DocGo Inc. (NASDAQ:DCGO) Given Average Recommendation of "Hold" by Analysts

Key Points

• Consensus "Hold" — Five analysts give DocGo a consensus rating of "Hold" (1 sell, 3 hold, 1 buy) with an average 12‑month price target of $2.25.
• Price and valuation — Shares opened at $0.67 with a market cap of $65.75 million, a one‑year range of $0.63–$3.08 and a negative P/E of -1.29, trading below its 50‑ and 200‑day moving averages.
• Institutional ownership & mixed research — Institutions own 56.44% of the stock after several small new stakes, and analyst views are split, including Weiss Ratings' "sell (D-)" and Canaccord Genuity's lowered buy target of $1.50.

DocGo Inc. (NASDAQ:DCGO - Get Free Report) has been assigned a consensus rating of "Hold" from the five analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $2.25.

DCGO has been the subject of a number of research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of DocGo in a report on Monday, December 29th. Canaccord Genuity Group reduced their price objective on DocGo from $1.60 to $1.50 and set a "buy" rating on the stock in a report on Wednesday, November 12th.

Hedge Funds Weigh In On DocGo

Institutional investors have recently made changes to their positions in the company. Neuberger Berman Group LLC bought a new stake in shares of DocGo in the fourth quarter valued at about $29,000. Cerity Partners LLC bought a new position in DocGo during the 2nd quarter worth about $37,000. Public Employees Retirement System of Ohio purchased a new position in DocGo during the 4th quarter valued at about $40,000. Engineers Gate Manager LP purchased a new position in DocGo during the 2nd quarter valued at about $52,000. Finally, Royce & Associates LP bought a new stake in shares of DocGo in the 3rd quarter valued at about $64,000. Hedge funds and other institutional investors own 56.44% of the company's stock.

DocGo Price Performance

Shares of DCGO stock opened at $0.67 on Tuesday. The company has a market capitalization of $65.75 million, a P/E ratio of -1.29 and a beta of 0.95. The company's 50-day simple moving average is $0.80 and its two-hundred day simple moving average is $1.06. DocGo has a one year low of $0.63 and a one year high of $3.08.

DocGo Company Profile

DocGo, Inc is a U.S.-based integrated healthcare company that delivers on-demand and mobile healthcare services. The company’s business model centers on deploying customized medical clinics paired with a digital care platform to bring primary and acute care directly to patients. Through a combination of telemedicine and over-the-road medical units, DocGo addresses routine medical exams, chronic disease management, occupational health screenings, specialist consultations and urgent care interventions.

In addition to its mobile clinic fleet, DocGo’s digital platform offers 24/7 virtual care, facilitating remote consultations via video, phone or secure messaging.

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