GoHealth, Inc. (NASDAQ:GOCO) Short Interest Up 129.2% in June

GoHealth, Inc. (NASDAQ:GOCO) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,052,454 shares, a growth of 129.2% from the May 31st total of 459,241 shares. Currently, 5.1% of the company’s shares are short sold. Based on an average daily volume of 1,461,180 shares, the days-to-cover ratio is currently 0.7 days.

GoHealth Stock Down 2.3%

Shares of NASDAQ:GOCO traded down $0.01 on Monday, hitting $0.30. The company had a trading volume of 2,704,303 shares, compared to its average volume of 916,731. The firm’s 50-day simple moving average is $0.73 and its two-hundred day simple moving average is $1.52. The firm has a market capitalization of $8.60 million, a price-to-earnings ratio of -0.01 and a beta of 1.19. GoHealth has a 1 year low of $0.28 and a 1 year high of $7.12.

GoHealth (NASDAQ:GOCO) last announced its quarterly earnings results on Monday, May 18th. The company reported ($2.36) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.40) by $0.04. GoHealth had a negative net margin of 189.73% and a negative return on equity of 402.70%. The company had revenue of $11.91 million for the quarter, compared to analysts’ expectations of $16.90 million. Equities research analysts anticipate that GoHealth will post -9.19 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Redwood Capital Management LLC purchased a new position in shares of GoHealth in the 3rd quarter valued at approximately $4,455,000. Geode Capital Management LLC grew its stake in GoHealth by 8.1% in the fourth quarter. Geode Capital Management LLC now owns 150,821 shares of the company’s stock worth $324,000 after purchasing an additional 11,340 shares during the period. Corient Private Wealth LLC grew its stake in GoHealth by 7.7% in the second quarter. Corient Private Wealth LLC now owns 125,938 shares of the company’s stock worth $699,000 after purchasing an additional 8,979 shares during the period. Barclays PLC raised its holdings in 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. Finally, Focus Partners Wealth bought a new position in GoHealth in the third quarter worth $270,000. Institutional investors own 24.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Freedom Capital lowered GoHealth from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Noble Financial raised GoHealth to a “strong-buy” rating in a research note on Wednesday, April 1st. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of GoHealth in a research note on Friday, April 24th. One 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.00.

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.