agilon health (NYSE:AGL) Shares Gap Up on Earnings Beat

agilon health, inc. (NYSE:AGL - Get Free Report)'s share price gapped up before the market opened on Wednesday following a stronger than expected earnings report. The stock had previously closed at $4.46, but opened at $4.71. agilon health shares last traded at $3.58, with a volume of 1,451,565 shares trading hands.

The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.04. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.50 billion. agilon health had a negative net margin of 6.88% and a negative return on equity of 47.84%. The company's revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.02) EPS.

Analyst Upgrades and Downgrades

AGL has been the subject of a number of research reports. Robert W. Baird decreased their price objective on agilon health from $6.00 to $5.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. JMP Securities reissued a "market perform" rating on shares of agilon health in a research note on Monday, April 28th. Royal Bank of Canada lifted their price objective on shares of agilon health from $3.00 to $3.50 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Citigroup raised shares of agilon health from a "neutral" rating to a "buy" rating and lifted their price target for the company from $3.25 to $5.00 in a research report on Friday, April 25th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of agilon health in a research report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $4.89.

Institutional Trading of agilon health

A number of hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its stake in agilon health by 244.9% during the first quarter. Nisa Investment Advisors LLC now owns 9,553 shares of the company's stock worth $41,000 after buying an additional 6,783 shares during the last quarter. Oak Thistle LLC purchased a new stake in shares of agilon health in the fourth quarter worth approximately $25,000. Ieq Capital LLC bought a new stake in shares of agilon health in the 4th quarter worth $26,000. Signaturefd LLC increased its position in shares of agilon health by 143.0% during the fourth quarter. Signaturefd LLC now owns 14,388 shares of the company's stock valued at $27,000 after acquiring an additional 8,467 shares during the last quarter. Finally, Ridgecrest Wealth Partners LLC purchased a new position in shares of agilon health in the 1st quarter worth about $65,000.

agilon health Trading Down 10.9 %

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $1.19 billion, a P/E ratio of -3.05 and a beta of 0.38. The firm has a fifty day simple moving average of $4.27 and a two-hundred day simple moving average of $3.19.

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.