GoHealth (NASDAQ:GOCO) Stock Price Down 5.1% – Should You Sell?

GoHealth, Inc. (NASDAQ:GOCO)’s share price dropped 5.1% during trading on Thursday . The company 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 Performance

The company has a 50-day moving average price of $15.64 and a two-hundred day moving average price of $12.85. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.72. The company has a market capitalization of $285.31 million, a PE ratio of -3.54 and a beta of 1.68.

Hedge Funds Weigh In On GoHealth

Several hedge funds have recently bought and sold shares of GOCO. Point72 Asset Management L.P. purchased a new position in shares of GoHealth during the 4th quarter valued at $675,000. Millennium Management LLC bought a new stake in GoHealth during the fourth quarter valued at $144,000. Cubist Systematic Strategies LLC purchased a new position in GoHealth during the fourth quarter worth about $37,000. Bridgeway Capital Management LLC increased its stake in GoHealth by 5.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 23,218 shares of the company’s stock worth $311,000 after acquiring an additional 1,170 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in GoHealth in the 4th quarter worth about $664,000. Hedge funds and other institutional investors own 24.21% of the company’s stock.

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.