agilon health (NYSE:AGL) Shares Up 7.7% – Time to Buy?

agilon health, inc. (NYSE:AGL)’s share price shot up 7.7% on Wednesday . The stock traded as high as $3.73 and last traded at $3.71. 2,453,323 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 5,095,948 shares. The stock had previously closed at $3.44.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AGL. Stifel Nicolaus lowered their target price on agilon health from $7.00 to $2.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. Citigroup raised agilon health from a “sell” rating to a “neutral” rating and increased their price objective for the company from $1.75 to $2.25 in a research note on Friday, January 10th. Macquarie started coverage on agilon health in a research note on Monday, December 16th. They set a “neutral” rating and a $3.00 price objective on the stock. Sanford C. Bernstein increased their price objective on agilon health from $2.50 to $3.15 and gave the company a “market perform” rating in a research note on Wednesday, January 15th. Finally, William Blair lowered agilon health from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $4.03.

agilon health Trading Down 2.6 %

The company has a market capitalization of $1.45 billion, a PE ratio of -3.75 and a beta of 0.67. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.29. The business has a fifty day moving average price of $2.82 and a 200 day moving average price of $3.11.

Insider Activity at agilon health

In other agilon health news, Director Diana Mckenzie acquired 12,500 shares of the company’s stock in a transaction on Monday, November 25th. The shares were bought at an average cost of $2.28 per share, for a total transaction of $28,500.00. Following the acquisition, the director now directly owns 51,319 shares of the company’s stock, valued at $117,007.32. This trade represents a 32.20 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John William Wulf acquired 45,000 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were acquired at an average price of $2.18 per share, for a total transaction of $98,100.00. Following the completion of the acquisition, the director now directly owns 206,133 shares in the company, valued at $449,369.94. The trade was a 27.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 90,000 shares of company stock worth $198,100. 3.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Oak Thistle LLC acquired a new position in shares of agilon health in the 4th quarter worth approximately $25,000. Ieq Capital LLC acquired a new position in shares of agilon health in the 4th quarter worth approximately $26,000. Signaturefd LLC grew its position in shares of agilon health by 143.0% in the 4th quarter. Signaturefd LLC now owns 14,388 shares of the company’s stock worth $27,000 after acquiring an additional 8,467 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of agilon health in the 3rd quarter worth approximately $28,000. Finally, Humankind Investments LLC acquired a new position in shares of agilon health in the 4th quarter worth approximately $30,000.

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.