GoHealth, Inc. (NASDAQ:GOCO) Short Interest Up 32.6% in December

GoHealth, Inc. (NASDAQ:GOCO) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 429,101 shares, an increase of 32.6% from the December 15th total of 323,557 shares. Based on an average daily volume of 99,359 shares, the short-interest ratio is currently 4.3 days. Currently, 2.3% of the shares of the company are short sold. Currently, 2.3% of the shares of the company are short sold. Based on an average daily volume of 99,359 shares, the short-interest ratio is currently 4.3 days.

GoHealth Stock Performance

GOCO traded up $0.09 during midday trading on Friday, reaching $2.49. The company had a trading volume of 32,244 shares, compared to its average volume of 68,034. The business has a 50-day moving average of $2.63 and a two-hundred day moving average of $4.25. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.64. GoHealth has a 1 year low of $2.05 and a 1 year high of $21.00. The company has a market cap of $71.49 million, a P/E ratio of 4.79 and a beta of 1.64.

GoHealth (NASDAQ:GOCO) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.06) by $1.87. The firm had revenue of $34.19 million for the quarter, compared to analysts’ expectations of $102.36 million. GoHealth had a positive return on equity of 8.00% and a negative net margin of 26.95%. As a group, equities research analysts predict that GoHealth will post -5.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada dropped their price target on GoHealth from $12.00 to $5.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 26th. Weiss Ratings reissued a “sell (e+)” rating on shares of GoHealth in a research report on Monday, December 29th. Finally, William Blair reaffirmed a “market perform” rating on shares of GoHealth in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, GoHealth presently has a consensus rating of “Hold” and an average price target of $5.00.

Institutional Trading of GoHealth

Several institutional investors and hedge funds have recently modified their holdings of the company. Redwood Capital Management LLC purchased a new position in shares of GoHealth during the 3rd quarter valued at $4,455,000. Focus Partners Wealth bought a new stake in GoHealth during the third quarter valued at about $270,000. Franklin Resources Inc. purchased a new position in shares of GoHealth in the third quarter valued at about $66,000. Public Sector Pension Investment Board bought a new position in shares of GoHealth in the third quarter worth about $8,100,000. Finally, Corient Private Wealth LLC grew its position in shares of GoHealth by 7.7% during the second quarter. Corient Private Wealth LLC now owns 125,938 shares of the company’s stock worth $699,000 after purchasing an additional 8,979 shares in the last quarter. 24.21% of the stock is currently owned by institutional investors.

About GoHealth

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.