DocGo Inc. (DCGO) – What Are Analysts Saying About This Stock?

DocGo Inc. (NASDAQ:DCGO) has been given an average rating of “Hold” by the four ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $1.50.

A number of equities analysts recently commented on the stock. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $1.00 price objective on shares of DocGo in a research note on Tuesday, August 18th. Needham & Company LLC lowered their price objective on shares of DocGo to $1.00 and set a “buy” rating on the stock in a research report on Tuesday, November 10th. Finally, Weiss Ratings downgraded shares of DocGo from a “sell (e+)” rating to a “sell (e)” rating in a research note on Tuesday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Empowered Funds LLC bought a new position in shares of DocGo in the 2nd quarter valued at approximately $79,000. S Squared Technology LLC bought a new stake in DocGo during the second quarter worth approximately $1,060,725. Ieq Capital LLC bought a new stake in DocGo during the second quarter worth approximately $126,000. Diversify Advisory Services LLC bought a new stake in DocGo during the second quarter worth approximately $53,000. Finally, BlackRock Inc. acquired a new position in DocGo during the second quarter valued at approximately $750,000. Hedge funds and other institutional investors own 56.44% of the company’s stock.

DocGo Stock Down 7.7%

DCGO stock traded down $0.02 during mid-day trading on Friday, reaching $0.21. The company had a trading volume of 789,471 shares, compared to its average volume of 774,064. The stock has a market capitalization of $20.54 million, a P/E ratio of -0.11 and a beta of 1.03. DocGo has a one year low of $0.21 and a one year high of $1.10. The stock’s 50-day simple moving average is $0.31 and its two-hundred day simple moving average is $0.54.

DocGo (NASDAQ:DCGO) last announced its quarterly earnings results on Monday, November 9th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.06). The business had revenue of $73.43 million for the quarter, compared to analyst estimates of $76.96 million. DocGo had a negative return on equity of 63.66% and a negative net margin of 60.96%. On average, research analysts forecast that DocGo will post -0.41 EPS for the current fiscal year.

About DocGo

DocGo Inc. is a healthcare services company that delivers medical care and patient transportation outside traditional healthcare facilities. Its services include mobile healthcare programs, in-home and community-based care, and ambulance transportation. The company uses a technology platform to coordinate clinicians, emergency medical technicians and other healthcare professionals. Its mobile services support healthcare providers, government agencies and other organizations seeking to deliver care in homes and community settings.