Canaccord Genuity Group Reaffirms "Hold" Rating for DocGo (NASDAQ:DCGO)

Canaccord Genuity Group reaffirmed their hold rating on shares of DocGo (NASDAQ:DCGO - Free Report) in a report released on Monday, Marketbeat Ratings reports. They currently have a $1.45 price target on the stock, down from their prior price target of $5.00.

A number of other equities research analysts have also recently commented on DCGO. Deutsche Bank Aktiengesellschaft cut DocGo from a "buy" rating to a "hold" rating and decreased their price target for the company from $5.00 to $2.85 in a research note on Friday, February 28th. Stifel Nicolaus reduced their price objective on DocGo from $6.50 to $5.50 and set a "buy" rating for the company in a research note on Friday, February 28th. Needham & Company LLC reduced their price objective on DocGo from $4.00 to $3.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, BTIG Research cut DocGo from a "buy" rating to a "neutral" rating in a research note on Friday, May 9th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $3.56.

DocGo Price Performance

Shares of DCGO traded up $0.07 during mid-day trading on Monday, reaching $1.47. 1,655,608 shares of the company's stock traded hands, compared to its average volume of 790,893. The stock has a market cap of $149.92 million, a P/E ratio of 5.25, a P/E/G ratio of 14.16 and a beta of 1.14. The stock's 50-day moving average is $2.37 and its two-hundred day moving average is $3.61. DocGo has a 12 month low of $1.35 and a 12 month high of $5.68.

DocGo (NASDAQ:DCGO - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.08). The business had revenue of $96.03 million for the quarter, compared to the consensus estimate of $104.25 million. DocGo had a net margin of 4.35% and a return on equity of 8.90%. Research analysts predict that DocGo will post 0.25 earnings per share for the current year.

Institutional Investors Weigh In On DocGo

Several large investors have recently bought and sold shares of DCGO. Vanguard Group Inc. boosted its position in shares of DocGo by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 5,014,375 shares of the company's stock worth $21,261,000 after acquiring an additional 14,454 shares in the last quarter. WCM Investment Management LLC boosted its position in shares of DocGo by 64.2% during the 4th quarter. WCM Investment Management LLC now owns 4,314,071 shares of the company's stock worth $18,637,000 after acquiring an additional 1,687,100 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its position in shares of DocGo by 17.4% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 2,201,667 shares of the company's stock worth $5,812,000 after acquiring an additional 325,760 shares in the last quarter. Jefferies Financial Group Inc. boosted its position in shares of DocGo by 6,874.1% during the 1st quarter. Jefferies Financial Group Inc. now owns 2,029,456 shares of the company's stock worth $5,358,000 after acquiring an additional 2,000,356 shares in the last quarter. Finally, P.A.W. Capital Corp boosted its position in shares of DocGo by 25.0% during the 1st quarter. P.A.W. Capital Corp now owns 2,000,000 shares of the company's stock worth $5,280,000 after acquiring an additional 400,000 shares in the last quarter. Hedge funds and other institutional investors own 56.44% of the company's stock.

DocGo Company Profile

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.