GoHealth (NASDAQ:GOCO) Shares Down 3.3% – Should You Sell?

Shares of GoHealth, Inc. (NASDAQ:GOCO) were down 3.3% on Thursday . The company traded as low as $1.3950 and last traded at $1.48. Approximately 40,471 shares changed hands during trading, a decline of 49% from the average daily volume of 78,643 shares. The stock had previously closed at $1.53.

Analyst Ratings Changes

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

GoHealth Stock Down 3.3%

The firm has a market capitalization of $42.49 million, a PE ratio of -0.09 and a beta of 1.70. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.64 and a quick ratio of 1.64. The company has a 50-day moving average price of $1.92 and a 200 day moving average price of $3.05.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in shares of GoHealth by 22.8% in the fourth quarter. Bank of America Corp DE now owns 7,831 shares of the company’s stock worth $105,000 after buying an additional 1,452 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in GoHealth by 297.3% during the first quarter. Cubist Systematic Strategies LLC now owns 10,915 shares of the company’s stock valued at $134,000 after acquiring an additional 8,168 shares in the last quarter. American Century Companies Inc. purchased a new position in GoHealth during the second quarter valued at $63,000. Goldman Sachs Group Inc. bought a new stake in GoHealth in the 4th quarter valued at $26,000. Finally, Franklin Resources Inc. purchased a new stake in GoHealth in the 3rd quarter worth $66,000. 24.21% of the stock is currently owned by institutional investors.

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.