Agilon Health (NYSE:AGL) Trading Up 9.5% - What's Next?

Key Points

• Agilon Health's stock rose 9.5% in mid-day trading, reaching a high of $1.22, despite a significant decrease in trading volume compared to average levels.
• Wall Street analysts are divided on Agilon Health, with targets ranging from as low as $1.10 to as high as $5.00, resulting in a consensus rating of "Hold" and an average target price of $3.58.
• Recently, several institutional investors have increased their stakes in Agilon Health, indicating growing interest from hedge funds and investors in the company.

Agilon Health, Inc. (NYSE:AGL - Get Free Report) shares shot up 9.5% during mid-day trading on Monday . The company traded as high as $1.20 and last traded at $1.22. 2,169,071 shares traded hands during trading, a decline of 70% from the average session volume of 7,194,488 shares. The stock had previously closed at $1.11.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AGL. Benchmark dropped their price target on shares of Agilon Health from $4.00 to $1.50 and set a "buy" rating on the stock in a research report on Wednesday, August 6th. Citigroup upgraded Agilon Health from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $3.25 to $5.00 in a report on Friday, April 25th. Barclays lowered their target price on shares of Agilon Health from $3.00 to $1.50 and set an "underweight" rating on the stock in a report on Wednesday, August 6th. Evercore ISI dropped their price objective on Agilon Health from $5.00 to $3.00 and set an "in-line" rating on the stock in a research note on Wednesday, July 9th. Finally, Robert W. Baird cut their target price 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 assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $3.07.

Agilon Health Stock Up 7.7%

The company's 50-day moving average is $1.86 and its two-hundred day moving average is $2.99. The company has a market cap of $549.11 million, a P/E ratio of -1.72 and a beta of 0.14.

Agilon Health (NYSE:AGL - Get Free Report) last released its earnings results on Monday, August 4th. The company reported ($0.25) earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.47 billion. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. The firm's revenue was down 5.9% compared to the same quarter last year. On average, analysts anticipate that Agilon Health, Inc. will post -0.59 EPS for the current fiscal year.

Institutional Trading of Agilon Health

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

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.