GoHealth, Inc. (NASDAQ:GOCO) Short Interest Up 20.2% in April

GoHealth, Inc. (NASDAQ:GOCO) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 539,120 shares, a growth of 20.2% from the March 31st total of 448,702 shares. Approximately 2.8% of the company’s shares are short sold. Based on an average daily trading volume, of 60,721 shares, the days-to-cover ratio is presently 8.9 days.

Analyst Ratings Changes

A number of research analysts have issued reports on GOCO shares. Noble Financial raised GoHealth to a “strong-buy” rating in a research note on Wednesday, April 1st. Weiss Ratings reiterated a “sell (e+)” rating on shares of GoHealth in a report on Friday, April 24th. Finally, Freedom Capital lowered GoHealth from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $5.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its position in GoHealth by 22.8% in the 4th quarter. Bank of America Corp DE now owns 7,831 shares of the company’s stock valued at $105,000 after buying an additional 1,452 shares during the last quarter. Empowered Funds LLC grew its stake in shares of GoHealth by 7.7% during the 1st quarter. Empowered Funds LLC now owns 25,008 shares of the company’s stock worth $307,000 after acquiring an additional 1,790 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of GoHealth by 8.2% in the second quarter. Bridgeway Capital Management LLC now owns 27,066 shares of the company’s stock valued at $150,000 after purchasing an additional 2,058 shares during the last quarter. Geode Capital Management LLC lifted its position 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 in the last quarter. Finally, Barclays PLC lifted its position in shares of GoHealth by 10.1% in the fourth quarter. Barclays PLC now owns 81,181 shares of the company’s stock worth $175,000 after purchasing an additional 7,430 shares in the last quarter. 24.21% of the stock is currently owned by institutional investors.

GoHealth Stock Down 1.8%

Shares of NASDAQ:GOCO traded down $0.02 during midday trading on Friday, reaching $1.11. 67,251 shares of the company were exchanged, compared to its average volume of 51,974. The firm has a market cap of $32.02 million, a PE ratio of -0.06 and a beta of 1.33. GoHealth has a fifty-two week low of $1.00 and a fifty-two week high of $9.50. The stock has a fifty day simple moving average of $1.42 and a two-hundred day simple moving average of $2.33.

GoHealth (NASDAQ:GOCO) last announced its earnings results on Tuesday, March 31st. The company reported ($1.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.69) by $1.66. The firm had revenue of $12.64 million during the quarter, compared to analyst estimates of $88.62 million. GoHealth had a negative net margin of 71.06% and a negative return on equity of 33.29%. As a group, analysts forecast that GoHealth will post -8.15 earnings per share for the current year.

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.