GoHealth, Inc. (NASDAQ:GOCO) Short Interest Up 6.1% in December

GoHealth, Inc. (NASDAQ:GOCO – Get Rating) was the recipient of a large increase in short interest during the month of December. As of December 30th, there was short interest totalling 333,700 shares, an increase of 6.1% from the December 15th total of 314,600 shares. Based on an average trading volume of 110,300 shares, the short-interest ratio is presently 3.0 days. Currently, 4.2% of the company’s shares are short sold.

GoHealth Stock Performance

Shares of NASDAQ:GOCO opened at $13.50 on Wednesday. The firm has a market cap of $296.50 million, a PE ratio of -0.44 and a beta of 1.94. The firm’s 50 day simple moving average is $11.66 and its 200-day simple moving average is $4.40. GoHealth has a one year low of $4.93 and a one year high of $43.80. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.83 and a current ratio of 1.83.

GoHealth (NASDAQ:GOCO – Get Rating) last issued its earnings results on Thursday, November 10th. The company reported ($3.45) EPS for the quarter, missing analysts’ consensus estimates of ($3.30) by ($0.15). The company had revenue of $133.05 million for the quarter, compared to analysts’ expectations of $121.23 million. GoHealth had a positive return on equity of 11.00% and a negative net margin of 23.95%. As a group, equities analysts predict that GoHealth will post -3.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Credit Suisse Group set a $7.00 price objective on shares of GoHealth in a research note on Thursday, November 24th.

Insider Activity at GoHealth

In other GoHealth news, major shareholder Cayman Gp Ltd. Ccp III purchased 3,000,000 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was purchased at an average price of $0.39 per share, with a total value of $1,170,000.00. Following the acquisition, the insider now owns 43,682,961 shares in the company, valued at $17,036,354.79. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Cayman Gp Ltd. Ccp III acquired 3,000,000 shares of the firm’s stock in a transaction on Tuesday, November 15th. The stock was acquired at an average price of $0.39 per share, with a total value of $1,170,000.00. Following the completion of the purchase, the insider now directly owns 43,682,961 shares in the company, valued at $17,036,354.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Blizzard Holdings C. L.P. Cb acquired 60,526 shares of the firm’s stock in a transaction on Friday, December 9th. The stock was purchased at an average cost of $14.76 per share, with a total value of $893,363.76. Following the purchase, the insider now owns 4,073,719 shares of the company’s stock, valued at $60,128,092.44. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 6,280,987 shares of company stock valued at $9,769,580. Insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On GoHealth

Institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. increased its holdings in GoHealth by 3,465.7% during the second quarter. Federated Hermes Inc. now owns 43,822 shares of the company’s stock valued at $26,000 after buying an additional 42,593 shares during the period. Waldron Private Wealth LLC purchased a new position in GoHealth during the second quarter valued at approximately $33,000. FMR LLC increased its holdings in GoHealth by 378.6% during the second quarter. FMR LLC now owns 63,612 shares of the company’s stock valued at $38,000 after buying an additional 50,322 shares during the period. Point72 Hong Kong Ltd increased its holdings in GoHealth by 302.5% during the first quarter. Point72 Hong Kong Ltd now owns 31,980 shares of the company’s stock valued at $38,000 after buying an additional 24,034 shares during the period. Finally, Virtus Family Office LLC purchased a new position in GoHealth during the third quarter valued at approximately $38,000.

About GoHealth

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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.