Short Interest in GoHealth, Inc. (NASDAQ:GOCO) Increases By 129.2%

GoHealth, Inc. (NASDAQ:GOCO) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 1,052,454 shares, a growth of 129.2% from the May 31st total of 459,241 shares. Currently, 5.1% of the shares of the company are sold short. Based on an average daily volume of 1,461,180 shares, the days-to-cover ratio is currently 0.7 days.

GoHealth Price Performance

GoHealth stock traded down $0.01 during mid-day trading on Wednesday, reaching $0.30. 2,704,303 shares of the company traded hands, compared to its average volume of 916,731. GoHealth has a 52-week low of $0.28 and a 52-week high of $7.12. The firm has a market capitalization of $8.60 million, a price-to-earnings ratio of -0.01 and a beta of 1.19. The firm’s 50 day moving average price is $0.69 and its 200 day moving average price is $1.48.

GoHealth (NASDAQ:GOCO) last posted its quarterly earnings data on Monday, May 18th. The company reported ($2.36) earnings per share for the quarter, beating the consensus estimate of ($2.40) by $0.04. GoHealth had a negative return on equity of 402.70% and a negative net margin of 189.73%.The business had revenue of $11.91 million for the quarter, compared to analysts’ expectations of $16.90 million. On average, sell-side analysts anticipate that GoHealth will post -9.19 EPS for the current year.

Institutional Trading of GoHealth

A number of institutional investors and hedge funds have recently modified their holdings of the business. Redwood Capital Management LLC purchased a new stake in GoHealth in the third quarter worth about $4,455,000. Geode Capital Management LLC increased its holdings in GoHealth by 8.1% in the 4th quarter. Geode Capital Management LLC now owns 150,821 shares of the company’s stock valued at $324,000 after acquiring an additional 11,340 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of GoHealth by 7.7% in 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 during the last quarter. Barclays PLC increased its stake in GoHealth by 10.1% in the 4th quarter. Barclays PLC now owns 81,181 shares of the company’s stock worth $175,000 after acquiring an additional 7,430 shares during the last quarter. Finally, Focus Partners Wealth bought a new stake in GoHealth in the third quarter worth $270,000. Institutional investors own 24.21% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of GoHealth in a research report on Friday, April 24th. Freedom Capital lowered GoHealth from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Noble Financial raised GoHealth to a “strong-buy” rating in a research note on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, GoHealth has an average rating of “Hold” and a consensus price target of $5.00.

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.