agilon health (NYSE:AGL) Trading Up 6.2% – Should You Buy?

agilon health, inc. (NYSE:AGL)’s share price was up 6.2% on Tuesday . The company traded as high as $2.46 and last traded at $2.49. Approximately 1,687,637 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 5,757,976 shares. The stock had previously closed at $2.34.

Analyst Ratings Changes

AGL has been the subject of a number of recent analyst reports. Robert W. Baird decreased their price target on agilon health from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Sanford C. Bernstein raised agilon health from a “market perform” rating to an “outperform” rating and upped their price target for the company from $3.30 to $8.50 in a report on Tuesday, April 8th. Citigroup upgraded shares of agilon health from a “neutral” rating to a “buy” rating and increased their price target for the company from $3.25 to $5.00 in a research note on Friday, April 25th. TD Cowen boosted their price objective on shares of agilon health from $3.50 to $6.00 and gave the stock a “hold” rating in a research report on Tuesday, April 15th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of agilon health in a research report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $4.90.

agilon health Price Performance

The stock’s 50-day moving average is $4.15 and its 200 day moving average is $3.19. 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 stock has a market capitalization of $1.03 billion, a PE ratio of -2.64 and a beta of 0.38.

agilon health (NYSE:AGL) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.04. agilon health had a negative net margin of 6.88% and a negative return on equity of 47.84%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm earned ($0.02) earnings per share. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, equities analysts predict that agilon health, inc. will post -0.59 earnings per share for the current year.

Hedge Funds Weigh In On agilon health

Hedge funds and other institutional investors have recently made changes to their positions in the business. Captrust Financial Advisors raised its stake in agilon health by 10.9% during the fourth quarter. Captrust Financial Advisors now owns 35,485 shares of the company’s stock worth $67,000 after acquiring an additional 3,494 shares in the last quarter. Signaturefd LLC grew its holdings in shares of agilon health by 28.3% in the 1st quarter. Signaturefd LLC now owns 18,461 shares of the company’s stock worth $80,000 after purchasing an additional 4,073 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of agilon health by 2.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 206,991 shares of the company’s stock worth $393,000 after purchasing an additional 5,107 shares in the last quarter. State of Wyoming increased its position in shares of agilon health by 4.9% during the 1st quarter. State of Wyoming now owns 128,509 shares of the company’s stock worth $556,000 after purchasing an additional 6,005 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in agilon health by 4.0% during the 4th quarter. MetLife Investment Management LLC now owns 174,551 shares of the company’s stock valued at $332,000 after purchasing an additional 6,762 shares during the last quarter.

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.