DocGo Inc. (NASDAQ:DCGO) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of DocGo Inc. (NASDAQ:DCGO) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $4.89.

DCGO has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of DocGo from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $5.00 to $2.85 in a research note on Friday, February 28th. Stifel Nicolaus cut their price target on shares of DocGo from $6.50 to $5.50 and set a “buy” rating on the stock in a report on Friday, February 28th. Finally, Needham & Company LLC decreased their price objective on shares of DocGo from $7.00 to $4.00 and set a “buy” rating for the company in a research note on Friday, February 28th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Jefferies Financial Group Inc. bought a new position in DocGo in the 4th quarter worth about $123,000. Mackenzie Financial Corp bought a new position in DocGo in the fourth quarter worth approximately $579,000. Squarepoint Ops LLC grew its stake in DocGo by 65.5% in the fourth quarter. Squarepoint Ops LLC now owns 66,260 shares of the company’s stock worth $281,000 after purchasing an additional 26,221 shares in the last quarter. State of Wyoming increased its holdings in DocGo by 55.1% during the 4th quarter. State of Wyoming now owns 159,033 shares of the company’s stock worth $674,000 after purchasing an additional 56,500 shares during the period. Finally, ProShare Advisors LLC raised its position in DocGo by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 28,641 shares of the company’s stock valued at $121,000 after purchasing an additional 9,425 shares in the last quarter. Hedge funds and other institutional investors own 56.44% of the company’s stock.

DocGo Stock Performance

Shares of DocGo stock opened at $2.64 on Tuesday. The stock has a 50 day moving average price of $4.00 and a 200-day moving average price of $3.91. DocGo has a one year low of $2.51 and a one year high of $5.68. The stock has a market cap of $269.24 million, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 14.16 and a beta of 1.08.

DocGo Company Profile

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.