Investigation Overview
An investigation on behalf of investors of GoHealth, Inc. (NASDAQ: GOCO) shares over potential securities laws violations by GoHealth, Inc and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of GoHealth, Inc. (NASDAQ: GOCO) concerning whether a series of statements by GoHealth, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Chicago, IL based GoHealth, Inc. operates a health insurance marketplace to enhance access to healthcare in the United States.
On or about July 15, 2019, GoHealth, Inc. sold about 43.5 million shares of stock in its initial public stock offering (the 'IPO'), at $21.00 a share raising nearly $914 million in new capital. On August 21, 2020, shares of GoHealth, Inc. (NASDAQ: GOCO) closed at $15.97.
On August 19, 2020, GoHealth, Inc, in its first quarterly earnings report following the IPO, announced it incurred a 2Q net loss of $22.9 million after posting net income of $15.3 million in the prior-year period.