Short Interest in GoHealth, Inc. (NASDAQ:GOCO) Grows By 8.9%

GoHealth, Inc. (NASDAQ:GOCO) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 223,400 shares, a growth of 8.9% from the March 15th total of 205,100 shares. Approximately 3.0% of the company’s stock are short sold. Based on an average daily trading volume, of 15,000 shares, the short-interest ratio is presently 14.9 days.

Hedge Funds Weigh In On GoHealth

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of GoHealth by 0.4% in the third quarter. Vanguard Group Inc. now owns 198,276 shares of the company’s stock valued at $2,873,000 after acquiring an additional 781 shares during the period. California State Teachers Retirement System acquired a new stake in shares of GoHealth in the second quarter valued at approximately $26,000. Wells Fargo & Company MN boosted its holdings in shares of GoHealth by 101.6% in the second quarter. Wells Fargo & Company MN now owns 2,782 shares of the company’s stock valued at $55,000 after acquiring an additional 1,402 shares during the period. Bridgeway Capital Management LLC boosted its holdings in shares of GoHealth by 9.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 18,136 shares of the company’s stock valued at $242,000 after acquiring an additional 1,536 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of GoHealth by 4,931.4% in the second quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the company’s stock valued at $35,000 after acquiring an additional 1,726 shares during the period. 24.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Royal Bank of Canada cut their target price on shares of GoHealth from $20.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 20th.

GoHealth Stock Up 0.8 %

GOCO traded up $0.08 on Wednesday, reaching $10.10. The company’s stock had a trading volume of 1,695 shares, compared to its average volume of 15,023. The stock has a 50 day moving average of $11.74 and a two-hundred day moving average of $12.80. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.29 and a current ratio of 1.29. GoHealth has a fifty-two week low of $7.05 and a fifty-two week high of $22.85.

GoHealth (NASDAQ:GOCO) last announced its quarterly earnings results on Thursday, March 14th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.73 by ($2.13). The business had revenue of $276.70 million during the quarter, compared to analyst estimates of $362.38 million. GoHealth had a negative net margin of 8.61% and a negative return on equity of 9.29%. On average, research analysts predict that GoHealth will post -5.22 EPS for the current year.

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.