During the month of November, short interest on shares of GoHealth stock (GOCO:NSD) decreased significantly. As of November 30th, short interest totaled 265,300 shares, a 12.0% decline from the sum of 301,400 shares on November 15th.
Currently, based on an average daily volume of 96,700 shares, the days-to-cover ratio is 2.7. Currently, 3.3% of the stock’s shares are being sold short.
GoHealth Stock-Analyst Ratings:
Credit Suisse Group placed a $7.00 price target on shares of GoHealth.
2 equity research analysts have assigned the stock a “Sell” rating, while 3 have assigned the stock a “Hold” recommendation.
The average rating for GOCO stock is “Hold,” and the average price target is $7.00.
GoHealth Stock Price Fall 0.3%
During Friday’s noon trading, GOCO stock fell $0.05 to $14.43, a decrease of $0.05. Compared to its average volume of 160,053, 57,322 shares of the stock were traded.
The company’s 50-day simple moving average is $5.28, while its 200-day simple moving average is $2.19. The business has a $316.93 million market capitalization, a price-to-earnings ratio of -0.47, and a beta of 1.95.
The 12-month low for GoHealth is $4.93 and the 12-month high is $63.60. The company’s debt-to-equity ratio is 1.40, while its current ratio and quick ratio are both 1.83.
GoHealth Stock-Insider Transactions:
In related news, significant shareholder Cayman Gp Ltd. Ccp III acquired 2,717,898 shares of the company’s stock on November 17th. The shares were purchased at an average price of $0.56 per share for a total expenditure of $1,522,022.88. The insider now directly owns 49,766,606 shares of the GoHealth stock, worth $27,869,299.36 after the conclusion of the transaction.
Also, on Monday, November 21st, big shareholder Blizzard Holdings C. L.P. Cb acquired 61,334 shares of GoHealth stock. The stock was purchased at an average price per share of $7.92, for a total transaction value of $485,765.28. Following the acquisition, the insider now owns 3,428,554 shares of the GOCO stock valued at approximately $27,154,147.68.
In the past three months, insiders have purchased 6,280,987 shares of company stock worth $9,769,567.
6.70% of the GoHealth stock is held by insiders.
Hedge Funds & Institutional Holdings:
Several hedge funds and other institutional investors have lately modified their holdings in the company.
During the third quarter, Price T Rowe Associates Inc. MD increased its holdings in shares of GoHealth by 70.0%. Price T Rowe Associates Inc. MD now owns 111,000 shares of the company’s stock worth $40,000 after acquiring 45,700 more shares in the last recent quarter.
During the third quarter, Virtus Family Office LLC acquired additional shares in GoHealth for $38,000.
During the second quarter, Federated Hermes Inc. increased its holdings of shares of GoHealth by 3,465.7%. After acquiring an additional 42,593 shares during the period, Federated Hermes Inc. now owns 43,822 shares of the company’s stock worth $26,000.
During the second quarter, Millennium Management LLC acquired a new interest in GoHealth worth $240,000.
In the second quarter, Northern Trust Corp. increased its holdings of GoHealth shares by 41.8%. After acquiring an additional 102,229 shares during the period, Northern Trust Corp now holds 346,930 shares of the company’s stock worth $207,000.
Institutional investors hold 20.28% of the GoHealth stock.
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: Medicare”Internal; Medicare”External; Individual and Family Plans (IFP) and Other”Internal; and IFP and Other”External.
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.
Its products include Medicare Advantage, Medicare Supplement, Medicare prescription drug plans, and Medicare Special Needs Plans; and IFP, dental plans, vision plans, and other ancillary plans for individuals.
The company sells its products through carriers and online platforms, as well as independent and external agencies.
GoHealth, Inc. was founded in 2001 and is headquartered in Chicago, Illinois with additional offices in Charlotte, North Carolina, Lindon, Utah, Bratislava, Slovakia, and Kosice, Slovakia.
