Short Interest in GoHealth, Inc. (NASDAQ:GOCO) Rises By 26.5%

GoHealth, Inc. (NASDAQ:GOCO) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 533,301 shares, an increase of 26.5% from the February 26th total of 421,495 shares. Based on an average daily trading volume, of 119,901 shares, the days-to-cover ratio is presently 4.4 days. Approximately 2.8% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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 assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.00.

GoHealth Trading Down 2.6%

Shares of GoHealth stock traded down $0.04 during trading hours on Wednesday, reaching $1.47. 15,995 shares of the company’s stock were exchanged, compared to its average volume of 63,516. The firm has a market capitalization of $42.20 million, a price-to-earnings ratio of -0.09 and a beta of 1.70. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.64. GoHealth has a 52-week low of $1.31 and a 52-week high of $12.37. The company has a fifty day moving average of $1.80 and a 200-day moving average of $2.84.

GoHealth (NASDAQ:GOCO) last released its earnings results on Tuesday, March 31st. The company reported ($1.03) earnings per share for the quarter, topping the consensus estimate of ($2.69) by $1.66. The firm had revenue of $12.64 million for the quarter, compared to the consensus estimate of $88.62 million. GoHealth had a positive return on equity of 8.00% and a negative net margin of 26.95%. Sell-side analysts forecast that GoHealth will post -5.5 EPS for the current fiscal year.

Institutional Investors Weigh In On GoHealth

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

About GoHealth

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.