DocGo Inc. (NASDAQ:DCGO) Receives Average Rating of “Hold” from Analysts

DocGo Inc. (NASDAQ:DCGO) has been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $3.2375.

DCGO has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of DocGo in a report on Wednesday, October 8th. Canaccord Genuity Group lifted their price target on DocGo from $1.45 to $1.60 and gave the stock a “hold” rating in a report on Thursday, August 21st. Finally, Zacks Research lowered DocGo from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 7th.

DocGo Stock Down 1.0%

DCGO stock opened at $1.02 on Wednesday. DocGo has a twelve month low of $1.01 and a twelve month high of $5.68. The stock’s 50 day moving average is $1.36 and its 200-day moving average is $1.53. The firm has a market capitalization of $99.76 million, a PE ratio of -5.37 and a beta of 0.93.

DocGo (NASDAQ:DCGO) last posted its earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.05). DocGo had a negative net margin of 4.20% and a negative return on equity of 3.26%. The company had revenue of $80.42 million during the quarter, compared to the consensus estimate of $77.58 million. DocGo has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that DocGo will post 0.25 earnings per share for the current fiscal year.

Institutional Trading of DocGo

Large investors have recently added to or reduced their stakes in the stock. Summit Securities Group LLC purchased a new stake in DocGo during the first quarter worth about $34,000. CWM LLC raised its stake in shares of DocGo by 2,613.3% in the second quarter. CWM LLC now owns 21,978 shares of the company’s stock valued at $35,000 after buying an additional 21,168 shares during the period. Cerity Partners LLC bought a new stake in shares of DocGo in the second quarter valued at $37,000. Engineers Gate Manager LP bought a new stake in shares of DocGo in the second quarter valued at $52,000. Finally, Strs Ohio bought a new stake in shares of DocGo in the first quarter valued at $76,000. Hedge funds and other institutional investors own 56.44% of the company’s stock.

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.