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

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Public Sector Pension Investment Board bought a new position in GoHealth in the 3rd quarter valued at $8,100,000. Redwood Capital Management LLC purchased a new stake in shares of GoHealth during the third quarter valued at $4,455,000. Corient Private Wealth LLC boosted its stake 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 valued at $699,000 after purchasing an additional 8,979 shares during the period. Geode Capital Management LLC grew its holdings in shares of GoHealth by 4.3% in the second quarter. Geode Capital Management LLC now owns 118,961 shares of the company’s stock worth $660,000 after purchasing an additional 4,955 shares during the last quarter. Finally, Focus Partners Wealth purchased a new position in GoHealth in the 3rd quarter worth about $270,000. Institutional investors own 24.21% of the company’s stock.

Wall Street Analyst Weigh In

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

GoHealth Price Performance

Shares of NASDAQ GOCO traded up $0.09 during midday trading on Friday, reaching $2.49. 32,244 shares of the stock traded hands, compared to its average volume of 68,034. The company’s 50 day moving average is $2.63 and its 200 day moving average is $4.25. GoHealth has a one year low of $2.05 and a one year high of $21.00. 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 stock has a market capitalization of $71.49 million, a PE ratio of 4.79 and a beta of 1.64.

GoHealth (NASDAQ:GOCO) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($2.06) by $1.87. GoHealth had a negative net margin of 26.95% and a positive return on equity of 8.00%. The company had revenue of $34.19 million for the quarter, compared to analysts’ expectations of $102.36 million. On average, equities research analysts anticipate that GoHealth will post -5.5 earnings per share for the current year.

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.