GoHealth, Inc. (NASDAQ:GOCO) Receives Consensus Recommendation of “Hold” from Analysts

GoHealth, Inc. (NASDAQ:GOCO) has earned a consensus rating of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $5.00.

Several brokerages recently weighed in on GOCO. Freedom Capital downgraded shares of GoHealth from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Noble Financial raised shares of GoHealth to a “strong-buy” rating in a research note on Wednesday, April 1st. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of GoHealth in a research note on Friday, April 24th.

GoHealth Trading Down 1.8%

Shares of GOCO stock opened at $1.11 on Friday. The firm has a 50-day moving average price of $1.42 and a 200 day moving average price of $2.33. GoHealth has a twelve month low of $1.00 and a twelve month high of $9.50. The company has a market capitalization of $32.02 million, a price-to-earnings ratio of -0.06 and a beta of 1.33.

GoHealth (NASDAQ:GOCO) last announced its earnings results on Tuesday, March 31st. The company reported ($1.03) earnings per share for the quarter, beating the consensus estimate of ($2.69) by $1.66. GoHealth had a negative net margin of 71.06% and a negative return on equity of 33.29%. The firm had revenue of $12.64 million during the quarter, compared to the consensus estimate of $88.62 million. As a group, research analysts predict that GoHealth will post -8.15 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Public Sector Pension Investment Board purchased a new stake in GoHealth in the 3rd quarter valued at about $8,100,000. Redwood Capital Management LLC purchased a new stake in GoHealth in the 3rd quarter valued at about $4,455,000. Focus Partners Wealth purchased a new stake in GoHealth in the 3rd quarter valued at about $270,000. Deutsche Bank AG grew its holdings in GoHealth by 150.8% in the 4th quarter. Deutsche Bank AG now owns 32,183 shares of the company’s stock valued at $69,000 after buying an additional 19,349 shares during the period. Finally, Jane Street Group LLC purchased a new stake in GoHealth in the 1st quarter valued at about $177,000. Institutional investors and hedge funds own 24.21% of the company’s stock.

About GoHealth

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.