Franklin Resources Inc. Acquires 171,733 Shares of DocGo Inc. (NASDAQ:DCGO)

Franklin Resources Inc. raised its holdings in DocGo Inc. (NASDAQ:DCGO) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,370,819 shares of the company’s stock after purchasing an additional 171,733 shares during the quarter. Franklin Resources Inc. owned approximately 1.34% of DocGo worth $5,812,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in DocGo by 151.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 109,855 shares of the company’s stock valued at $365,000 after purchasing an additional 66,097 shares during the last quarter. Matrix Asset Advisors Inc. NY acquired a new stake in shares of DocGo in the 4th quarter valued at $424,000. Rhumbline Advisers increased its stake in shares of DocGo by 4.5% in the 4th quarter. Rhumbline Advisers now owns 142,762 shares of the company’s stock valued at $605,000 after buying an additional 6,204 shares during the period. WCM Investment Management LLC increased its stake in shares of DocGo by 64.2% in the 4th quarter. WCM Investment Management LLC now owns 4,314,071 shares of the company’s stock valued at $18,637,000 after buying an additional 1,687,100 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in shares of DocGo by 37.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,331,928 shares of the company’s stock valued at $5,647,000 after buying an additional 363,391 shares during the period. Institutional investors own 56.44% of the company’s stock.

DocGo Stock Up 2.4 %

Shares of DocGo stock opened at $2.57 on Thursday. DocGo Inc. has a 12 month low of $2.39 and a 12 month high of $5.68. The business has a fifty day simple moving average of $3.62 and a 200 day simple moving average of $3.85. The stock has a market cap of $262.10 million, a PE ratio of 9.18, a price-to-earnings-growth ratio of 14.16 and a beta of 1.12.

Wall Street Analysts Forecast Growth

DCGO has been the subject of several research reports. Deutsche Bank Aktiengesellschaft cut DocGo from a “buy” rating to a “hold” rating and lowered their target price for the company from $5.00 to $2.85 in a research note on Friday, February 28th. Needham & Company LLC reissued a “buy” rating and issued a $4.00 target price on shares of DocGo in a research note on Tuesday. Finally, Stifel Nicolaus lowered their target price on DocGo from $6.50 to $5.50 and set a “buy” rating for the company in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $4.89.

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.