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

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

GoHealth Trading Down 1.3%

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in shares of GoHealth by 22.8% in the 4th quarter. Bank of America Corp DE now owns 7,831 shares of the company’s stock worth $105,000 after purchasing an additional 1,452 shares in 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 valued at $307,000 after buying an additional 1,790 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of GoHealth by 8.2% during the second quarter. Bridgeway Capital Management LLC now owns 27,066 shares of the company’s stock valued at $150,000 after buying an additional 2,058 shares during the last quarter. Geode Capital Management LLC increased its position 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 acquiring an additional 4,955 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of GoHealth by 10.1% in the 4th quarter. Barclays PLC now owns 81,181 shares of the company’s stock worth $175,000 after acquiring an additional 7,430 shares during the last quarter. 24.21% of the stock is owned by institutional investors and hedge funds.

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.