DocGo Inc. (NASDAQ:DCGO) Receives $2.38 Consensus Price Target from Brokerages

Shares of DocGo Inc. (NASDAQ:DCGO) have earned an average recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $2.3750.

DCGO has been the topic of several recent analyst reports. Stifel Nicolaus dropped their target price on shares of DocGo from $4.00 to $2.50 and set a “buy” rating on the stock in a report on Tuesday, March 17th. Weiss Ratings reiterated a “sell (e+)” rating on shares of DocGo in a report on Thursday. Cantor Fitzgerald reiterated an “overweight” rating on shares of DocGo in a report on Monday, May 11th. Needham & Company LLC reiterated a “buy” rating and issued a $3.00 target price on shares of DocGo in a report on Tuesday, March 17th. Finally, Canaccord Genuity Group dropped their target price on shares of DocGo from $1.50 to $1.00 and set a “hold” rating on the stock in a report on Wednesday, March 25th.

Institutional Trading of DocGo

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new position in DocGo in the fourth quarter valued at about $40,000. Squarepoint Ops LLC raised its stake in shares of DocGo by 246.3% in the fourth quarter. Squarepoint Ops LLC now owns 94,511 shares of the company’s stock worth $83,000 after acquiring an additional 67,216 shares during the last quarter. Neuberger Berman Group LLC bought a new position in shares of DocGo in the fourth quarter worth about $29,000. Wells Fargo & Company MN raised its stake in shares of DocGo by 44.3% in the fourth quarter. Wells Fargo & Company MN now owns 100,811 shares of the company’s stock worth $88,000 after acquiring an additional 30,957 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new position in shares of DocGo in the second quarter worth about $52,000. 56.44% of the stock is currently owned by institutional investors and hedge funds.

DocGo Price Performance

Shares of DCGO opened at $0.53 on Thursday. The company has a market capitalization of $52.67 million, a PE ratio of -0.28 and a beta of 1.00. DocGo has a one year low of $0.49 and a one year high of $1.78. The company’s fifty day moving average price is $0.61 and its 200 day moving average price is $0.72.

DocGo (NASDAQ:DCGO) last announced its earnings results on Monday, May 11th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.10). The firm had revenue of $75.55 million during the quarter, compared to the consensus estimate of $72.48 million. DocGo had a negative return on equity of 44.09% and a negative net margin of 62.23%. Analysts anticipate that DocGo will post -0.12 earnings per share for the current year.

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.