GoHealth (NASDAQ:GOCO) Trading 6.6% Higher

GoHealth, Inc. (NASDAQ:GOCO) was up 6.6% during mid-day trading on Friday . The company traded as high as $8.90 and last traded at $8.83. Approximately 24,190 shares changed hands during mid-day trading, an increase of 35% from the average daily volume of 17,905 shares. The stock had previously closed at $8.28.

GoHealth Stock Performance

The company has a market capitalization of $200.69 million, a P/E ratio of -1.24 and a beta of 1.70. The business has a 50 day moving average of $10.22 and a 200 day moving average of $10.31. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.83.

GoHealth (NASDAQ:GOCO) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.75) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.47) by $1.72. GoHealth had a negative net margin of 8.62% and a negative return on equity of 8.51%. The business had revenue of $105.87 million during the quarter, compared to the consensus estimate of $138.99 million. On average, sell-side analysts predict that GoHealth, Inc. will post -5.35 earnings per share for the current year.

Institutional Investors Weigh In On GoHealth

A number of institutional investors and hedge funds have recently bought and sold shares of GOCO. Bank of New York Mellon Corp raised its holdings in shares of GoHealth by 16.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,982 shares of the company’s stock valued at $126,000 after purchasing an additional 1,802 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of GoHealth by 22.0% in the 2nd quarter. Renaissance Technologies LLC now owns 18,272 shares of the company’s stock valued at $178,000 after acquiring an additional 3,300 shares during the period. Empowered Funds LLC raised its position in shares of GoHealth by 7.7% in the 1st quarter. Empowered Funds LLC now owns 19,536 shares of the company’s stock worth $205,000 after acquiring an additional 1,400 shares in the last quarter. Associated Banc Corp purchased a new stake in shares of GoHealth during the 4th quarter worth $257,000. Finally, Vanguard Group Inc. boosted 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 purchasing an additional 5,605 shares in the last quarter. 24.21% of the stock is owned by 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.