Point72 Asset Management L.P. Invests $675,000 in GoHealth, Inc. (NASDAQ:GOCO)

Point72 Asset Management L.P. acquired a new position in shares of GoHealth, Inc. (NASDAQ:GOCO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 50,380 shares of the company's stock, valued at approximately $675,000. Point72 Asset Management L.P. owned about 0.22% of GoHealth as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN grew its stake in shares of GoHealth by 28.2% in the 4th quarter. Wells Fargo & Company MN now owns 2,760 shares of the company's stock valued at $37,000 after buying an additional 607 shares during the period. Barclays PLC increased its stake in GoHealth by 9.6% during the fourth quarter. Barclays PLC now owns 10,504 shares of the company's stock worth $140,000 after acquiring an additional 924 shares during the last quarter. Renaissance Technologies LLC raised its position in GoHealth by 4.6% in the fourth quarter. Renaissance Technologies LLC now owns 22,572 shares of the company's stock valued at $302,000 after purchasing an additional 1,000 shares during the period. Bridgeway Capital Management LLC raised its position in GoHealth by 5.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 23,218 shares of the company's stock valued at $311,000 after purchasing an additional 1,170 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of GoHealth by 5.3% in the 4th quarter. Empowered Funds LLC now owns 23,218 shares of the company's stock valued at $311,000 after purchasing an additional 1,170 shares during the last quarter. Institutional investors and hedge funds own 24.21% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reissued a "sector perform" rating and set a $18.00 price objective on shares of GoHealth in a research report on Monday, May 19th.

GoHealth Trading Down 2.6%

NASDAQ GOCO traded down $0.17 on Wednesday, reaching $6.13. The stock had a trading volume of 17,101 shares, compared to its average volume of 41,157. The firm has a market capitalization of $140.93 million, a price-to-earnings ratio of -1.75 and a beta of 1.71. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.72. The stock has a fifty day moving average price of $9.69 and a two-hundred day moving average price of $12.62. GoHealth, Inc. has a 12-month low of $5.57 and a 12-month high of $21.00.

GoHealth (NASDAQ:GOCO - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.21). The business had revenue of $220.97 million for the quarter, compared to analysts' expectations of $225.91 million. GoHealth had a negative return on equity of 17.17% and a negative net margin of 4.32%. As a group, sell-side analysts forecast that GoHealth, Inc. will post -5.5 EPS for the current fiscal year.

GoHealth Company Profile

GoHealth, Inc operates as a health insurance marketplace and Medicare-focused digital health company in the United States. 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.