agilon health (NYSE:AGL) Shares Down 2.8% - Time to Sell?

agilon health, inc. (NYSE:AGL - Get Free Report) shares fell 2.8% during mid-day trading on Thursday . The company traded as low as $2.29 and last traded at $2.29. 1,094,778 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 4,934,709 shares. The stock had previously closed at $2.35.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Sanford C. Bernstein raised agilon health from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $3.30 to $8.50 in a research report on Tuesday, April 8th. Needham & Company LLC reiterated a "hold" rating on shares of agilon health in a research note on Friday, March 21st. The Goldman Sachs Group boosted their price objective 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. TD Cowen increased their target price on agilon health from $3.50 to $6.00 and gave the company a "hold" rating in a research note on Tuesday, April 15th. Finally, JMP Securities restated a "market perform" rating on shares of agilon health in a research note on Monday, April 28th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, agilon health presently has an average rating of "Hold" and a consensus target price of $4.79.

agilon health Stock Performance

The company has a market capitalization of $918.97 million, a price-to-earnings ratio of -2.36 and a beta of 0.38. 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 stock has a fifty day moving average price of $3.79 and a two-hundred day moving average price of $3.18.

agilon health (NYSE:AGL - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. agilon health had a negative net margin of 6.88% and a negative return on equity of 47.84%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the business posted ($0.02) earnings per share. agilon health's revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, analysts forecast that agilon health, inc. will post -0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On agilon health

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGL. Vanguard Group Inc. increased its position in agilon health by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 31,112,407 shares of the company's stock valued at $59,114,000 after acquiring an additional 272,787 shares during the period. Capital International Investors grew its position in agilon health by 72.0% in the 4th quarter. Capital International Investors now owns 22,331,873 shares of the company's stock valued at $42,431,000 after buying an additional 9,346,295 shares in the last quarter. Millennium Management LLC increased its stake in agilon health by 187.8% during the 4th quarter. Millennium Management LLC now owns 7,212,525 shares of the company's stock valued at $13,704,000 after buying an additional 4,706,357 shares during the period. Geode Capital Management LLC raised its position in shares of agilon health by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 6,928,724 shares of the company's stock worth $13,168,000 after buying an additional 35,207 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of agilon health by 6.6% in the first quarter. Goldman Sachs Group Inc. now owns 5,060,333 shares of the company's stock valued at $21,911,000 after acquiring an additional 311,158 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.