DocGo Target of Unusually Large Options Trading (NASDAQ:DCGO)

DocGo Inc. (NASDAQ:DCGO) was the recipient of unusually large options trading on Thursday. Traders purchased 7,426 put options on the stock. This represents an increase of approximately 1,020% compared to the typical daily volume of 663 put options.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DCGO. Canaccord Genuity Group decreased their target price on DocGo from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. BTIG Research decreased their target price on DocGo from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Stifel Nicolaus reduced their price objective on DocGo from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Needham & Company LLC reduced their price objective on DocGo from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Finally, Cantor Fitzgerald reduced their target price on DocGo from $13.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, February 29th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $10.83.

DocGo Trading Up 4.4 %

Shares of DCGO opened at $3.57 on Friday. DocGo has a 1 year low of $2.78 and a 1 year high of $10.82. The stock has a market cap of $371.89 million, a P/E ratio of 51.00, a price-to-earnings-growth ratio of 0.34 and a beta of 0.91. The stock’s 50-day moving average price is $3.73 and its two-hundred day moving average price is $4.64.

DocGo (NASDAQ:DCGO) last issued its earnings results on Wednesday, February 28th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). DocGo had a return on equity of 2.01% and a net margin of 1.10%. The company had revenue of $199.25 million for the quarter, compared to the consensus estimate of $195.48 million. As a group, equities analysts forecast that DocGo will post 0.35 EPS for the current year.

Insiders Place Their Bets

In related news, Director Michael J. Burdiek acquired 10,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average price of $3.61 per share, for a total transaction of $36,100.00. Following the acquisition, the director now owns 571,595 shares in the company, valued at $2,063,457.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 13.78% of the company’s stock.

Hedge Funds Weigh In On DocGo

Institutional investors have recently modified their holdings of the business. AJOVista LLC bought a new position in shares of DocGo during the 4th quarter valued at about $25,000. Federated Hermes Inc. bought a new position in shares of DocGo during the 3rd quarter valued at about $29,000. Royal Bank of Canada lifted its holdings in shares of DocGo by 226.3% during the 1st quarter. Royal Bank of Canada now owns 3,263 shares of the company’s stock valued at $30,000 after purchasing an additional 2,263 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of DocGo by 145.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,908 shares of the company’s stock valued at $31,000 after purchasing an additional 3,502 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of DocGo by 320.1% during the 4th quarter. Wells Fargo & Company MN now owns 6,192 shares of the company’s stock valued at $44,000 after purchasing an additional 4,718 shares in the last quarter. Institutional investors own 56.44% of the company’s stock.

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.