DocGo’s (DCGO) “Overweight” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of DocGo (NASDAQ:DCGO) in a research report report published on Tuesday morning,Benzinga reports. Cantor Fitzgerald currently has a $3.00 price objective on the stock.

Other equities analysts also recently issued reports about the stock. Weiss Ratings restated a “sell (d-)” rating on shares of DocGo in a research note on Monday, December 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 price target on shares of DocGo in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $2.50.

DocGo Trading Down 3.4%

NASDAQ DCGO opened at $0.66 on Tuesday. The stock has a market cap of $64.92 million, a PE ratio of -0.36 and a beta of 0.95. DocGo has a 12 month low of $0.60 and a 12 month high of $2.86. The company’s 50-day moving average price is $0.76 and its 200-day moving average price is $1.02.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC raised its holdings in shares of DocGo by 14.6% in the 4th quarter. Empowered Funds LLC now owns 138,306 shares of the company’s stock valued at $121,000 after purchasing an additional 17,607 shares in the last quarter. Boothbay Fund Management LLC boosted its stake in shares of DocGo by 39.0% during the fourth quarter. Boothbay Fund Management LLC now owns 200,947 shares of the company’s stock valued at $176,000 after purchasing an additional 56,413 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in shares of DocGo by 45.5% during the fourth quarter. Bridgeway Capital Management LLC now owns 539,306 shares of the company’s stock valued at $473,000 after purchasing an additional 168,607 shares in the last quarter. Jain Global LLC bought a new position in DocGo in the fourth quarter worth approximately $70,000. Finally, Public Employees Retirement System of Ohio bought a new position in DocGo in the fourth quarter worth approximately $40,000. Hedge funds and other institutional investors own 56.44% of the company’s stock.

About DocGo

DocGo, Inc is a U.S.-based integrated healthcare company that delivers on-demand and mobile healthcare services. The company’s business model centers on deploying customized medical clinics paired with a digital care platform to bring primary and acute care directly to patients. Through a combination of telemedicine and over-the-road medical units, DocGo addresses routine medical exams, chronic disease management, occupational health screenings, specialist consultations and urgent care interventions.

In addition to its mobile clinic fleet, DocGo’s digital platform offers 24/7 virtual care, facilitating remote consultations via video, phone or secure messaging.