DocGo Inc. (NASDAQ:DCGO) Stake Raised by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its holdings in shares of DocGo Inc. (NASDAQ:DCGO) by 37.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,331,928 shares of the company’s stock after acquiring an additional 363,391 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 1.31% of DocGo worth $5,647,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Marathon Capital Management grew its position in DocGo by 2.3% during the second quarter. Marathon Capital Management now owns 277,100 shares of the company’s stock valued at $856,000 after purchasing an additional 6,285 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of DocGo by 31.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,401 shares of the company’s stock valued at $125,000 after acquiring an additional 9,696 shares in the last quarter. Centiva Capital LP acquired a new position in shares of DocGo in the third quarter worth $43,000. Victory Capital Management Inc. raised its holdings in shares of DocGo by 124.0% during the second quarter. Victory Capital Management Inc. now owns 25,635 shares of the company’s stock worth $79,000 after acquiring an additional 14,191 shares in the last quarter. Finally, WCM Investment Management LLC boosted its position in DocGo by 0.6% during the third quarter. WCM Investment Management LLC now owns 2,626,971 shares of the company’s stock valued at $8,879,000 after purchasing an additional 15,933 shares during the last quarter. Institutional investors and hedge funds own 56.44% of the company’s stock.

Insiders Place Their Bets

In related news, General Counsel Ely D. Tendler sold 23,088 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $4.44, for a total value of $102,510.72. Following the transaction, the general counsel now directly owns 175,645 shares of the company’s stock, valued at approximately $779,863.80. This trade represents a 11.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.70% of the company’s stock.

DocGo Trading Down 4.0 %

Shares of NASDAQ:DCGO opened at $4.08 on Friday. The stock has a market capitalization of $416.37 million, a PE ratio of 14.57, a P/E/G ratio of 3.94 and a beta of 0.97. DocGo Inc. has a 1 year low of $2.75 and a 1 year high of $4.86. The firm has a fifty day moving average price of $4.17 and a 200 day moving average price of $3.64.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $5.00 price target on shares of DocGo in a research note on Friday, September 20th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, DocGo presently has an average rating of “Buy” and an average price target of $6.10.

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.