DocGo Inc. (NASDAQ:DCGO) Receives Average Recommendation of “Moderate Buy” from Analysts

DocGo Inc. (NASDAQ:DCGO) has earned an average rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $5.06.

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of DocGo from a “buy” rating to a “hold” rating and cut their price target for the stock from $5.00 to $2.85 in a research note on Friday. Needham & Company LLC cut their target price on shares of DocGo from $7.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday.

Insider Activity at DocGo

In related news, General Counsel Ely D. Tendler sold 23,088 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $4.44, for a total transaction of $102,510.72. Following the completion of the sale, the general counsel now directly owns 175,645 shares of the company’s stock, valued at approximately $779,863.80. This trade represents a 11.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DCGO. Centiva Capital LP acquired a new position in DocGo during the 3rd quarter worth $43,000. Summit Investment Advisors Inc. grew its holdings in DocGo by 38.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 10,639 shares of the company’s stock worth $45,000 after acquiring an additional 2,968 shares in the last quarter. Prudential Financial Inc. acquired a new position in shares of DocGo in the 4th quarter valued at about $55,000. Intech Investment Management LLC acquired a new position in shares of DocGo in the 3rd quarter valued at about $62,000. Finally, Royce & Associates LP acquired a new position in shares of DocGo in the 4th quarter valued at about $64,000. 56.44% of the stock is owned by institutional investors and hedge funds.

DocGo Stock Down 25.6 %

Shares of DCGO traded down $1.01 on Friday, hitting $2.92. 2,235,965 shares of the stock traded hands, compared to its average volume of 623,015. The firm has a market capitalization of $297.48 million, a P/E ratio of 10.22, a P/E/G ratio of 14.16 and a beta of 1.00. The stock’s 50 day moving average is $4.62 and its two-hundred day moving average is $4.02. DocGo has a 1 year low of $2.75 and a 1 year high of $5.68.

About DocGo

DocGo Inc provides mobile health and medical transportation services for various health care providers in the United States and the United Kingdom. The company's transportation services include emergency response services; and non-emergency transport services comprise ambulance and wheelchair transportation services.