agilon health (NYSE:AGL) Shares Gap Up – Time to Buy?

agilon health, inc. (NYSE:AGL)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $2.73, but opened at $3.05. agilon health shares last traded at $2.96, with a volume of 367,974 shares traded.

Analyst Ratings Changes

Several analysts have commented on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $8.00 target price on shares of agilon health in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of agilon health from $5.00 to $4.00 and set a “hold” rating for the company in a report on Friday, August 9th. Bank of America lowered agilon health from a “buy” rating to an “underperform” rating and set a $3.00 target price on the stock. in a report on Wednesday, October 2nd. Citigroup reiterated a “sell” rating and set a $2.50 price target (down previously from $7.00) on shares of agilon health in a research note on Tuesday, October 29th. Finally, Benchmark reissued a “buy” rating and issued a $9.00 price objective on shares of agilon health in a research note on Thursday, August 8th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $7.81.

agilon health Price Performance

The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.04. The stock’s 50-day moving average price is $3.36 and its 200 day moving average price is $5.03. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of -3.97 and a beta of 0.60.

agilon health (NYSE:AGL) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). agilon health had a negative return on equity of 29.91% and a negative net margin of 5.57%. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the prior year, the firm posted ($0.04) EPS. The company’s revenue for the quarter was up 38.7% on a year-over-year basis. Equities research analysts predict that agilon health, inc. will post -0.32 earnings per share for the current year.

Insider Activity

In other agilon health news, CEO Steven Sell purchased 20,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was purchased at an average price of $3.36 per share, for a total transaction of $67,200.00. Following the completion of the purchase, the chief executive officer now directly owns 67,590 shares in the company, valued at approximately $227,102.40. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On agilon health

Several large investors have recently made changes to their positions in AGL. Simplify Asset Management Inc. boosted its position in agilon health by 67.5% in the third quarter. Simplify Asset Management Inc. now owns 168,696 shares of the company’s stock valued at $663,000 after buying an additional 67,968 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of agilon health in the third quarter valued at approximately $79,000. Los Angeles Capital Management LLC acquired a new position in shares of agilon health in the 3rd quarter worth approximately $513,000. City State Bank bought a new stake in agilon health during the 3rd quarter worth approximately $52,000. Finally, Inspire Investing LLC acquired a new stake in agilon health during the 3rd quarter valued at $414,000.

About agilon health

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.