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

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

Separately, Weiss Ratings reiterated 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 Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, GoHealth has a consensus rating of “Hold” and an average target price of $5.00.

GoHealth Trading Down 4.1%

GoHealth stock opened at $1.28 on Wednesday. GoHealth has a 1-year low of $1.26 and a 1-year high of $11.88. The company has a fifty day simple moving average of $1.75 and a 200 day simple moving average of $2.82. The company has a market cap of $36.61 million, a P/E ratio of -0.07 and a beta of 1.61.

GoHealth (NASDAQ:GOCO) last issued its quarterly earnings results on Tuesday, March 31st. The company reported ($1.03) EPS for the quarter, topping the consensus estimate of ($2.69) by $1.66. 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 for the quarter, compared to analysts’ expectations of $88.62 million. On average, equities research analysts forecast that GoHealth will post -5.5 EPS for the current year.

Institutional Trading of GoHealth

A number of large investors have recently added to or reduced their stakes in GOCO. Bank of America Corp DE grew its position 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 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% in the 1st quarter. Cubist Systematic Strategies LLC now owns 10,915 shares of the company’s stock valued at $134,000 after purchasing an additional 8,168 shares during the period. Empowered Funds LLC lifted its stake in GoHealth by 7.7% in the 1st quarter. Empowered Funds LLC now owns 25,008 shares of the company’s stock valued at $307,000 after purchasing an additional 1,790 shares during the last quarter. Jane Street Group LLC acquired a new stake in GoHealth in the 1st quarter valued at about $177,000. Finally, Geode Capital Management LLC grew its holdings in 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 purchasing an additional 4,955 shares during the period. Institutional investors and hedge funds own 24.21% of the company’s stock.

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.