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

Shares of GoHealth, Inc. (NASDAQ:GOCO) have earned a consensus recommendation of “Hold” from the five ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $5.00.

Several research analysts have weighed in on the stock. Freedom Capital downgraded shares of GoHealth from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Noble Financial upgraded shares of GoHealth to a “strong-buy” rating in a report on Wednesday, April 1st. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of GoHealth in a report on Friday, April 24th.

GoHealth Stock Up 4.6%

Shares of NASDAQ GOCO opened at $0.69 on Wednesday. The firm has a market cap of $19.76 million, a PE ratio of -0.04 and a beta of 1.33. GoHealth has a 12-month low of $0.60 and a 12-month high of $7.12. The company’s fifty day simple moving average is $1.17 and its 200 day simple moving average is $1.92.

GoHealth (NASDAQ:GOCO) last issued its earnings results on Monday, May 18th. The company reported ($2.36) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.40) by $0.04. The business had revenue of $11.91 million for the quarter, compared to analyst estimates of $16.90 million. GoHealth had a negative net margin of 189.73% and a negative return on equity of 541.82%. On average, equities analysts predict that GoHealth will post -8.79 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Public Sector Pension Investment Board acquired a new position in GoHealth during the third quarter worth $8,100,000. Focus Partners Wealth acquired a new position in GoHealth during the third quarter worth $270,000. Jane Street Group LLC purchased a new stake in shares of GoHealth in the first quarter valued at about $177,000. Barclays PLC raised its holdings in shares of GoHealth by 10.1% in the fourth quarter. Barclays PLC now owns 81,181 shares of the company’s stock valued at $175,000 after purchasing an additional 7,430 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in shares of GoHealth by 8.2% in the second quarter. Bridgeway Capital Management LLC now owns 27,066 shares of the company’s stock valued at $150,000 after purchasing an additional 2,058 shares during the last quarter. Institutional investors and hedge funds own 24.21% of the company’s stock.

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.