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

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

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GOCO. Redwood Capital Management LLC acquired a new position in GoHealth in the third quarter valued at $4,455,000. Focus Partners Wealth acquired a new position in GoHealth in the third quarter valued at $270,000. Deutsche Bank AG boosted its holdings in GoHealth by 150.8% in the fourth quarter. Deutsche Bank AG now owns 32,183 shares of the company’s stock valued at $69,000 after acquiring an additional 19,349 shares during the last quarter. Jane Street Group LLC purchased a new position in GoHealth in the first quarter valued at about $177,000. Finally, Charles Schwab Investment Management Inc. raised its position in GoHealth by 119.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 26,448 shares of the company’s stock valued at $57,000 after purchasing an additional 14,388 shares during the period. Institutional investors and hedge funds own 24.21% of the company’s stock.

GoHealth Stock Down 2.3%

GOCO opened at $0.30 on Friday. 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 two-hundred day moving average price of $1.62. The company has a market cap of $8.60 million, a PE ratio of -0.01 and a beta of 1.19.

GoHealth (NASDAQ:GOCO) last posted its quarterly earnings data 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. GoHealth had a negative return on equity of 402.70% and a negative net margin of 189.73%.The business had revenue of $11.91 million for the quarter, compared to analysts’ expectations of $16.90 million. As a group, sell-side analysts expect that GoHealth will post -9.19 EPS for the current fiscal year.

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.