agilon health (NYSE:AGL) Stock Price Down 5.3% – Should You Sell?

agilon health, inc. (NYSE:AGL) traded down 5.3% during mid-day trading on Thursday . The stock traded as low as $4.15 and last traded at $4.17. 1,123,403 shares were traded during trading, a decline of 80% from the average session volume of 5,738,973 shares. The stock had previously closed at $4.40.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AGL shares. Macquarie started coverage on agilon health in a report on Monday, December 16th. They issued a “neutral” rating and a $3.00 price target on the stock. Royal Bank of Canada upped their price target on shares of agilon health from $3.00 to $3.50 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Sanford C. Bernstein lifted their target price on agilon health from $2.50 to $3.15 and gave the company a “market perform” rating in a research report on Wednesday, January 15th. Stifel Nicolaus increased their price objective on shares of agilon health from $2.00 to $3.00 and gave the stock a “hold” rating in a research note on Wednesday, February 26th. Finally, Citigroup raised shares of agilon health from a “sell” rating to a “neutral” rating and raised their target price for the company from $1.75 to $2.25 in a research note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $3.95.

agilon health Stock Down 6.0 %

The stock has a market cap of $1.70 billion, a P/E ratio of -4.40 and a beta of 0.67. The firm has a 50-day simple moving average of $3.44 and a two-hundred day simple moving average of $2.94. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Oak Thistle LLC bought a new position in shares of agilon health in the fourth quarter worth $25,000. Ieq Capital LLC acquired a new position in agilon health during the 4th quarter worth approximately $26,000. Signaturefd LLC lifted its stake in shares of agilon health by 143.0% in the 4th quarter. Signaturefd LLC now owns 14,388 shares of the company’s stock valued at $27,000 after acquiring an additional 8,467 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of agilon health during the third quarter valued at about $28,000. Finally, Humankind Investments LLC acquired a new stake in agilon health during the 4th quarter worth approximately $30,000.

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.