GoHealth (NASDAQ:GOCO) Given a $7.00 Price Target at Credit Suisse Group

Credit Suisse Group set a $7.00 target price on GoHealth (NASDAQ:GOCOGet Rating) in a report issued on Thursday, Stock Target Advisor reports.

GoHealth Stock Performance

Shares of GOCO stock opened at $9.03 on Thursday. The company has a market capitalization of $198.30 million, a price-to-earnings ratio of -0.29 and a beta of 1.44. 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 has a one year low of $4.93 and a one year high of $63.60. The company’s 50-day moving average is $1.03 and its 200 day moving average is $0.75.

Insider Activity

In other news, major shareholder Cayman Gp Ltd. Ccp III acquired 2,717,898 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The stock was bought at an average cost of $0.56 per share, for a total transaction of $1,522,022.88. Following the acquisition, the insider now directly owns 49,766,606 shares in the company, valued at $27,869,299.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other GoHealth news, major shareholder Cayman Gp Ltd. Ccp III acquired 2,717,898 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The shares were bought at an average cost of $0.56 per share, with a total value of $1,522,022.88. Following the completion of the transaction, the insider now directly owns 49,766,606 shares of the company’s stock, valued at approximately $27,869,299.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Blizzard Holdings C. L.P. Cb acquired 61,334 shares of GoHealth stock in a transaction that occurred on Monday, November 21st. The stock was acquired at an average price of $7.92 per share, with a total value of $485,765.28. Following the completion of the acquisition, the insider now directly owns 3,428,554 shares in the company, valued at approximately $27,154,147.68. The disclosure for this purchase can be found here. Insiders have bought a total of 5,779,232 shares of company stock worth $3,177,788 over the last 90 days. 6.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd grew its position in GoHealth by 302.5% in the 1st quarter. Point72 Hong Kong Ltd now owns 31,980 shares of the company’s stock worth $38,000 after purchasing an additional 24,034 shares during the period. Treasurer of the State of North Carolina grew its holdings in shares of GoHealth by 121.2% in the first quarter. Treasurer of the State of North Carolina now owns 38,446 shares of the company’s stock worth $45,000 after acquiring an additional 21,067 shares during the period. Federated Hermes Inc. increased its position 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 acquiring an additional 42,593 shares during the last quarter. Waldron Private Wealth LLC bought a new position in GoHealth in the second quarter valued at about $33,000. Finally, Accurate Wealth Management LLC boosted its position in GoHealth by 213.3% in the first quarter. Accurate Wealth Management LLC now owns 58,435 shares of the company’s stock worth $69,000 after purchasing an additional 39,785 shares during the last quarter. Institutional investors own 20.28% of the company’s stock.

GoHealth Company Profile

(Get Rating)

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.

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