GoHealth (NASDAQ:GOCO) Trading 1.8% Higher – Should You Buy?

Shares of GoHealth, Inc. (NASDAQ:GOCO) traded up 1.8% during mid-day trading on Thursday . The company traded as high as $11.58 and last traded at $11.50. 17,180 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 18,867 shares. The stock had previously closed at $11.30.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reissued a “sector perform” rating and set a $13.00 price target on shares of GoHealth in a research report on Monday, October 21st.

GoHealth Trading Up 1.8 %

The business’s 50-day moving average price is $10.56 and its two-hundred day moving average price is $10.21. The company has a market capitalization of $263.47 million, a P/E ratio of -3.29 and a beta of 1.66. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.18 and a quick ratio of 1.18.

Hedge Funds Weigh In On GoHealth

A number of hedge funds and other institutional investors have recently made changes to their positions in GOCO. Barclays PLC boosted its position in shares of GoHealth by 83.9% during the third quarter. Barclays PLC now owns 9,580 shares of the company’s stock worth $89,000 after purchasing an additional 4,372 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of GoHealth by 16.1% during the second quarter. Bank of New York Mellon Corp now owns 12,982 shares of the company’s stock worth $126,000 after purchasing an additional 1,802 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of GoHealth by 22.0% during the second quarter. Renaissance Technologies LLC now owns 18,272 shares of the company’s stock worth $178,000 after acquiring an additional 3,300 shares during the period. Empowered Funds LLC raised its holdings in shares of GoHealth by 5.1% during the third quarter. Empowered Funds LLC now owns 22,048 shares of the company’s stock worth $207,000 after acquiring an additional 1,072 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of GoHealth by 3.2% during the third quarter. Geode Capital Management LLC now owns 103,735 shares of the company’s stock worth $973,000 after acquiring an additional 3,205 shares during the period. 24.21% of the stock is owned by institutional investors.

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.