Agilon Health (NYSE:AGL) Shares Up 4.9% - Should You Buy?

Key Points

• Agilon Health's shares rose 4.9% during trading, reaching a price of $1.40, despite a significant drop in trading volume.
• Wall Street analysts have mixed ratings for Agilon Health, with an average price target of $3.07, where four analysts rated it a Buy and twelve rated it Hold.
• The company reported a quarterly loss of ($0.25) EPS, missing estimates and seeing a 5.9% decline in revenue compared to the previous year.

Agilon Health, Inc. (NYSE:AGL - Get Free Report)'s share price was up 4.9% during mid-day trading on Monday . The company traded as high as $1.38 and last traded at $1.40. Approximately 1,178,316 shares traded hands during trading, a decline of 84% from the average daily volume of 7,202,739 shares. The stock had previously closed at $1.33.

Wall Street Analyst Weigh In

Several research analysts have commented on AGL shares. The Goldman Sachs Group boosted their price target on shares of Agilon Health from $2.50 to $5.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Evercore ISI decreased their price objective on shares of Agilon Health from $5.00 to $3.00 and set an "in-line" rating for the company in a research report on Wednesday, July 9th. Jefferies Financial Group lowered their target price on shares of Agilon Health from $2.40 to $1.10 and set a "hold" rating for the company in a research note on Friday, August 15th. Benchmark dropped their target price on Agilon Health from $4.00 to $1.50 and set a "buy" rating on the stock in a report on Wednesday, August 6th. Finally, Robert W. Baird cut their price target on Agilon Health from $5.00 to $1.00 and set a "neutral" rating on the stock in a research note on Thursday, August 14th. Four analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $3.07.

Agilon Health Stock Performance

The business has a 50-day moving average of $1.86 and a 200-day moving average of $2.98. The stock has a market capitalization of $578.12 million, a price-to-earnings ratio of -1.81 and a beta of 0.14.

Agilon Health (NYSE:AGL - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.14). Agilon Health had a negative net margin of 5.35% and a negative return on equity of 66.76%. The business had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.47 billion. During the same quarter last year, the company earned ($0.07) EPS. The firm's revenue for the quarter was down 5.9% compared to the same quarter last year. On average, research analysts predict that Agilon Health, Inc. will post -0.59 earnings per share for the current fiscal year.

Institutional Trading of Agilon Health

Institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN lifted its stake in shares of Agilon Health by 47.5% in the fourth quarter. Wells Fargo & Company MN now owns 144,763 shares of the company's stock valued at $275,000 after purchasing an additional 46,645 shares during the period. Russell Investments Group Ltd. increased its holdings in Agilon Health by 6,931.3% in the fourth quarter. Russell Investments Group Ltd. now owns 36,141 shares of the company's stock valued at $69,000 after buying an additional 35,627 shares in the last quarter. Cerity Partners LLC acquired a new stake in shares of Agilon Health during the 4th quarter valued at approximately $34,000. Renaissance Technologies LLC boosted its stake in shares of Agilon Health by 155.1% during the 4th quarter. Renaissance Technologies LLC now owns 463,300 shares of the company's stock worth $880,000 after acquiring an additional 281,700 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Agilon Health during the 4th quarter worth approximately $33,000.

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.

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