Punch & Associates Investment Management Inc. Buys 325,760 Shares of DocGo Inc. $DCGO

Key Points

• Punch & Associates Investment Management Inc. increased its stake in DocGo Inc. by 17.4%, acquiring an additional 325,760 shares during the first quarter, making their total ownership 2,201,667 shares valued at approximately $5.81 million.
• DocGo reported a revenue of $80.42 million for its last quarter, exceeding analyst estimates by about $2.84 million, although it missed EPS expectations by 5 cents, posting a loss of ($0.11) per share.
• Analyst ratings show a mixed outlook for DocGo, with three maintaining a Buy rating and three issuing a Hold rating, while the consensus price target is set at $3.59.

Punch & Associates Investment Management Inc. increased its holdings in shares of DocGo Inc. (NASDAQ:DCGO - Free Report) by 17.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 2,201,667 shares of the company's stock after purchasing an additional 325,760 shares during the period. Punch & Associates Investment Management Inc. owned 2.16% of DocGo worth $5,812,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of DCGO. Summit Securities Group LLC bought a new stake in DocGo in the first quarter valued at approximately $34,000. ProShare Advisors LLC increased its holdings in shares of DocGo by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 28,641 shares of the company's stock worth $121,000 after acquiring an additional 9,425 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in DocGo in the 4th quarter valued at $123,000. Penn Capital Management Company LLC lifted its holdings in DocGo by 257.8% during the 1st quarter. Penn Capital Management Company LLC now owns 48,774 shares of the company's stock valued at $129,000 after purchasing an additional 35,142 shares during the last quarter. Finally, Brandywine Global Investment Management LLC boosted its position in DocGo by 12.0% during the first quarter. Brandywine Global Investment Management LLC now owns 77,269 shares of the company's stock worth $204,000 after purchasing an additional 8,279 shares during the period. Institutional investors and hedge funds own 56.44% of the company's stock.

DocGo Stock Performance

Shares of DCGO stock traded up $0.01 on Tuesday, hitting $1.58. The company's stock had a trading volume of 159,109 shares, compared to its average volume of 388,595. The stock's 50 day moving average is $1.53 and its 200-day moving average is $1.97. DocGo Inc. has a fifty-two week low of $1.23 and a fifty-two week high of $5.68. The company has a market capitalization of $154.54 million, a PE ratio of -8.32 and a beta of 0.97.

DocGo (NASDAQ:DCGO - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.05). The business had revenue of $80.42 million during 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. On average, research analysts forecast that DocGo Inc. will post 0.25 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upped their price objective on shares of DocGo from $1.45 to $1.60 and gave the company a "hold" rating in a report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, DocGo presently has an average rating of "Moderate Buy" and an average price target of $3.59.

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.