agilon health (NYSE:AGL) Stock Price Up 5.5%

agilon health, inc. (NYSE:AGL - Get Free Report)'s share price traded up 5.5% during trading on Monday . The company traded as high as $5.01 and last traded at $5.01. 808,176 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 5,989,755 shares. The stock had previously closed at $4.75.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AGL shares. The Goldman Sachs Group downgraded agilon health from a "buy" rating to a "neutral" rating and set a $14.00 price target for the company. in a research note on Monday, December 11th. Stifel Nicolaus cut their price target on agilon health from $10.00 to $9.00 and set a "hold" rating for the company in a research note on Thursday, February 22nd. TD Cowen downgraded agilon health from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $12.00 to $6.50 in a research note on Monday, February 26th. Leerink Partnrs downgraded agilon health from an "outperform" rating to a "market perform" rating in a research note on Monday, January 8th. Finally, SVB Leerink downgraded agilon health from an "outperform" rating to a "market perform" rating in a research note on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $9.73.

agilon health Stock Performance

The firm has a 50 day moving average of $5.95 and a 200-day moving average of $10.68. The stock has a market capitalization of $2.12 billion, a PE ratio of -7.98 and a beta of 0.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.51 and a current ratio of 1.51.

agilon health (NYSE:AGL - Get Free Report) last issued its 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 return on equity of 21.74% and a negative net margin of 5.76%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company earned ($0.14) earnings per share. The business's revenue for the quarter was up 71.8% on a year-over-year basis. Research analysts forecast that agilon health, inc. will post -0.35 earnings per share for the current year.

Institutional Trading of agilon health

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in agilon health by 48.1% in the second quarter. BlackRock Inc. now owns 12,916,511 shares of the company's stock worth $223,972,000 after purchasing an additional 4,194,593 shares in the last quarter. Capital World Investors raised its position in shares of agilon health by 7.4% during the fourth quarter. Capital World Investors now owns 55,218,496 shares of the company's stock worth $692,992,000 after acquiring an additional 3,813,214 shares during the last quarter. Morgan Stanley raised its position in shares of agilon health by 8.9% during the third quarter. Morgan Stanley now owns 44,819,378 shares of the company's stock worth $795,992,000 after acquiring an additional 3,674,311 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of agilon health by 46.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,139,886 shares of the company's stock worth $127,256,000 after acquiring an additional 3,195,087 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of agilon health by 8.3% during the third quarter. Wellington Management Group LLP now owns 41,318,777 shares of the company's stock worth $733,821,000 after acquiring an additional 3,162,094 shares during the last quarter.

About agilon health

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.