GoHealth (NASDAQ:GOCO) Trading Down 5.1% – What’s Next?

Shares of GoHealth, Inc. (NASDAQ:GOCO) were down 5.1% during mid-day trading on Thursday . The company traded as low as $12.02 and last traded at $12.40. Approximately 66,244 shares traded hands during mid-day trading, an increase of 102% from the average daily volume of 32,738 shares. The stock had previously closed at $13.06.

GoHealth Stock Down 0.2 %

The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.18 and a current ratio of 1.18. The business’s 50 day simple moving average is $15.61 and its 200-day simple moving average is $12.88. The company has a market cap of $284.85 million, a price-to-earnings ratio of -3.54 and a beta of 1.68.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN boosted its holdings in GoHealth by 28.2% in the fourth quarter. Wells Fargo & Company MN now owns 2,760 shares of the company’s stock worth $37,000 after purchasing an additional 607 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of GoHealth in the fourth quarter worth about $37,000. JPMorgan Chase & Co. boosted its stake in shares of GoHealth by 99.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,437 shares of the company’s stock worth $79,000 after acquiring an additional 4,204 shares in the last quarter. Barclays PLC increased its holdings in shares of GoHealth by 83.9% during the 3rd quarter. Barclays PLC now owns 9,580 shares of the company’s stock valued at $89,000 after acquiring an additional 4,372 shares during the last quarter. Finally, Bank of America Corp DE raised its stake 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 in the last quarter. Institutional investors and hedge funds own 24.21% of the company’s stock.

GoHealth Company Profile

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.