GoHealth (NASDAQ:GOCO) Stock Price Down 5.1% - Here's Why

GoHealth, Inc. (NASDAQ:GOCO - Get Free Report) shares dropped 5.1% on Thursday . The stock traded as low as $12.02 and last traded at $12.40. Approximately 66,244 shares traded hands during mid-day trading, an increase of 102% from the average daily volume of 32,738 shares. The stock had previously closed at $13.06.

GoHealth Stock Down 2.0 %

The company's fifty day simple moving average is $15.61 and its 200-day simple moving average is $12.96. The firm has a market capitalization of $279.10 million, a PE ratio of -3.47 and a beta of 1.68. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.18 and a quick ratio of 1.18.

Institutional Investors Weigh In On GoHealth

Large investors have recently modified their holdings of the business. Wells Fargo & Company MN raised its position 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 purchasing an additional 607 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of GoHealth in the fourth quarter worth $37,000. JPMorgan Chase & Co. lifted its stake in shares of GoHealth by 99.3% during the third quarter. JPMorgan Chase & Co. now owns 8,437 shares of the company's stock worth $79,000 after buying an additional 4,204 shares during the period. Barclays PLC grew its holdings in shares of GoHealth by 83.9% during the third quarter. Barclays PLC now owns 9,580 shares of the company's stock valued at $89,000 after buying an additional 4,372 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of GoHealth by 22.8% in the 4th quarter. Bank of America Corp DE now owns 7,831 shares of the company's stock valued at $105,000 after acquiring an additional 1,452 shares during the period. Hedge funds and other institutional investors own 24.21% of the company's stock.

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.