GoHealth, Inc. (NASDAQ:GOCO – Get Rating) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 3,550,000 shares, an increase of 100.6% from the August 15th total of 1,770,000 shares. Based on an average daily trading volume, of 1,580,000 shares, the days-to-cover ratio is currently 2.2 days.
GoHealth Price Performance
Shares of GOCO opened at $0.40 on Friday. The firm has a market cap of $131.06 million, a price-to-earnings ratio of -0.20 and a beta of 1.18. GoHealth has a 52 week low of $0.38 and a 52 week high of $6.21. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.26. The stock has a 50 day moving average of $0.52 and a 200-day moving average of $0.76.
GoHealth (NASDAQ:GOCO – Get Rating) last announced its quarterly earnings results on Monday, August 15th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.04. The business had revenue of $158.65 million for the quarter, compared to the consensus estimate of $128.88 million. GoHealth had a positive return on equity of 10.22% and a negative net margin of 21.33%. As a group, analysts forecast that GoHealth will post -0.55 EPS for the current year.
Analyst Upgrades and Downgrades
Institutional Trading of GoHealth
Hedge funds have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas acquired a new position in shares of GoHealth in the 4th quarter worth $42,000. CTC Capital Management LLC bought a new position in shares of GoHealth in the fourth quarter worth approximately $84,000. Flputnam Investment Management Co. bought a new position in shares of GoHealth in the first quarter worth approximately $27,000. Point72 Hong Kong Ltd lifted its stake in shares of GoHealth by 302.5% in the first quarter. Point72 Hong Kong Ltd now owns 31,980 shares of the company’s stock worth $38,000 after buying an additional 24,034 shares in the last quarter. Finally, Sciencast Management LP bought a new position in shares of GoHealth in the first quarter worth approximately $44,000. Institutional investors own 20.28% of the company’s stock.
GoHealth Company Profile
GoHealth, Inc operates as a health insurance marketplace and Medicare focused digital health company in the United States. It operates through four segments: MedicareInternal; MedicareExternal; Individual and Family Plans (IFP) and OtherInternal; and IFP and OtherExternal. The company operates a technology platform that leverages machine-learning algorithms of insurance behavioral data to optimize the process for helping individuals find the health insurance plan for their specific needs.
- Get a free copy of the StockNews.com research report on GoHealth (GOCO)
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