According to Bloomberg.com, the five analysts that follow the company have collectively given a rating of “Hold” for GoHealth, Inc. (NASDAQ: GOCO), which is the company’s stock symbol. Two equity research analysts recommend selling the stock, while three recommend keeping the stock in one’s portfolio. The average one-year price objective analysts recently updated their stock coverage have established for the company’s shares is $2.10.
Credit Suisse Group lowered their price target on GoHealth from $1.50 to $1.25 and assigned the stock an “underperform” rating in a separate research report released on Tuesday, August 16th.
In related developments, Blizzard Holdings C.L.P. bought 61,334 shares of the company’s stock on November 21st. The stock was acquired for a total cost of $485,765.28 (at an average price of $7.92 per share), making the total acquisition price. As a direct result of the transaction, the insider now owns 3,428,554 shares of the company’s stock. Based on today’s stock price of about $27,154,147.68, these shares have a value of approximately $27,154,147.68. You may learn more about the transaction by reading the report submitted to the Securities and Exchange Commission (S.E.C.), which you can do by following the link provided below. In other news, on Monday, November 21st, Blizzard Holdings C. L.P. Cb bought 61,334 shares of the company’s stock. It took a total of $485,765.28 and an average price of $7.92 per share to purchase all of the shares in the company. After the acquisition, the insider now possesses 3,428,554 shares of the company’s stock, currently valued at $27,154,147.68. An S.E.C. filing, which can be read here, disclosed the acquisition to the public for the first time. On November 17th, Cayman G.P. Ltd. CCP III made another acquisition of 2,717,898 shares of the company’s stock. The shares were acquired for a total investment of $1,522,022.88, an average price of $0.56 per share. Following the successful completion of the acquisition, the corporate insider now directly owns 49,766,606 shares of the company’s stock, which have a value of approximately $27,869,299,36. The disclosure regarding this purchase can be found here. Insiders have purchased 5,779,232 shares of company stock in the past three months, bringing the total purchase price to $3,177,788. At this time, company insiders own 6.70 percent of the business.
Recent months have seen several institutional investors make changes to their stock holdings. During the second quarter, Federated Hermes Inc. boosted the percentage of the company’s owners in GoHealth by 3,465.7%. After making further purchases totaling 42,593 shares over the most recent quarter, Federated Hermes Inc. now possesses 43,822 shares of the company’s stock, which have a value of $26,000. Waldron Private Wealth L.L.C. invested in GoHealth stock in $33,000 during the second quarter. The percentage of ownership in GoHealth held by FMR LLC rose by 378.5% during the second quarter. FMR LLC now holds 63,612 shares of the company’s stock after purchasing an additional 50,322 shares during the recent last quarter. The value of FMR LLC’s stock holdings is $38,000. Point72 Hong Kong Ltd. boosted its holdings in GoHealth by 302.5 percent over the year’s first three months. Point72 Hong Kong Ltd now owns 31,980 shares, valued at $38,000, after purchasing an additional 24,034 shares during the previous quarter. At the end of the third quarter, Virtus Family Office L.L.C. purchased a new position in GoHealth valued at roughly $38,000. The company’s stock is owned by institutional investors and hedge funds to 20.28% of the total.
On Thursday, the price of GOCO shares was $9.03 when they first traded. The moving average for the company over the past fifty days is $0.85, and its moving average for the last 200 days is $0.69. The debt-to-equity ratio comes in at 1.40, the current ratio comes in at 1.83, and the quick ratio comes in at 1.83. The firm’s market capitalization is currently valued at $198.33 million, while its P.E. ratio is -0.29, and its beta value is 1.44. GoHealth’s lowest price in the last year was $4.93, and its highest price in the last year was $63.60.
GoHealth, Inc. is a health insurance marketplace established in the United States and a digital health enterprise primarily focusing on Medicare. Medicare Internal, Medicare External, Individual and Family Plans (I.F.P.), Other Internal, and I.F.P. and Other External make up the four sections. The remainder is made up of both internal and external components. The company operates a technology platform that optimizes the process of assisting individuals in finding the health insurance plan that is most suitable for their requirements by using machine-learning algorithms to analyze behavioral insurance data. This helps the company better serve its customers.