agilon health (NYSE:AGL) Shares Gap Up – Should You Buy?

agilon health, inc. (NYSE:AGL) gapped up before the market opened on Friday . The stock had previously closed at $3.82, but opened at $3.99. agilon health shares last traded at $3.91, with a volume of 737,035 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AGL. Stifel Nicolaus upped their target price on agilon health from $2.00 to $3.00 and gave the stock a “hold” rating in a research report on Wednesday, February 26th. Royal Bank of Canada upped their price objective on agilon health from $3.00 to $3.50 and gave the company an “outperform” rating in a report on Wednesday, February 26th. TD Cowen lifted their target price on agilon health from $3.50 to $6.00 and gave the stock a “hold” rating in a report on Tuesday, April 15th. Cowen restated a “hold” rating on shares of agilon health in a research report on Tuesday, April 15th. Finally, Citigroup upgraded shares of agilon health from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $3.25 to $5.00 in a report on Friday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $4.81.

agilon health Stock Performance

The firm’s 50-day simple moving average is $4.19 and its two-hundred day simple moving average is $3.14. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.61 billion, a PE ratio of -4.14 and a beta of 0.38.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Oak Thistle LLC acquired a new position in shares of agilon health in the 4th quarter valued at about $25,000. Ieq Capital LLC purchased a new position in agilon health during the fourth quarter valued at approximately $26,000. Signaturefd LLC increased its stake in agilon health by 143.0% in the 4th quarter. Signaturefd LLC now owns 14,388 shares of the company’s stock valued at $27,000 after buying an additional 8,467 shares during the period. Humankind Investments LLC purchased a new stake in agilon health in the 4th quarter worth approximately $30,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of agilon health during the 4th quarter valued at $33,000.

agilon health Company Profile

agilon health, inc. provides healthcare services for seniors through primary care physicians in the communities of the United States. It offers a platform that manages the total healthcare needs of the patients by subscription-like per-member per-month. The company was formerly known as Agilon Health Topco, Inc and changed its name to agilon health, inc.