DocGo Inc. (NASDAQ:DCGO) Receives Average Rating of “Hold” from Analysts

DocGo Inc. (NASDAQ:DCGO) has received a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $3.2125.

A number of brokerages recently weighed in on DCGO. Canaccord Genuity Group dropped their price target on DocGo from $1.60 to $1.50 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Zacks Research upgraded shares of DocGo from a “strong sell” rating to a “hold” rating in a report on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of DocGo in a research note on Monday, December 1st.

DocGo Stock Performance

NASDAQ DCGO opened at $1.05 on Friday. DocGo has a 1 year low of $0.87 and a 1 year high of $5.68. The business’s fifty day moving average is $1.13 and its two-hundred day moving average is $1.38. The stock has a market capitalization of $102.70 million, a P/E ratio of -2.02 and a beta of 0.93.

DocGo (NASDAQ:DCGO) last released its quarterly earnings data on Monday, November 10th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.02). The company had revenue of $70.81 million for the quarter, compared to the consensus estimate of $69.96 million. DocGo had a negative return on equity of 9.11% and a negative net margin of 14.02%. On average, research analysts forecast that DocGo will post 0.25 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Summit Securities Group LLC purchased a new stake in DocGo in the 1st quarter worth about $34,000. CWM LLC raised its stake in shares of DocGo by 2,613.3% during the 2nd quarter. CWM LLC now owns 21,978 shares of the company’s stock worth $35,000 after purchasing an additional 21,168 shares in the last quarter. Cerity Partners LLC acquired a new stake in DocGo in the second quarter valued at approximately $37,000. Strs Ohio acquired a new stake in shares of DocGo in the 1st quarter valued at $76,000. Finally, Engineers Gate Manager LP bought a new stake in DocGo in the second quarter worth $52,000. Hedge funds and other institutional investors own 56.44% of the company’s stock.

DocGo Company Profile

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.