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

Key Points

• DocGo Inc. (NASDAQ:DCGO) has received an average recommendation of "Moderate Buy" from six analysts, with a balanced split of three buy ratings and three hold ratings.
• The company's 1-year price objective averages at $3.59, although several analysts have recently adjusted their target prices downwards.
• DocGo reported a revenue of $80.42 million for the last quarter, exceeding estimates, but reported a loss of ($0.11) earnings per share, falling short of expected results.

DocGo Inc. (NASDAQ:DCGO - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six analysts that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $3.59.

A number of research firms recently weighed in on DCGO. Needham & Company LLC decreased their target price on DocGo from $4.00 to $3.00 and set a "buy" rating on the stock in a report on Friday, May 9th. BTIG Research lowered DocGo from a "buy" rating to a "neutral" rating in a report on Friday, May 9th. Finally, Canaccord Genuity Group boosted their target price on DocGo from $1.45 to $1.60 and gave the stock a "hold" rating in a report on Thursday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new position in DocGo in the 1st quarter valued at $34,000. CWM LLC grew its holdings in DocGo by 2,613.3% in the 2nd quarter. CWM LLC now owns 21,978 shares of the company's stock valued at $35,000 after buying an additional 21,168 shares in the last quarter. Cerity Partners LLC acquired a new position in DocGo in the 2nd quarter valued at $37,000. Summit Investment Advisors Inc. grew its holdings in DocGo by 38.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 10,639 shares of the company's stock valued at $45,000 after buying an additional 2,968 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new position in DocGo in the 2nd quarter valued at $52,000. 56.44% of the stock is owned by institutional investors and hedge funds.

DocGo Trading Down 0.6%

DCGO stock opened at $1.60 on Friday. The firm has a market capitalization of $156.50 million, a PE ratio of -8.42 and a beta of 0.96. DocGo has a 1-year low of $1.23 and a 1-year high of $5.6750. The business's 50 day simple moving average is $1.53 and its 200 day simple moving average is $2.32.

DocGo (NASDAQ:DCGO - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.05). The business had revenue of $80.42 million for the quarter, compared to analyst estimates of $77.58 million. DocGo had a negative return on equity of 3.26% and a negative net margin of 4.20%. DocGo has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that DocGo will post 0.25 EPS for the current fiscal year.

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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