Agilon Health (NYSE:AGL) Stock Price Down 7.6% - Here's Why

Agilon Health, Inc. (NYSE:AGL - Get Free Report)'s stock price was down 7.6% on Thursday . The company traded as low as $2.13 and last traded at $2.12. Approximately 1,151,862 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 5,070,847 shares. The stock had previously closed at $2.29.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Wells Fargo & Company dropped their price objective on Agilon Health from $6.00 to $5.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Citigroup raised Agilon Health from a "neutral" rating to a "buy" rating and raised their price target for the stock from $3.25 to $5.00 in a research note on Friday, April 25th. Robert W. Baird dropped their price target on Agilon Health from $6.00 to $5.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Barclays raised their price target on Agilon Health from $2.00 to $3.00 and gave the stock an "underweight" rating in a research note on Thursday, May 8th. Finally, The Goldman Sachs Group increased their price objective on Agilon Health from $2.50 to $5.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $4.71.

Agilon Health Price Performance

The firm has a market capitalization of $854.81 million, a PE ratio of -3.50 and a beta of 0.16. The firm has a 50-day simple moving average of $2.24 and a 200-day simple moving average of $3.24.

Agilon Health (NYSE:AGL - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.04. Agilon Health had a negative return on equity of 45.47% and a negative net margin of 4.04%. The firm had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the previous year, the firm earned ($0.02) EPS. The business's quarterly revenue was down 4.5% on a year-over-year basis. Equities analysts expect that Agilon Health, Inc. will post -0.59 earnings per share for the current year.

Hedge Funds Weigh In On Agilon Health

Several large investors have recently modified their holdings of the stock. Captrust Financial Advisors boosted its holdings in Agilon Health by 10.9% during the 4th quarter. Captrust Financial Advisors now owns 35,485 shares of the company's stock valued at $67,000 after acquiring an additional 3,494 shares during the period. Signaturefd LLC lifted its holdings in shares of Agilon Health by 28.3% in the 1st quarter. Signaturefd LLC now owns 18,461 shares of the company's stock worth $80,000 after buying an additional 4,073 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Agilon Health by 2.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 206,991 shares of the company's stock worth $393,000 after buying an additional 5,107 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Agilon Health by 5.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 105,324 shares of the company's stock worth $256,000 after acquiring an additional 5,627 shares in the last quarter. Finally, State of Wyoming raised its position in shares of Agilon Health by 4.9% in the 1st quarter. State of Wyoming now owns 128,509 shares of the company's stock worth $556,000 after acquiring an additional 6,005 shares in the last quarter.

About Agilon Health

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.