GoHealth (NASDAQ:GOCO) Announces Earnings Results, Beats Estimates By $0.04 EPS

GoHealth (NASDAQ:GOCO) released its earnings results on Monday. The company reported ($2.36) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.40) by $0.04, FiscalAI reports. The firm had revenue of $11.91 million during the quarter, compared to analyst estimates of $16.90 million. GoHealth had a negative return on equity of 33.29% and a negative net margin of 71.06%.

GoHealth Stock Performance

GOCO opened at $0.86 on Tuesday. GoHealth has a one year low of $0.83 and a one year high of $7.12. The business’s 50-day simple moving average is $1.30 and its 200-day simple moving average is $2.05. The stock has a market capitalization of $24.88 million, a P/E ratio of -0.05 and a beta of 1.33.

Wall Street Analyst Weigh In

GOCO has been the topic of a number of analyst reports. Noble Financial upgraded GoHealth to a “strong-buy” rating in a research note on Wednesday, April 1st. Weiss Ratings reiterated a “sell (e+)” rating on shares of GoHealth in a research report on Friday, April 24th. Finally, Freedom Capital cut GoHealth from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $5.00.

Hedge Funds Weigh In On GoHealth

A number of hedge funds and other institutional investors have recently made changes to their positions in GOCO. Bank of America Corp DE grew its holdings in shares of GoHealth by 22.8% during the fourth quarter. Bank of America Corp DE now owns 7,831 shares of the company’s stock worth $105,000 after buying an additional 1,452 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of GoHealth by 297.3% during the first quarter. Cubist Systematic Strategies LLC now owns 10,915 shares of the company’s stock worth $134,000 after buying an additional 8,168 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of GoHealth by 7.7% during the first quarter. Empowered Funds LLC now owns 25,008 shares of the company’s stock worth $307,000 after buying an additional 1,790 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of GoHealth during the first quarter worth about $177,000. Finally, Geode Capital Management LLC grew its holdings in shares of GoHealth by 4.3% during the second quarter. Geode Capital Management LLC now owns 118,961 shares of the company’s stock worth $660,000 after buying an additional 4,955 shares during the last quarter. Hedge funds and other institutional investors 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.