GoHealth (NASDAQ:GOCO) Issues Quarterly Earnings Results, Beats Estimates By $1.66 EPS

GoHealth (NASDAQ:GOCO) announced its earnings results on Tuesday. The company reported ($1.03) EPS for the quarter, topping the consensus estimate of ($2.69) by $1.66, FiscalAI reports. GoHealth had a positive return on equity of 8.00% and a negative net margin of 26.95%.The company had revenue of $12.64 million for the quarter, compared to analysts’ expectations of $88.62 million.

GoHealth Stock Performance

Shares of NASDAQ:GOCO traded down $0.02 on Tuesday, hitting $1.51. The company had a trading volume of 50,072 shares, compared to its average volume of 115,560. The stock has a market cap of $43.35 million, a price-to-earnings ratio of -0.10 and a beta of 1.70. The stock has a 50 day moving average price of $1.80 and a 200 day moving average price of $2.84. GoHealth has a 1-year low of $1.31 and a 1-year high of $12.69. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.64.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GOCO. Barclays PLC raised its stake in GoHealth by 10.1% during the fourth quarter. Barclays PLC now owns 81,181 shares of the company’s stock worth $175,000 after acquiring an additional 7,430 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in GoHealth by 119.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 26,448 shares of the company’s stock worth $57,000 after purchasing an additional 14,388 shares in the last quarter. Deutsche Bank AG lifted its stake 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 purchasing an additional 19,349 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in GoHealth in the fourth quarter valued at approximately $26,000. Finally, Geode Capital Management LLC grew its stake in shares of GoHealth by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 150,821 shares of the company’s stock worth $324,000 after buying an additional 11,340 shares during the last quarter. Institutional investors and hedge funds own 24.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of GoHealth in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $5.00.

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.