GoHealth (NASDAQ:GOCO) Upgraded to “Strong-Buy” at Noble Financial

GoHealth (NASDAQ:GOCO) was upgraded by equities research analysts at Noble Financial to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of GoHealth in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $5.00.

GoHealth Trading Down 11.9%

Shares of GOCO opened at $1.33 on Wednesday. GoHealth has a 12-month low of $1.30 and a 12-month high of $12.37. The company has a market cap of $38.19 million, a PE ratio of -0.07 and a beta of 1.70. The stock has a 50-day moving average price of $1.77 and a 200-day moving average price of $2.83.

GoHealth (NASDAQ:GOCO) last announced its earnings results on Tuesday, March 31st. The company reported ($1.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.69) by $1.66. GoHealth had a negative net margin of 26.95% and a positive return on equity of 8.00%. The business had revenue of $12.64 million for the quarter, compared to the consensus estimate of $88.62 million. As a group, analysts predict that GoHealth will post -5.5 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Public Sector Pension Investment Board bought a new position in GoHealth during the 3rd quarter worth approximately $8,100,000. Redwood Capital Management LLC purchased a new stake in shares of GoHealth during the third quarter valued at approximately $4,455,000. Focus Partners Wealth bought a new position in shares of GoHealth in the third quarter worth approximately $270,000. Deutsche Bank AG increased its stake in shares of GoHealth by 150.8% in the fourth quarter. Deutsche Bank AG now owns 32,183 shares of the company’s stock worth $69,000 after buying an additional 19,349 shares during the period. Finally, Jane Street Group LLC bought a new stake in GoHealth during the 1st quarter valued at $177,000. 24.21% of the stock is owned by institutional investors.

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.