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

GoHealth, Inc. (NASDAQ:GOCO) has been assigned an average recommendation of “Hold” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $5.00.

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

GoHealth Stock Down 2.3%

Shares of NASDAQ:GOCO opened at $0.30 on Friday. The stock has a market cap of $8.60 million, a price-to-earnings ratio of -0.01 and a beta of 1.19. GoHealth has a 52-week low of $0.28 and a 52-week high of $7.12. The business has a 50-day moving average price of $0.81 and a 200-day moving average price of $1.62.

GoHealth (NASDAQ:GOCO) last announced its earnings results on Monday, May 18th. The company reported ($2.36) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.40) by $0.04. The firm had revenue of $11.91 million during the quarter, compared to analysts’ expectations of $16.90 million. GoHealth had a negative return on equity of 402.70% and a negative net margin of 189.73%. As a group, equities analysts anticipate that GoHealth will post -9.19 EPS for the current fiscal year.

Institutional Trading of GoHealth

Several institutional investors and hedge funds have recently added to or reduced their stakes in GOCO. Bank of America Corp DE raised its stake in GoHealth by 22.8% during the 4th quarter. Bank of America Corp DE now owns 7,831 shares of the company’s stock valued at $105,000 after acquiring an additional 1,452 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in GoHealth by 297.3% during the 1st quarter. Cubist Systematic Strategies LLC now owns 10,915 shares of the company’s stock valued at $134,000 after acquiring an additional 8,168 shares during the last quarter. Empowered Funds LLC raised its stake in GoHealth by 7.7% during the 1st quarter. Empowered Funds LLC now owns 25,008 shares of the company’s stock valued at $307,000 after acquiring an additional 1,790 shares during the last quarter. Jane Street Group LLC purchased a new stake in GoHealth during the 1st quarter valued at approximately $177,000. Finally, Geode Capital Management LLC raised its stake in GoHealth by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 118,961 shares of the company’s stock valued at $660,000 after acquiring an additional 4,955 shares during the last quarter. 24.21% of the stock is owned by hedge funds and other 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.