GoHealth (NASDAQ:GOCO) Trading 6.6% Higher

GoHealth, Inc. (NASDAQ:GOCO)’s stock price shot up 6.6% on Friday . The stock traded as high as $8.90 and last traded at $8.83. 24,190 shares changed hands during trading, an increase of 35% from the average session volume of 17,905 shares. The stock had previously closed at $8.28.

GoHealth Price Performance

The stock’s 50 day simple moving average is $10.22 and its 200-day simple moving average is $10.31. The firm has a market cap of $200.69 million, a price-to-earnings ratio of -1.24 and a beta of 1.70. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.29 and a current ratio of 1.29.

GoHealth (NASDAQ:GOCO) last released its earnings results on Thursday, August 8th. The company reported ($0.75) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.47) by $1.72. GoHealth had a negative return on equity of 8.51% and a negative net margin of 8.62%. The firm had revenue of $105.87 million for the quarter, compared to the consensus estimate of $138.99 million. Equities research analysts anticipate that GoHealth, Inc. will post -5.35 EPS for the current fiscal year.

Institutional Trading of GoHealth

Several large investors have recently made changes to their positions in GOCO. Associated Banc Corp purchased a new stake in GoHealth in the 4th quarter worth approximately $257,000. Vanguard Group Inc. grew its position in GoHealth by 2.8% during the first quarter. Vanguard Group Inc. now owns 206,525 shares of the company’s stock valued at $2,171,000 after buying an additional 5,605 shares during the period. Renaissance Technologies LLC boosted its stake in shares of GoHealth by 22.0% during the 2nd quarter. Renaissance Technologies LLC now owns 18,272 shares of the company’s stock worth $178,000 after acquiring an additional 3,300 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of GoHealth by 16.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 12,982 shares of the company’s stock worth $126,000 after acquiring an additional 1,802 shares in the last quarter. Finally, Empowered Funds LLC grew its position in shares of GoHealth by 7.7% during the 1st quarter. Empowered Funds LLC now owns 19,536 shares of the company’s stock valued at $205,000 after acquiring an additional 1,400 shares during the period. 24.21% of the stock is owned by hedge funds and other institutional investors.

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.