Zacks Research Upgrades DocGo (NASDAQ:DCGO) to Hold

DocGo (NASDAQ:DCGO) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

A number of other research analysts have also recently weighed in on the company. Canaccord Genuity Group raised their price target on DocGo from $1.45 to $1.60 and gave the company a “hold” rating in a research report on Thursday, August 21st. Weiss Ratings reissued a “sell (d)” rating on shares of DocGo in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $3.24.

DocGo Price Performance

Shares of DCGO stock opened at $1.11 on Thursday. DocGo has a 1-year low of $1.01 and a 1-year high of $5.68. The firm has a market capitalization of $108.57 million, a PE ratio of -5.84 and a beta of 0.93. The business’s fifty day moving average price is $1.33 and its 200 day moving average price is $1.51.

DocGo (NASDAQ:DCGO) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.05). The company had revenue of $80.42 million for the quarter, compared to analysts’ expectations of $77.58 million. DocGo had a negative return on equity of 3.26% and a negative net margin of 4.20%. Equities research analysts expect that DocGo will post 0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DocGo

Several hedge funds have recently made changes to their positions in the business. P.A.W. Capital Corp boosted its holdings in DocGo by 60.0% in the second quarter. P.A.W. Capital Corp now owns 3,200,000 shares of the company’s stock valued at $5,024,000 after acquiring an additional 1,200,000 shares during the last quarter. S Squared Technology LLC lifted its position in DocGo by 52.2% in the 2nd quarter. S Squared Technology LLC now owns 2,878,286 shares of the company’s stock valued at $4,519,000 after purchasing an additional 987,310 shares during the last quarter. Punch & Associates Investment Management Inc. increased its stake in DocGo by 17.4% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 2,201,667 shares of the company’s stock valued at $5,812,000 after buying an additional 325,760 shares during the period. Jefferies Financial Group Inc. raised its holdings in shares of DocGo by 5.7% during the second quarter. Jefferies Financial Group Inc. now owns 2,144,456 shares of the company’s stock valued at $3,367,000 after acquiring an additional 115,000 shares during the period. Finally, American Century Companies Inc. grew its holdings in DocGo by 175.5% during the first quarter. American Century Companies Inc. now owns 1,245,894 shares of the company’s stock valued at $3,289,000 after purchasing an additional 793,640 shares during the last quarter. 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.