agilon health (NYSE:AGL) Shares Gap Up Following Insider Buying Activity

agilon health, inc. (NYSE:AGL) gapped up before the market opened on Tuesday after an insider bought additional shares in the company. The stock had previously closed at $3.28, but opened at $3.46. agilon health shares last traded at $3.52, with a volume of 381,484 shares trading hands.

Specifically, CEO Steven Sell acquired 20,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was acquired at an average price of $3.36 per share, with a total value of $67,200.00. Following the completion of the transaction, the chief executive officer now owns 67,590 shares of the company’s stock, valued at $227,102.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Baird R W raised agilon health to a “hold” rating in a research report on Thursday, May 30th. Deutsche Bank Aktiengesellschaft decreased their price objective on agilon health from $5.00 to $4.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Truist Financial upped their target price on agilon health from $6.40 to $6.50 and gave the company a “hold” rating in a research note on Friday, May 24th. Evercore ISI lifted their price target on shares of agilon health from $5.50 to $7.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 9th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $8.00 price objective on shares of agilon health in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, agilon health currently has an average rating of “Hold” and an average price target of $8.57.

agilon health Stock Up 10.8 %

The company has a market cap of $1.49 billion, a P/E ratio of -5.19 and a beta of 0.54. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.36 and a quick ratio of 1.36. The business’s 50 day moving average price is $5.30 and its 200-day moving average price is $5.56.

agilon health (NYSE:AGL) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, hitting analysts’ consensus estimates of ($0.07). The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.56 billion. agilon health had a negative return on equity of 29.91% and a negative net margin of 5.57%. The business’s revenue was up 38.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. On average, analysts anticipate that agilon health, inc. will post -0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On agilon health

Hedge funds have recently added to or reduced their stakes in the stock. J.Safra Asset Management Corp increased its stake in shares of agilon health by 626.1% in the 2nd quarter. J.Safra Asset Management Corp now owns 4,204 shares of the company’s stock valued at $27,000 after buying an additional 3,625 shares during the period. Quest Partners LLC bought a new stake in agilon health during the 4th quarter worth about $45,000. Neo Ivy Capital Management acquired a new position in agilon health during the 4th quarter valued at about $47,000. CWM LLC lifted its position in agilon health by 406.5% during the 2nd quarter. CWM LLC now owns 9,081 shares of the company’s stock valued at $59,000 after purchasing an additional 7,288 shares during the period. Finally, Nisa Investment Advisors LLC bought a new position in shares of agilon health in the 2nd quarter valued at about $60,000.

About agilon health

agilon health, inc. provides healthcare services for seniors through primary care physicians in the communities of the United States. It offers a platform that manages the total healthcare needs of the patients by subscription-like per-member per-month. The company was formerly known as Agilon Health Topco, Inc and changed its name to agilon health, inc.