agilon health (NYSE:AGL) Stock Price Down 5.7%

agilon health, inc. (NYSE:AGL)’s stock price fell 5.7% on Friday . The company traded as low as $3.64 and last traded at $3.65. 1,402,873 shares traded hands during trading, a decline of 72% from the average session volume of 4,967,150 shares. The stock had previously closed at $3.87.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $8.00 price target on shares of agilon health in a research report on Wednesday, August 7th. Baird R W upgraded shares of agilon health to a “hold” rating in a report on Thursday, May 30th. Evercore ISI increased their price target on agilon health from $5.50 to $7.00 and gave the stock an “in-line” rating in a report on Tuesday, July 9th. Robert W. Baird started coverage on agilon health in a research report on Thursday, May 30th. They issued a “neutral” rating and a $6.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft cut their target price on agilon health from $5.00 to $4.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $8.57.

agilon health Price Performance

The business has a 50-day moving average price of $5.16 and a two-hundred day moving average price of $5.52. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -5.03 and a beta of 0.54.

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

Insider Buying and Selling

In related news, CEO Steven Sell purchased 20,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was acquired at an average price of $3.36 per share, for a total transaction of $67,200.00. Following the purchase, the chief executive officer now owns 67,590 shares of the company’s stock, valued at $227,102.40. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.20% of the stock is currently owned by company insiders.

Institutional Trading of agilon health

Institutional investors and hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. grew its stake in shares of agilon health by 22.7% in the 4th quarter. Victory Capital Management Inc. now owns 40,466 shares of the company’s stock worth $508,000 after acquiring an additional 7,490 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in agilon health by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,846,642 shares of the company’s stock valued at $23,175,000 after buying an additional 49,758 shares during the last quarter. Norges Bank bought a new position in shares of agilon health during the 4th quarter worth approximately $27,902,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of agilon health in the 4th quarter worth approximately $526,000. Finally, Quest Partners LLC purchased a new position in shares of agilon health in the 4th quarter worth approximately $45,000.

agilon health Company Profile

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.