GoHealth, Inc. (NASDAQ:GOCO) Short Interest Update

GoHealth, Inc. (NASDAQ:GOCO) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 448,702 shares, a decrease of 15.9% from the March 15th total of 533,301 shares. Based on an average daily volume of 96,716 shares, the short-interest ratio is presently 4.6 days. Currently, 2.4% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on GOCO shares. Freedom Capital lowered shares of GoHealth from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of GoHealth in a report on Monday, December 29th. Finally, Noble Financial raised shares of GoHealth to a “strong-buy” rating in a research report on Wednesday, April 1st. One equities 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 stock. Based on data from MarketBeat.com, GoHealth currently has an average rating of “Hold” and an average price target of $5.00.

Hedge Funds Weigh In On GoHealth

A number of institutional investors and hedge funds have recently bought and sold shares of GOCO. Goldman Sachs Group Inc. bought a new stake in GoHealth in the 4th quarter valued at $26,000. Benefit Street Partners LLC bought a new position in shares of GoHealth during the 4th quarter worth about $29,000. Charles Schwab Investment Management Inc. raised its position in shares of GoHealth by 119.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 26,448 shares of the company’s stock valued at $57,000 after buying an additional 14,388 shares during the last quarter. American Century Companies Inc. acquired a new position in shares of GoHealth during the second quarter valued at about $63,000. Finally, Franklin Resources Inc. bought a new stake in shares of GoHealth in the third quarter valued at about $66,000. Institutional investors own 24.21% of the company’s stock.

GoHealth Stock Performance

GoHealth stock opened at $1.15 on Friday. GoHealth has a 52 week low of $1.00 and a 52 week high of $11.36. The firm has a market capitalization of $33.18 million, a PE ratio of -0.06 and a beta of 1.61. The business’s 50-day simple moving average is $1.52 and its 200-day simple moving average is $2.53.

GoHealth (NASDAQ:GOCO) last announced its earnings results on Tuesday, March 31st. The company reported ($1.03) earnings per share for the quarter, beating the consensus estimate of ($2.69) by $1.66. The firm had revenue of $12.64 million during the quarter, compared to the consensus estimate of $88.62 million. GoHealth had a negative return on equity of 33.29% and a negative net margin of 71.06%. Research analysts forecast 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.