GoHealth, Inc. (NASDAQ:GOCO) Short Interest Update

GoHealth, Inc. (NASDAQ:GOCO) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 129,400 shares, a decrease of 8.7% from the December 31st total of 141,700 shares. Currently, 1.6% of the company’s shares are short sold. Based on an average daily trading volume, of 38,900 shares, the short-interest ratio is presently 3.3 days.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $13.00 price objective on shares of GoHealth in a research note on Monday, October 21st.

Institutional Trading of GoHealth

A number of large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in shares of GoHealth by 99.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,437 shares of the company’s stock worth $79,000 after buying an additional 4,204 shares during the period. Barclays PLC lifted its stake in GoHealth by 83.9% in the third quarter. Barclays PLC now owns 9,580 shares of the company’s stock worth $89,000 after acquiring an additional 4,372 shares during the period. Renaissance Technologies LLC grew its holdings in GoHealth by 22.0% during the 2nd quarter. Renaissance Technologies LLC now owns 18,272 shares of the company’s stock worth $178,000 after acquiring an additional 3,300 shares in the last quarter. Empowered Funds LLC increased its position in GoHealth by 5.1% during the 3rd quarter. Empowered Funds LLC now owns 22,048 shares of the company’s stock valued at $207,000 after purchasing an additional 1,072 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of GoHealth by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 103,735 shares of the company’s stock valued at $973,000 after purchasing an additional 3,205 shares in the last quarter. 24.21% of the stock is owned by hedge funds and other institutional investors.

GoHealth Trading Down 0.8 %

GoHealth stock traded down $0.13 during midday trading on Monday, reaching $16.18. The stock had a trading volume of 10,151 shares, compared to its average volume of 61,487. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.72. The firm has a market cap of $370.50 million, a price-to-earnings ratio of -4.62 and a beta of 1.64. GoHealth has a 52-week low of $7.27 and a 52-week high of $18.20. The company has a fifty day moving average of $13.43 and a 200 day moving average of $11.42.

GoHealth (NASDAQ:GOCO) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($3.73) earnings per share for the quarter, missing the consensus estimate of ($3.19) by ($0.54). GoHealth had a negative return on equity of 17.17% and a negative net margin of 4.32%. The business had revenue of $118.29 million during the quarter, compared to analysts’ expectations of $105.93 million. During the same quarter in the previous year, the company posted ($2.61) earnings per share. On average, analysts anticipate that GoHealth will post -5.5 earnings per share for the current fiscal year.

About GoHealth

GoHealth, Inc operates as a health insurance marketplace and Medicare-focused digital health company in the United States. 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.