GoHealth (NASDAQ:GOCO) Trading Down 2.3% – Here’s Why

Shares of GoHealth, Inc. (NASDAQ:GOCOGet Free Report) traded down 2.3% during trading on Wednesday . The company traded as low as $0.29 and last traded at $0.2980. 2,704,303 shares traded hands during trading, an increase of 195% from the average session volume of 916,731 shares. The stock had previously closed at $0.3050.

Analyst Ratings Changes

A number of analysts have commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of GoHealth in a research report on Friday, April 24th. Noble Financial upgraded shares of GoHealth to a “strong-buy” rating in a research report on Wednesday, April 1st. Finally, Freedom Capital downgraded shares of GoHealth from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, GoHealth has a consensus rating of “Hold” and a consensus price target of $5.00.

Read Our Latest Research Report on GOCO

GoHealth Trading Down 2.3%

The business’s fifty day moving average is $0.84 and its 200 day moving average is $1.65. The firm has a market capitalization of $8.60 million, a P/E ratio of -0.01 and a beta of 1.19.

GoHealth (NASDAQ:GOCOGet Free Report) last released its quarterly earnings results on Monday, May 18th. The company reported ($2.36) earnings per share (EPS) for the quarter, beating 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 business had revenue of $11.91 million for the quarter, compared to analyst estimates of $16.90 million. As a group, sell-side analysts predict that GoHealth, Inc. will post -9.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GoHealth

Large investors have recently made changes to their positions in the company. Bank of America Corp DE raised its holdings 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 acquiring an additional 1,452 shares during the period. Cubist Systematic Strategies LLC raised its holdings in shares of GoHealth by 297.3% during the first quarter. Cubist Systematic Strategies LLC now owns 10,915 shares of the company’s stock valued at $134,000 after acquiring an additional 8,168 shares during the period. American Century Companies Inc. acquired a new stake in shares of GoHealth during the second quarter valued at approximately $63,000. Goldman Sachs Group Inc. acquired a new stake in shares of GoHealth during the fourth quarter valued at approximately $26,000. Finally, Franklin Resources Inc. acquired a new stake in shares of GoHealth during the third quarter valued at approximately $66,000. Institutional investors and hedge funds own 24.21% of the company’s stock.

GoHealth Company Profile

(Get Free Report)

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.

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