agilon health (NYSE:AGL) Stock Price Down 2.3% - Here's What Happened

Shares of agilon health, inc. (NYSE:AGL - Get Free Report) were down 2.3% during trading on Tuesday . The stock traded as low as $4.07 and last traded at $4.05. Approximately 162,584 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 4,774,198 shares. The stock had previously closed at $4.14.

Analyst Upgrades and Downgrades

AGL has been the topic of several recent research reports. Cowen restated a "hold" rating on shares of agilon health in a report on Tuesday, April 15th. Needham & Company LLC restated a "hold" rating on shares of agilon health in a report on Friday, March 21st. TD Cowen upped their target price on agilon health from $3.50 to $6.00 and gave the stock a "hold" rating in a research report on Tuesday, April 15th. 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, April 15th. Finally, Royal Bank of Canada upped their price objective on shares of agilon health from $3.00 to $3.50 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, agilon health has an average rating of "Hold" and an average price target of $4.81.

agilon health Stock Performance

The stock has a fifty day simple moving average of $4.19 and a 200-day simple moving average of $3.14. 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 company has a market capitalization of $1.61 billion, a P/E ratio of -4.14 and a beta of 0.38.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Oak Thistle LLC bought a new stake in shares of agilon health during the fourth quarter worth $25,000. Ieq Capital LLC acquired a new stake in agilon health in the 4th quarter valued at about $26,000. Signaturefd LLC raised its stake in shares of agilon health by 143.0% in the fourth quarter. Signaturefd LLC now owns 14,388 shares of the company's stock worth $27,000 after acquiring an additional 8,467 shares during the last quarter. Ridgecrest Wealth Partners LLC bought a new stake in shares of agilon health during the first quarter valued at approximately $65,000. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of agilon health in the first quarter valued at approximately $66,000.

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.