Open enrollment starts in October which is like Xmas to these Insurance brokers so expect Q4 to be a blowout!
Big Insider buys just announced at 6:37PM Today 8-18-21 - https://fintel.io/n/us/goco/jones-clinton-p?utm_source=stocktwits.com&utm_medium=Referral&utm_campaign=insider
Following a dissapointing earnings report GOCO has been over cooked IMO.
Open enrollment is right around the corner for health insurance. I'd imagine GOCO would see a significant boost come Q3/Q4 being paired with $GDRX ($34/share) which has $631M in rev's and $315M in losses VS. GOCO with $1.01B in revs and a $32.9M loss ($4.75/share) -
Recent news- GoHealth and GoodRx Announce Exclusive Medicare Agreement
CHICAGO and SANTA MONICA, Calif., Aug. 2, 2021 /PRNewswire/ -- GoHealth, Inc. (GoHealth) (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, and GoodRx, Inc. (NASDAQ: GDRX), America's leading resource for healthcare savings, today announced an exclusive agreement to bring GoHealth's Medicare enrollment and engagement solutions directly to GoodRx users on the GoodRx platform.
Of the nearly 20 million people who come to GoodRx every month looking for savings, millions of them have Medicare, based on GoodRx's internal analysis, while many others qualify for the program each year as they age in. GoodRx consumers who want to explore Medicare coverage options and understand potential benefits or savings will be able to access information about GoHealth's market-leading Medicare plan selection solutions. Those who enroll in a Medicare plan through GoHealth have access to a suite of healthcare services to further improve health outcomes. For instance, GoHealth members will receive ongoing engagement and education around pharmacy options and prescription savings related to their Medicare Advantage plan to maximize the value of their prescription plan benefits.
GoHealth consumers will also have access to GoodRx prescription discounts on GoHealth's Encompass platform. GoodRx prescription discounts can provide savings of up to 80% from the pharmacy retail price and are accepted at over 70,000 pharmacies nationwide, including Albertsons, CVS, Kroger, Rite Aid, Walmart and Walgreens.
"We're excited to bring GoodRx into GoHealth's robust ecosystem of strategic partners. Prescription costs are a major financial barrier for many people, especially Medicare members, and GoodRx's platform is greatly beneficial to finding savings for our members. Through this strategic partnership, we are giving our members affordable choices to further improve health outcomes, while also helping GoodRx's users find and enroll in the right Medicare coverage plan that fits their needs, a real win-win," said Ben Miller, Senior Vice President, Strategic Partnerships at GoHealth.
GoodRx is one of the many strategic partners GoHealth has added to its Encompass technology, a proprietary engagement platform that maximizes members' utilization of their benefits once enrolled in a plan, ensuring that members receive the care they need. This agreement is part of GoHealth's ongoing commitment to improve access to healthcare in America.
"The strategic partnership with GoHealth adds critical information to our platform that helps users as they seek to understand and navigate the complex world of Medicare," said Doug Hirsch, co-CEO and co-founder of GoodRx. "The level of Medicare expertise and service that GoHealth provides, combined with our prescription savings value proposition, creates immense value all around."
Full PR link- https://finance.yahoo.com/news/gohealth-goodrx-announce-exclusive-medicare-200500271.html
Although GOCO missed pretty bad on EPS last quarter their revenues have GROWN BY LEAPS AND BOUNDS 2018 rev's $226M**, FYE 2021 rev's $1.01B**
Last reported cash on hand (recent) $112M
Last reported short % of float 8.52%
Book value per share $4.47
Qurterly revenue growth YOY 55%
Quote from the recent Earnings report
Clint Jones, co-founder and CEO said, "GoHealth's second quarter revenue growth of 55% was driven by an 84% gain in our Medicare—Internal segment with LTVs expanding 5%. Our ramped up investments in our Encompass Platform led to $17 million in revenue contribution from the platform's additional services beyond enrollment for carriers. Given the 50% top-line growth over the first six months and continued strength in the market, we have raised and tightened our revenue expectations for full year fiscal 2021."
52 week low $4
52 week high $19.50
It's all about risk reward and I do not see alot of downside here.
I started building a position early this week and plan to add on dips.
Please share your thoughts.
Submitted August 19, 2021 at 12:29PM by SituationLive4406 https://ift.tt/2W7TD4Q
