Northland Capmk Comments on DocGo FY2026 Earnings

DocGo Inc. (NASDAQ:DCGO - Free Report) - Equities researchers at Northland Capmk issued their FY2026 earnings per share estimates for shares of DocGo in a research report issued on Sunday, May 11th. Northland Capmk analyst M. Latimore forecasts that the company will post earnings of $0.10 per share for the year. The consensus estimate for DocGo's current full-year earnings is $0.25 per share.

DocGo (NASDAQ:DCGO - Get Free Report) last posted its quarterly 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). DocGo had a return on equity of 8.90% and a net margin of 4.35%. The business had revenue of $96.03 million during the quarter, compared to analysts' expectations of $104.25 million.

Other analysts also recently issued reports about the stock. BTIG Research downgraded shares of DocGo from a "buy" rating to a "neutral" rating in a report on Friday, May 9th. Needham & Company LLC reduced their price objective on DocGo from $4.00 to $3.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $1.45 price objective (down from $5.00) on shares of DocGo in a research note on Monday. Deutsche Bank Aktiengesellschaft cut DocGo from a "buy" rating to a "hold" rating and dropped their target price for the stock from $5.00 to $2.85 in a report on Friday, February 28th. Finally, Stifel Nicolaus lowered their price target on DocGo from $6.50 to $5.50 and set a "buy" rating for the company in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $3.56.

DocGo Trading Up 5.0%

Shares of NASDAQ:DCGO traded up $0.07 during midday trading on Tuesday, reaching $1.47. 1,655,608 shares of the company were exchanged, compared to its average volume of 790,893. The stock has a market cap of $149.92 million, a PE ratio of 5.25, a price-to-earnings-growth ratio of 14.16 and a beta of 1.14. The business's fifty day moving average is $2.37 and its two-hundred day moving average is $3.61. DocGo has a one year low of $1.35 and a one year high of $5.68.

Institutional Investors Weigh In On DocGo

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of DocGo by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 5,014,375 shares of the company's stock worth $21,261,000 after purchasing an additional 14,454 shares in the last quarter. WCM Investment Management LLC increased its position in DocGo by 64.2% during the 4th quarter. WCM Investment Management LLC now owns 4,314,071 shares of the company's stock valued at $18,637,000 after buying an additional 1,687,100 shares in the last quarter. Punch & Associates Investment Management Inc. increased its position in DocGo by 17.4% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 2,201,667 shares of the company's stock valued at $5,812,000 after buying an additional 325,760 shares in the last quarter. Jefferies Financial Group Inc. raised its stake in DocGo by 6,874.1% in the first quarter. Jefferies Financial Group Inc. now owns 2,029,456 shares of the company's stock valued at $5,358,000 after buying an additional 2,000,356 shares during the last quarter. Finally, P.A.W. Capital Corp grew its stake in shares of DocGo by 25.0% during the first 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 during the last quarter. Institutional investors own 56.44% of the company's stock.

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.