agilon health (NYSE:AGL) Shares Gap Down – Should You Sell?

agilon health, inc. (NYSE:AGL)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $5.47, but opened at $4.66. agilon health shares last traded at $3.72, with a volume of 2,838,348 shares.

Wall Street Analysts Forecast Growth

AGL has been the topic of several recent research reports. Citigroup raised shares of agilon health from a “sell” rating to a “neutral” rating and upped their price target for the company from $1.75 to $2.25 in a report on Friday, January 10th. Needham & Company LLC reiterated a “hold” rating on shares of agilon health in a research report on Friday, March 21st. Stifel Nicolaus raised their price objective on shares of agilon health from $2.00 to $3.00 and gave the stock a “hold” rating in a research note on Wednesday, February 26th. TD Cowen boosted their target price on shares of agilon health from $3.50 to $6.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, Robert W. Baird dropped their price target on shares of agilon health from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, agilon health currently has a consensus rating of “Hold” and an average price target of $4.60.

agilon health Price Performance

The stock’s 50-day moving average price is $4.14 and its 200 day moving average price is $3.12. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of -4.28 and a beta of 0.38.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors increased its holdings in shares of agilon health by 10.9% in the fourth quarter. Captrust Financial Advisors now owns 35,485 shares of the company’s stock valued at $67,000 after purchasing an additional 3,494 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in agilon health by 2.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 206,991 shares of the company’s stock valued at $393,000 after buying an additional 5,107 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of agilon health by 4.0% in the 4th quarter. MetLife Investment Management LLC now owns 174,551 shares of the company’s stock worth $332,000 after acquiring an additional 6,762 shares during the last quarter. Symphony Financial Services Inc. raised its holdings in shares of agilon health by 44.3% during the 4th quarter. Symphony Financial Services Inc. now owns 23,000 shares of the company’s stock worth $44,000 after acquiring an additional 7,058 shares during the period. Finally, Signaturefd LLC boosted its position in shares of agilon health by 143.0% during the 4th quarter. Signaturefd LLC now owns 14,388 shares of the company’s stock valued at $27,000 after acquiring an additional 8,467 shares during the last quarter.

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.