DocGo (NASDAQ:DCGO) Posts Quarterly Earnings Results, Misses Expectations By $0.08 EPS

DocGo (NASDAQ:DCGO - Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.08), Zacks reports. DocGo had a net margin of 4.35% and a return on equity of 8.90%. DocGo updated its FY 2025 guidance to EPS.

DocGo Price Performance

Shares of DCGO stock traded down $0.92 during mid-day trading on Friday, hitting $1.41. The stock had a trading volume of 9,518,179 shares, compared to its average volume of 763,955. DocGo has a 12-month low of $1.39 and a 12-month high of $5.68. The firm's 50-day moving average is $2.52 and its two-hundred day moving average is $3.68. The firm has a market capitalization of $143.80 million, a P/E ratio of 5.04, a price-to-earnings-growth ratio of 14.16 and a beta of 1.14.

Analysts Set New Price Targets

A number of research analysts have recently commented on DCGO shares. BTIG Research cut DocGo from a "buy" rating to a "neutral" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft downgraded DocGo from a "buy" rating to a "hold" rating and cut their price objective for the company 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 for the company in a research report on Friday, February 28th. Finally, Needham & Company LLC reduced their price target on shares of DocGo from $4.00 to $3.00 and set a "buy" rating on the stock in a research note on Friday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $4.09.

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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