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

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

Wall Street Analysts Forecast Growth

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

GoHealth Stock Down 3.3%

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its stake in GoHealth by 22.8% during the fourth quarter. Bank of America Corp DE now owns 7,831 shares of the company’s stock worth $105,000 after acquiring an additional 1,452 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of GoHealth by 297.3% in the 1st quarter. Cubist Systematic Strategies LLC now owns 10,915 shares of the company’s stock valued at $134,000 after purchasing an additional 8,168 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of GoHealth by 7.7% in the 1st quarter. Empowered Funds LLC now owns 25,008 shares of the company’s stock worth $307,000 after purchasing an additional 1,790 shares during the period. Jane Street Group LLC purchased a new position in shares of GoHealth in the 1st quarter worth approximately $177,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of GoHealth by 50.5% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,013 shares of the company’s stock valued at $144,000 after purchasing an additional 8,734 shares during the last quarter. Hedge funds and other institutional investors own 24.21% of the company’s stock.

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.