William Blair Research Analysts Lift Earnings Estimates for GoHealth, Inc. (NASDAQ:GOCO)

GoHealth, Inc. (NASDAQ:GOCO – Get Rating) – William Blair boosted their Q4 2022 earnings per share estimates for shares of GoHealth in a report released on Wednesday, May 11th. William Blair analyst A. Klauber now anticipates that the company will earn $0.32 per share for the quarter, up from their previous estimate of $0.25.

Several other research analysts also recently weighed in on the stock. Royal Bank of Canada downgraded shares of GoHealth from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $10.00 to $2.00 in a report on Thursday, March 3rd. Truist Financial downgraded shares of GoHealth from a “buy” rating to a “hold” rating and set a $2.00 price objective for the company. in a report on Wednesday, March 2nd. Credit Suisse Group dropped their price objective on shares of GoHealth from $3.00 to $1.50 in a report on Thursday, March 17th. Zacks Investment Research downgraded shares of GoHealth from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Evercore ISI dropped their price objective on shares of GoHealth from $4.50 to $1.75 and set an “in-line” rating for the company in a report on Wednesday, March 16th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $4.64.

Shares of GoHealth stock opened at $0.69 on Friday. The company has a market capitalization of $221.68 million, a P/E ratio of -0.39 and a beta of 1.27. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.98 and a current ratio of 1.98. The company has a fifty day moving average of $1.06 and a 200 day moving average of $2.49. GoHealth has a fifty-two week low of $0.63 and a fifty-two week high of $12.12.

GoHealth (NASDAQ:GOCO – Get Rating) last issued its earnings results on Tuesday, March 15th. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of ($0.13) by $1.43. The company had revenue of $449.60 million during the quarter, compared to the consensus estimate of $480.61 million. GoHealth had a negative net margin of 17.78% and a positive return on equity of 9.57%. GoHealth’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS.

Institutional investors have recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new stake in shares of GoHealth in the fourth quarter valued at approximately $27,000. Flputnam Investment Management Co. acquired a new stake in shares of GoHealth in the 1st quarter worth $27,000. Ausdal Financial Partners Inc. purchased a new position in shares of GoHealth during the 4th quarter worth $39,000. Teacher Retirement System of Texas acquired a new position in shares of GoHealth during the 4th quarter valued at about $42,000. Finally, Sciencast Management LP purchased a new stake in shares of GoHealth in the first quarter valued at about $44,000. Institutional investors and hedge funds own 41.94% of the company’s stock.

About GoHealth (Get Rating)

GoHealth, Inc operates as a health insurance marketplace and Medicare focused digital health company in the United States. It operates through four segments: MedicareInternal; MedicareExternal; Individual and Family Plans (IFP) and OtherInternal; and IFP and OtherExternal. The company operates a technology platform that leverages machine-learning algorithms of insurance behavioral data to optimize the process for helping individuals find the health insurance plan for their specific needs.

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