Deerfield Management Company L.P. Series C Has $30.51 Million Stock Holdings in DocGo Inc. (NASDAQ:DCGO)

Deerfield Management Company L.P. Series C cut its position in DocGo Inc. (NASDAQ:DCGO - Free Report) by 20.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,195,956 shares of the company's stock after selling 1,870,182 shares during the period. Deerfield Management Company L.P. Series C owned 7.05% of DocGo worth $30,511,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in DocGo by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 5,014,375 shares of the company's stock worth $21,261,000 after purchasing an additional 14,454 shares during the last quarter. WCM Investment Management LLC boosted its position in DocGo by 64.2% in the fourth quarter. WCM Investment Management LLC now owns 4,314,071 shares of the company's stock worth $18,637,000 after purchasing an additional 1,687,100 shares during the last quarter. Northern Trust Corp raised its stake in shares of DocGo by 24.9% during the 4th quarter. Northern Trust Corp now owns 1,606,139 shares of the company's stock worth $6,810,000 after purchasing an additional 320,133 shares during the period. Franklin Resources Inc. increased its holdings in DocGo by 14.3% during the fourth quarter. Franklin Resources Inc. now owns 1,370,819 shares of the company's stock worth $5,812,000 after buying an additional 171,733 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in shares of DocGo by 37.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 1,331,928 shares of the company's stock worth $5,647,000 after purchasing an additional 363,391 shares during the last quarter. Institutional investors own 56.44% of the company's stock.

DocGo Stock Up 2.6 %

DocGo stock opened at $2.40 on Thursday. The firm has a fifty day simple moving average of $2.56 and a two-hundred day simple moving average of $3.70. DocGo Inc. has a twelve month low of $2.02 and a twelve month high of $5.68. The company has a market capitalization of $244.76 million, a PE ratio of 8.57, a P/E/G ratio of 14.16 and a beta of 1.14.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of DocGo from a "buy" rating to a "hold" rating and cut their target price for the stock from $5.00 to $2.85 in a research report on Friday, February 28th. Stifel Nicolaus decreased their target price on DocGo from $6.50 to $5.50 and set a "buy" rating on the stock in a research note on Friday, February 28th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $4.00 price target on shares of DocGo in a research report on Tuesday, April 8th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $4.89.

About DocGo

DocGo Inc provides mobile health and medical transportation services for various health care providers in the United States and the United Kingdom. The company's transportation services include emergency response services; and non-emergency transport services comprise ambulance and wheelchair transportation services.

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