DocGo (NASDAQ:DCGO) Price Target Lowered to $1.50 at Canaccord Genuity Group

DocGo (NASDAQ:DCGO) had its target price reduced by Canaccord Genuity Group from $1.60 to $1.50 in a report issued on Wednesday morning, Marketbeat reports. They currently have a hold rating on the stock.

DCGO has been the topic of several other research reports. Zacks Research raised DocGo from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DocGo in a research report on Wednesday, October 8th. Two investment 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’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $3.21.

DocGo Stock Down 1.4%

Shares of NASDAQ DCGO opened at $1.09 on Wednesday. DocGo has a twelve month low of $0.97 and a twelve month high of $5.68. The firm has a market cap of $106.12 million, a PE ratio of -2.09 and a beta of 0.93. The business has a fifty day simple moving average of $1.30 and a two-hundred day simple moving average of $1.49.

DocGo (NASDAQ:DCGO) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.02). The firm had revenue of $70.81 million for the quarter, compared to analysts’ expectations of $69.96 million. DocGo had a negative net margin of 14.02% and a negative return on equity of 9.11%. DocGo has set its FY 2025 guidance at EPS. On average, research analysts expect that DocGo will post 0.25 earnings per share for the current year.

Institutional Investors Weigh In On DocGo

Institutional investors have recently added to or reduced their stakes in the business. Jefferies Financial Group Inc. grew its stake in shares of DocGo by 6,874.1% during the first quarter. Jefferies Financial Group Inc. now owns 2,029,456 shares of the company’s stock worth $5,358,000 after acquiring an additional 2,000,356 shares during the last quarter. P.A.W. Capital Corp lifted its position in DocGo by 60.0% during the 2nd quarter. P.A.W. Capital Corp now owns 3,200,000 shares of the company’s stock worth $5,024,000 after acquiring an additional 1,200,000 shares during the period. S Squared Technology LLC grew its stake in DocGo by 52.2% during the 2nd quarter. S Squared Technology LLC now owns 2,878,286 shares of the company’s stock valued at $4,519,000 after purchasing an additional 987,310 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of DocGo by 175.5% in the first quarter. American Century Companies Inc. now owns 1,245,894 shares of the company’s stock valued at $3,289,000 after purchasing an additional 793,640 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of DocGo by 219.1% in the first quarter. AQR Capital Management LLC now owns 476,645 shares of the company’s stock worth $1,258,000 after purchasing an additional 327,269 shares during the last quarter. Institutional investors and hedge funds 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.