GoHealth, Inc. (NASDAQ:GOCO) Sees Large Drop in Short Interest

GoHealth, Inc. (NASDAQ:GOCO) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 120,500 shares, a drop of 27.4% from the August 31st total of 165,900 shares. Based on an average trading volume of 47,500 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.1% of the company’s shares are short sold. Currently, 1.1% of the company’s shares are short sold. Based on an average trading volume of 47,500 shares, the days-to-cover ratio is presently 2.5 days.

Analyst Ratings Changes

A number of research firms have recently commented on GOCO. Noble Financial restated an “outperform” rating on shares of GoHealth in a report on Friday, August 8th. Wall Street Zen lowered shares of GoHealth from a “hold” rating to a “sell” rating in a report on Friday, July 18th. Weiss Ratings reiterated a “sell (e+)” rating on shares of GoHealth in a research note on Saturday, September 27th. Finally, Royal Bank Of Canada decreased their price target on shares of GoHealth from $18.00 to $12.00 and set a “sector perform” rating for the company in a research report on Thursday, August 28th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.00.

Hedge Funds Weigh In On GoHealth

Several large investors have recently modified their holdings of GOCO. 4D Advisors LLC acquired a new stake in GoHealth during the first quarter worth about $1,840,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of GoHealth during the first quarter valued at approximately $212,000. Russell Investments Group Ltd. increased its position in GoHealth by 77.3% in the first quarter. Russell Investments Group Ltd. now owns 37,366 shares of the company’s stock worth $458,000 after buying an additional 16,290 shares during the period. Jane Street Group LLC acquired a new stake in GoHealth in the first quarter worth $177,000. Finally, Trexquant Investment LP bought a new stake in GoHealth in the first quarter valued at $166,000. Institutional investors own 24.21% of the company’s stock.

GoHealth Price Performance

GOCO stock opened at $4.90 on Tuesday. The company has a market capitalization of $140.18 million, a PE ratio of -1.36 and a beta of 1.62. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.64. The stock’s 50 day moving average is $5.19 and its two-hundred day moving average is $6.92. GoHealth has a 52-week low of $4.32 and a 52-week high of $21.00.

GoHealth (NASDAQ:GOCO) last released its quarterly earnings results on Thursday, August 7th. The company reported ($1.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.60) by $1.37. The business had revenue of $94.05 million during the quarter, compared to the consensus estimate of $119.76 million. GoHealth had a negative net margin of 3.21% and a negative return on equity of 8.74%. Analysts predict that GoHealth will post -5.5 earnings per share for the current fiscal year.

About GoHealth

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.