage and Medicare Supplement products. By leveraging data analytics and customer support services, GoHealth aims to simplify a traditionally complex market and enable more informed decision-making for policyholders.

The company’s online portal integrates real-time quoting tools, educational resources and access to licensed insurance agents, ensuring that users receive personalized guidance throughout the enrollment journey.