GoHealth, Inc. (NASDAQ:GOCO) Short Interest Update

Key Points

• GoHealth, Inc. (NASDAQ:GOCO) experienced a substantial increase in short interest of 65.9% in September, with a total of 199,900 shares sold short by the end of the month.
• The company's stock has been downgraded by multiple analysts, including a recent cut in price target from $18.00 to $12.00 by Royal Bank Of Canada.
• GoHealth reported an earnings loss of ($1.23) per share for the last quarter, outperforming analysts' expectations of a larger loss but falling short of revenue estimates with $94.05 million in revenue.

GoHealth, Inc. (NASDAQ:GOCO - Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 199,900 shares, an increase of 65.9% from the September 15th total of 120,500 shares. Based on an average daily volume of 44,300 shares, the short-interest ratio is presently 4.5 days. Currently, 1.8% of the company's shares are sold short. Currently, 1.8% of the company's shares are sold short. Based on an average daily volume of 44,300 shares, the short-interest ratio is presently 4.5 days.

Analysts Set New Price Targets

GOCO has been the topic of a number of research reports. Weiss Ratings restated a "sell (d-)" rating on shares of GoHealth in a research report on Tuesday, October 14th. Wall Street Zen downgraded shares of GoHealth from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Noble Financial reiterated an "outperform" rating on shares of GoHealth in a research report on Friday, August 8th. Finally, Royal Bank Of Canada cut their price target on shares of GoHealth from $18.00 to $12.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, GoHealth has a consensus rating of "Hold" and an average price target of $12.00.

GoHealth Stock Down 1.1%

GOCO traded down $0.05 during trading on Wednesday, reaching $4.46. The company had a trading volume of 23,351 shares, compared to its average volume of 56,122. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.56 and a quick ratio of 1.56. GoHealth has a 12 month low of $4.30 and a 12 month high of $21.00. The company has a market cap of $127.60 million, a P/E ratio of -1.24 and a beta of 1.62. The business's fifty day moving average price is $4.89 and its 200 day moving average price is $6.36.

GoHealth (NASDAQ:GOCO - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($1.23) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($2.60) by $1.37. The company had revenue of $94.05 million for the quarter, compared to the consensus estimate of $119.76 million. GoHealth had a negative net margin of 3.21% and a negative return on equity of 8.74%. Equities analysts anticipate that GoHealth will post -5.5 EPS for the current year.

Hedge Funds Weigh In On GoHealth

A number of institutional investors have recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC bought a new stake in shares of GoHealth in the first quarter valued at about $45,000. American Century Companies Inc. bought a new stake in GoHealth during the second quarter worth about $63,000. Bank of America Corp DE lifted its position in GoHealth by 22.8% during the fourth quarter. Bank of America Corp DE now owns 7,831 shares of the company's stock worth $105,000 after purchasing an additional 1,452 shares during the period. Cubist Systematic Strategies LLC lifted its position in GoHealth by 297.3% during the first quarter. Cubist Systematic Strategies LLC now owns 10,915 shares of the company's stock worth $134,000 after purchasing an additional 8,168 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in GoHealth by 50.5% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,013 shares of the company's stock worth $144,000 after purchasing an additional 8,734 shares during the period. 24.21% of the stock is currently owned by institutional investors and hedge funds.

About GoHealth

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.

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