agilon health (NYSE:AGL) Shares Gap Up to $4.98

Shares of agilon health, inc. (NYSE:AGL - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $4.98, but opened at $5.30. agilon health shares last traded at $5.35, with a volume of 1,631,980 shares.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Benchmark dropped their target price on agilon health from $13.00 to $9.00 and set a "buy" rating for the company in a research note on Thursday, February 29th. TD Cowen downgraded shares of agilon health from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $12.00 to $6.50 in a report on Monday, February 26th. Stifel Nicolaus cut their price target on shares of agilon health from $8.00 to $7.00 and set a "hold" rating on the stock in a research note on Wednesday, May 1st. Royal Bank of Canada cut their price objective on agilon health from $11.00 to $8.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 28th. Finally, Barclays assumed coverage on agilon health in a report on Wednesday, March 6th. They set an "underweight" rating and a $5.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $9.32.

agilon health Trading Up 4.3 %

The company has a market cap of $2.14 billion, a price-to-earnings ratio of -8.48 and a beta of 0.52. The business's fifty day moving average price is $5.35 and its 200 day moving average price is $8.69. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.51 and a quick ratio of 1.51.

agilon health (NYSE:AGL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.13). agilon health had a negative net margin of 5.76% and a negative return on equity of 21.74%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm posted ($0.14) earnings per share. The company's revenue for the quarter was up 71.8% on a year-over-year basis. Research analysts anticipate that agilon health, inc. will post -0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On agilon health

Several institutional investors and hedge funds have recently made changes to their positions in the business. Capital World Investors lifted its position in agilon health by 7.4% during the 4th quarter. Capital World Investors now owns 55,218,496 shares of the company's stock valued at $692,992,000 after acquiring an additional 3,813,214 shares during the period. Morgan Stanley lifted its holdings in shares of agilon health by 8.9% in the third quarter. Morgan Stanley now owns 44,819,378 shares of the company's stock worth $795,992,000 after buying an additional 3,674,311 shares in the last quarter. Wellington Management Group LLP raised its stake in agilon health by 2.9% during the fourth quarter. Wellington Management Group LLP now owns 42,510,030 shares of the company's stock valued at $533,501,000 after purchasing an additional 1,191,253 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of agilon health by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 28,576,261 shares of the company's stock valued at $358,632,000 after acquiring an additional 220,986 shares during the period. Finally, Capital International Investors boosted its stake in shares of agilon health by 16.2% during the fourth quarter. Capital International Investors now owns 10,934,636 shares of the company's stock valued at $137,230,000 after purchasing an additional 1,521,995 shares during the period.

agilon health Company Profile

agilon health, inc. provides healthcare services for seniors through primary care physicians in the communities of the United States. It offers a platform that manages the total healthcare needs of the patients by subscription-like per-member per-month. The company was formerly known as Agilon Health Topco, Inc and changed its name to agilon health, inc.