DocGo Inc. (NASDAQ:DCGO) Stake Lowered by 1492 Capital Management LLC

1492 Capital Management LLC trimmed its position in shares of DocGo Inc. (NASDAQ:DCGO) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 847,479 shares of the company’s stock after selling 5,833 shares during the period. DocGo comprises approximately 1.7% of 1492 Capital Management LLC’s portfolio, making the stock its 20th biggest holding. 1492 Capital Management LLC owned about 0.83% of DocGo worth $3,593,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of DCGO. State Street Corp lifted its stake in DocGo by 4.9% in the third quarter. State Street Corp now owns 1,928,972 shares of the company’s stock valued at $6,404,000 after acquiring an additional 90,438 shares during the last quarter. Barclays PLC raised its holdings in shares of DocGo by 279.7% during the 3rd quarter. Barclays PLC now owns 134,923 shares of the company’s stock valued at $447,000 after purchasing an additional 99,387 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of DocGo by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,252,516 shares of the company’s stock valued at $7,480,000 after purchasing an additional 39,016 shares during the last quarter. Franklin Resources Inc. boosted its holdings in DocGo by 11.6% in the third quarter. Franklin Resources Inc. now owns 1,199,086 shares of the company’s stock worth $3,933,000 after purchasing an additional 124,348 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in DocGo by 151.1% in the third quarter. JPMorgan Chase & Co. now owns 109,855 shares of the company’s stock worth $365,000 after purchasing an additional 66,097 shares in the last quarter. Institutional investors and hedge funds own 56.44% of the company’s stock.

DocGo Stock Performance

DocGo stock opened at $2.12 on Friday. DocGo Inc. has a 52 week low of $2.10 and a 52 week high of $5.68. The firm has a market capitalization of $216.20 million, a PE ratio of 7.57, a PEG ratio of 14.16 and a beta of 1.12. The business’s 50-day simple moving average is $3.36 and its 200-day simple moving average is $3.81.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $4.00 price target on shares of DocGo in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft downgraded DocGo from a “buy” rating to a “hold” rating and cut their price objective for the company from $5.00 to $2.85 in a research note on Friday, February 28th. Finally, Stifel Nicolaus decreased their target price on DocGo from $6.50 to $5.50 and set a “buy” rating for the company in a research report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4.89.

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.