DocGo (NASDAQ:DCGO) Issues Quarterly Earnings Results

DocGo (NASDAQ:DCGO) posted its quarterly earnings data on Monday. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02), Zacks reports. DocGo had a negative return on equity of 3.26% and a negative net margin of 4.20%. DocGo updated its FY 2025 guidance to EPS.

DocGo Price Performance

Shares of NASDAQ DCGO remained flat at $1.11 during midday trading on Monday. 2,058,545 shares of the stock were exchanged, compared to its average volume of 1,120,201. The stock’s 50-day simple moving average is $1.33 and its 200 day simple moving average is $1.50. The stock has a market capitalization of $108.57 million, a P/E ratio of -5.84 and a beta of 0.93. DocGo has a 1-year low of $1.01 and a 1-year high of $5.68.

Analysts Set New Price Targets

DCGO has been the subject of several recent research reports. Zacks Research raised DocGo from a “strong sell” rating to a “hold” rating in a report on Thursday. Weiss Ratings reiterated a “sell (d)” rating on shares of DocGo in a research note on Wednesday, October 8th. Finally, Canaccord Genuity Group boosted their target price on DocGo from $1.45 to $1.60 and gave the stock a “hold” rating in a research report on Thursday, August 21st. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $3.24.

Institutional Trading of DocGo

Several hedge funds and other institutional investors have recently bought and sold shares of DCGO. AQR Capital Management LLC raised its holdings in DocGo by 219.1% in the 1st quarter. AQR Capital Management LLC now owns 476,645 shares of the company’s stock valued at $1,258,000 after acquiring an additional 327,269 shares during the last quarter. Jane Street Group LLC lifted its position in DocGo by 18.8% during the first quarter. Jane Street Group LLC now owns 85,442 shares of the company’s stock worth $226,000 after buying an additional 13,505 shares during the period. Acadian Asset Management LLC purchased a new stake in DocGo in the 1st quarter valued at about $338,000. Strs Ohio acquired a new position in shares of DocGo during the 1st quarter valued at about $76,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of DocGo by 16.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 290,354 shares of the company’s stock worth $456,000 after acquiring an additional 41,679 shares during the period. 56.44% of the stock is 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.