Brokerages Set DocGo Inc. (NASDAQ:DCGO) Target Price at $3.21

Shares of DocGo Inc. (NASDAQ:DCGO) have been given an average recommendation of “Hold” by the seven research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $3.2125.

A number of research firms recently issued reports on DCGO. Canaccord Genuity Group decreased their price target on shares of DocGo from $1.60 to $1.50 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Weiss Ratings restated a “sell (d-)” rating on shares of DocGo in a research report on Monday. Finally, Zacks Research raised shares of DocGo from a “strong sell” rating to a “hold” rating in a report on Thursday, November 6th.

Hedge Funds Weigh In On DocGo

Several large investors have recently modified their holdings of the stock. Voleon Capital Management LP bought a new position in shares of DocGo in the third quarter worth about $195,000. Millennium Management LLC boosted its position in DocGo by 878.6% in the 3rd quarter. Millennium Management LLC now owns 766,210 shares of the company’s stock valued at $1,042,000 after buying an additional 687,911 shares during the period. Bridgeway Capital Management LLC grew its stake in DocGo by 3.6% in the 3rd quarter. Bridgeway Capital Management LLC now owns 370,699 shares of the company’s stock worth $504,000 after acquiring an additional 12,942 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of DocGo by 411.3% during the third quarter. BNP Paribas Financial Markets now owns 81,482 shares of the company’s stock worth $111,000 after acquiring an additional 65,545 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of DocGo by 8.0% during the third quarter. Franklin Resources Inc. now owns 547,346 shares of the company’s stock valued at $744,000 after acquiring an additional 40,644 shares in the last quarter. Institutional investors own 56.44% of the company’s stock.

DocGo Stock Performance

Shares of NASDAQ:DCGO opened at $1.05 on Friday. The firm has a market cap of $102.70 million, a price-to-earnings ratio of -2.02 and a beta of 0.93. The firm has a fifty day moving average price of $1.14 and a 200 day moving average price of $1.38. DocGo has a fifty-two week low of $0.87 and a fifty-two week high of $5.68.

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 company had revenue of $70.81 million during the quarter, compared to analysts’ expectations of $69.96 million. DocGo had a negative return on equity of 9.11% and a negative net margin of 14.02%. As a group, research analysts predict that DocGo will post 0.25 earnings per share for the current year.

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.