Weiss Ratings Reiterates "Sell (D)" Rating for DocGo (NASDAQ:DCGO)

Key Points

• Weiss Ratings has maintained a "Sell (D)" rating for DocGo (NASDAQ:DCGO), with Zacks Research recently downgrading their stance from "Hold" to "Strong Sell."
• DocGo reported a quarterly revenue of $80.42 million, exceeding analyst expectations, but missed earnings per share estimates at ($0.11).
• The stock's current average price target is $3.24, while it has experienced a 1-year price range between $1.12 and $5.68.

DocGo (NASDAQ:DCGO - Get Free Report)'s stock had its "sell (d)" rating reissued by equities researchers at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

DCGO has been the subject of several other reports. Zacks Research cut DocGo from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 7th. Canaccord Genuity Group boosted their price target on DocGo from $1.45 to $1.60 and gave the stock a "hold" rating in a research report on Thursday, August 21st. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $3.24.

DocGo Price Performance

Shares of DCGO stock opened at $1.18 on Friday. The company has a market cap of $115.42 million, a price-to-earnings ratio of -6.21 and a beta of 0.95. The stock has a 50 day simple moving average of $1.44 and a 200-day simple moving average of $1.61. DocGo has a 1-year low of $1.12 and a 1-year high of $5.68.

DocGo (NASDAQ:DCGO - Get Free Report) last announced its earnings results 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 for 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. Analysts anticipate that DocGo will post 0.25 earnings per share for the current fiscal year.

Institutional Trading of DocGo

Several large investors have recently made changes to their positions in the company. Summit Securities Group LLC purchased a new stake in DocGo in the 1st quarter valued at $34,000. CWM LLC grew its holdings in DocGo by 2,613.3% in the 2nd quarter. CWM LLC now owns 21,978 shares of the company's stock valued at $35,000 after buying an additional 21,168 shares in the last quarter. Cerity Partners LLC purchased a new stake in DocGo in the 2nd quarter valued at $37,000. Engineers Gate Manager LP purchased a new stake in DocGo in the 2nd quarter valued at $52,000. Finally, Strs Ohio purchased a new stake in DocGo in the 1st quarter valued at $76,000. 56.44% of the stock is currently owned by hedge funds and other institutional investors.

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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