DocGo (NASDAQ:DCGO) Issues Quarterly Earnings Results

DocGo (NASDAQ:DCGO) posted its quarterly earnings results on Monday. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.06), FiscalAI reports. DocGo had a negative net margin of 62.23% and a negative return on equity of 44.09%. The business had revenue of $73.42 million during the quarter, compared to analysts’ expectations of $75.35 million.

DocGo Stock Performance

DCGO traded up $0.04 on Monday, reaching $0.71. 1,307,876 shares of the company’s stock were exchanged, compared to its average volume of 865,181. The company’s 50 day moving average is $0.60 and its 200-day moving average is $0.64. The company has a market cap of $70.12 million, a price-to-earnings ratio of -0.37 and a beta of 0.99. DocGo has a twelve month low of $0.45 and a twelve month high of $1.73.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DCGO. Weiss Ratings reissued a “sell (e+)” rating on shares of DocGo in a research report on Thursday, June 18th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of DocGo in a research note on Monday, May 11th. Finally, Wall Street Zen raised shares of DocGo from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $2.38.

Institutional Investors Weigh In On DocGo

Several large investors have recently made changes to their positions in DCGO. Empowered Funds LLC increased its holdings in DocGo by 14.6% in the 4th quarter. Empowered Funds LLC now owns 138,306 shares of the company’s stock valued at $121,000 after purchasing an additional 17,607 shares in the last quarter. Boothbay Fund Management LLC boosted its holdings in DocGo by 39.0% in the 4th quarter. Boothbay Fund Management LLC now owns 200,947 shares of the company’s stock worth $176,000 after acquiring an additional 56,413 shares during the period. Bridgeway Capital Management LLC boosted its holdings in DocGo by 45.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 539,306 shares of the company’s stock worth $473,000 after acquiring an additional 168,607 shares during the period. Jain Global LLC acquired a new position in shares of DocGo during the fourth quarter worth $70,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of DocGo in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 56.44% of the company’s stock.

DocGo Company Profile

DocGo, Inc is a U.S.-based integrated healthcare company that delivers on-demand and mobile healthcare services. The company’s business model centers on deploying customized medical clinics paired with a digital care platform to bring primary and acute care directly to patients. Through a combination of telemedicine and over-the-road medical units, DocGo addresses routine medical exams, chronic disease management, occupational health screenings, specialist consultations and urgent care interventions.

In addition to its mobile clinic fleet, DocGo’s digital platform offers 24/7 virtual care, facilitating remote consultations via video, phone or secure messaging.