agilon health (NYSE:AGL) Cut to “Market Perform” at JMP Securities

JMP Securities lowered shares of agilon health (NYSE:AGL) from an outperform rating to a market perform rating in a report published on Monday morning, MarketBeat Ratings reports.

AGL has been the topic of several other reports. William Blair cut shares of agilon health from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Bank of America cut shares of agilon health from a “buy” rating to an “underperform” rating and set a $3.00 target price on the stock. in a report on Wednesday, October 2nd. Evercore ISI dropped their target price on shares of agilon health from $7.00 to $4.00 and set an “in-line” rating on the stock in a report on Tuesday, October 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $8.00 target price on shares of agilon health in a report on Wednesday, August 7th. Finally, Benchmark reissued a “buy” rating and set a $9.00 price target on shares of agilon health in a research report on Thursday, August 8th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, agilon health has an average rating of “Hold” and a consensus price target of $6.38.

agilon health Stock Up 0.8 %

NYSE AGL opened at $1.89 on Monday. The company’s 50-day moving average price is $3.18 and its 200-day moving average price is $4.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.29. agilon health has a 12 month low of $1.80 and a 12 month high of $13.76.

agilon health (NYSE:AGL) last issued its earnings results on Thursday, November 7th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.19). agilon health had a negative return on equity of 47.84% and a negative net margin of 6.88%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the company earned ($0.06) earnings per share. As a group, sell-side analysts expect that agilon health will post -0.35 earnings per share for the current year.

Insider Activity at agilon health

In related news, CEO Steven Sell acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was purchased at an average cost of $3.36 per share, with a total value of $67,200.00. Following the transaction, the chief executive officer now directly owns 67,590 shares of the company’s stock, valued at $227,102.40. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On agilon health

A number of institutional investors have recently bought and sold shares of AGL. Arizona State Retirement System grew its stake in shares of agilon health by 2.5% during the 2nd quarter. Arizona State Retirement System now owns 85,989 shares of the company’s stock worth $562,000 after purchasing an additional 2,070 shares during the period. Swiss National Bank grew its stake in shares of agilon health by 0.6% during the 1st quarter. Swiss National Bank now owns 602,800 shares of the company’s stock worth $3,677,000 after purchasing an additional 3,400 shares during the period. J.Safra Asset Management Corp grew its stake in shares of agilon health by 626.1% during the 2nd quarter. J.Safra Asset Management Corp now owns 4,204 shares of the company’s stock worth $27,000 after purchasing an additional 3,625 shares during the period. CWM LLC grew its stake in shares of agilon health by 406.5% during the 2nd quarter. CWM LLC now owns 9,081 shares of the company’s stock worth $59,000 after purchasing an additional 7,288 shares during the period. Finally, Signaturefd LLC grew its stake in shares of agilon health by 166.2% during the 2nd quarter. Signaturefd LLC now owns 11,848 shares of the company’s stock worth $77,000 after purchasing an additional 7,398 shares during the period.

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.