GoHealth (NASDAQ:GOCO) Raised to Strong-Buy at Noble Financial

GoHealth (NASDAQ:GOCO) was upgraded by investment analysts at Noble Financial to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

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

GoHealth Price Performance

GOCO opened at $1.33 on Wednesday. GoHealth has a one year low of $1.30 and a one year high of $12.37. The business has a 50 day simple moving average of $1.77 and a two-hundred day simple moving average of $2.83. The firm has a market capitalization of $38.19 million, a price-to-earnings ratio of -0.07 and a beta of 1.70.

GoHealth (NASDAQ:GOCO) last posted its earnings results on Tuesday, March 31st. The company reported ($1.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.69) by $1.66. GoHealth had a positive return on equity of 8.00% and a negative net margin of 26.95%.The firm had revenue of $12.64 million for the quarter, compared to analysts’ expectations of $88.62 million. As a group, sell-side analysts expect that GoHealth will post -5.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. purchased a new position in GoHealth during the 4th quarter valued at about $26,000. Benefit Street Partners LLC purchased a new position in GoHealth in the fourth quarter worth about $29,000. Charles Schwab Investment Management Inc. lifted its stake in shares of GoHealth by 119.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 26,448 shares of the company’s stock worth $57,000 after buying an additional 14,388 shares in the last quarter. American Century Companies Inc. bought a new position in shares of GoHealth in the second quarter worth approximately $63,000. Finally, Franklin Resources Inc. purchased a new stake in shares of GoHealth during the third quarter valued at approximately $66,000. 24.21% of the stock is currently owned by 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.