DocGo Inc. (NASDAQ:DCGO) Receives $10.83 Consensus PT from Analysts

Shares of DocGo Inc. (NASDAQ:DCGO) have earned an average rating of “Buy” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $10.83.

A number of research analysts recently issued reports on DCGO shares. Canaccord Genuity Group decreased their target price on DocGo from $10.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Stifel Nicolaus decreased their price target on DocGo from $11.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Cantor Fitzgerald decreased their price target on DocGo from $13.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, February 29th. Needham & Company LLC decreased their price target on DocGo from $14.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, February 29th. Finally, BTIG Research decreased their price target on DocGo from $13.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, April 10th.

DocGo Trading Down 0.3 %

NASDAQ:DCGO opened at $3.50 on Friday. The firm has a market cap of $364.60 million, a PE ratio of 50.00, a price-to-earnings-growth ratio of 0.36 and a beta of 0.91. The stock has a fifty day moving average price of $3.72 and a 200 day moving average price of $4.61. DocGo has a 12-month low of $2.78 and a 12-month high of $10.82.

DocGo (NASDAQ:DCGO) last released its earnings results on Wednesday, February 28th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). The company had revenue of $199.25 million during the quarter, compared to analysts’ expectations of $195.48 million. DocGo had a net margin of 1.10% and a return on equity of 2.01%. Equities analysts forecast that DocGo will post 0.35 EPS for the current year.

Insider Transactions at DocGo

In other news, Director Michael J. Burdiek bought 10,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of $3.61 per share, for a total transaction of $36,100.00. Following the completion of the transaction, the director now owns 571,595 shares of the company’s stock, valued at $2,063,457.95. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 13.78% of the company’s stock.

Hedge Funds Weigh In On DocGo

Several institutional investors have recently added to or reduced their stakes in DCGO. Moody National Bank Trust Division increased its position in DocGo by 105.1% in the 3rd quarter. Moody National Bank Trust Division now owns 65,657 shares of the company’s stock valued at $350,000 after acquiring an additional 33,644 shares during the period. RFG Advisory LLC increased its position in DocGo by 155.8% in the 3rd quarter. RFG Advisory LLC now owns 49,676 shares of the company’s stock valued at $265,000 after acquiring an additional 30,255 shares during the period. Raymond James & Associates acquired a new position in DocGo in the 3rd quarter valued at about $802,000. Trellus Management Company LLC acquired a new position in DocGo in the 3rd quarter valued at about $190,000. Finally, Brown Advisory Inc. increased its position in DocGo by 4.6% in the 3rd quarter. Brown Advisory Inc. now owns 432,951 shares of the company’s stock valued at $2,308,000 after acquiring an additional 18,908 shares during the period. Institutional investors and hedge funds 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.