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

Shares of GoHealth, Inc. (NASDAQ:GOCO) have received an average rating of “Hold” from the five brokerages that are covering the stock, Marketbeat.com reports. One investment 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 12-month price target among brokerages that have covered the stock in the last year is $5.00.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GOCO. Bank of America Corp DE increased its stake 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 valued at $105,000 after purchasing an additional 1,452 shares in the last quarter. Empowered Funds LLC raised its stake in shares of GoHealth by 7.7% in the first quarter. Empowered Funds LLC now owns 25,008 shares of the company’s stock worth $307,000 after purchasing an additional 1,790 shares during the last quarter. Bridgeway Capital Management LLC raised its position in GoHealth by 8.2% in the 2nd quarter. Bridgeway Capital Management LLC now owns 27,066 shares of the company’s stock worth $150,000 after buying an additional 2,058 shares during the last quarter. Geode Capital Management LLC lifted its position in GoHealth by 4.3% during the second quarter. Geode Capital Management LLC now owns 118,961 shares of the company’s stock valued at $660,000 after purchasing an additional 4,955 shares during the period. Finally, Barclays PLC lifted its holdings in shares of GoHealth by 10.1% during the 4th quarter. Barclays PLC now owns 81,181 shares of the company’s stock valued at $175,000 after buying an additional 7,430 shares during the period. 24.21% of the stock is currently owned by institutional investors.

GoHealth Trading Down 2.3%

Shares of GOCO opened at $0.30 on Thursday. GoHealth has a 12-month low of $0.28 and a 12-month high of $7.12. The company has a market cap of $8.60 million, a PE ratio of -0.01 and a beta of 1.19. The stock has a 50-day moving average price of $0.50 and a 200-day moving average price of $1.30.

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