DocGo (NASDAQ:DCGO) Raised to Hold at Zacks Research

DocGo (NASDAQ:DCGO) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

DCGO has been the topic of several other research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of DocGo in a report on Wednesday, October 8th. Canaccord Genuity Group raised their target price on shares of DocGo from $1.45 to $1.60 and gave the stock a “hold” rating in a report on Thursday, August 21st. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $3.24.

DocGo Stock Up 3.7%

Shares of DCGO traded up $0.04 during trading hours on Thursday, reaching $1.11. The stock had a trading volume of 1,015,397 shares, compared to its average volume of 4,267,233. The company has a market cap of $108.57 million, a P/E ratio of -5.84 and a beta of 0.93. DocGo has a 52 week low of $1.01 and a 52 week high of $5.68. The firm has a 50-day moving average of $1.33 and a 200 day moving average of $1.51.

DocGo (NASDAQ:DCGO) last posted its earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share (EPS) 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 business had revenue of $80.42 million during the quarter, compared to analyst estimates of $77.58 million. As a group, equities analysts expect that DocGo will post 0.25 earnings per share for the current year.

Institutional Investors Weigh In On DocGo

Several institutional investors have recently bought and sold shares of DCGO. Summit Securities Group LLC bought a new position in shares of DocGo during the 1st quarter worth approximately $34,000. CWM LLC lifted its position in shares of DocGo by 2,613.3% in the second quarter. CWM LLC now owns 21,978 shares of the company’s stock worth $35,000 after purchasing an additional 21,168 shares in the last quarter. Cerity Partners LLC acquired a new position in DocGo during the second quarter worth $37,000. Strs Ohio bought a new position in DocGo in the first quarter valued at $76,000. Finally, Engineers Gate Manager LP bought a new position in DocGo in the second quarter valued at $52,000. Institutional investors own 56.44% of the company’s stock.

DocGo Company Profile

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.