DocGo Inc. (NASDAQ:DCGO) Receives Consensus Recommendation of “Hold” from Analysts

DocGo Inc. (NASDAQ:DCGO) has been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $2.3750.

A number of equities research analysts have commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $3.00 price target on shares of DocGo in a research note on Tuesday, March 17th. Cantor Fitzgerald restated an “overweight” rating and set a $3.00 price objective on shares of DocGo in a report on Tuesday, March 17th. Canaccord Genuity Group lowered their target price on shares of DocGo from $1.50 to $1.00 and set a “hold” rating for the company in a research note on Wednesday, March 25th. Stifel Nicolaus dropped their target price on shares of DocGo from $4.00 to $2.50 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of DocGo in a report on Monday, December 29th.

DocGo Price Performance

DocGo stock opened at $0.57 on Friday. DocGo has a 1-year low of $0.55 and a 1-year high of $2.65. The business has a fifty day moving average price of $0.70 and a 200-day moving average price of $0.95. The stock has a market capitalization of $56.29 million, a price-to-earnings ratio of -0.31 and a beta of 0.98.

Hedge Funds Weigh In On DocGo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC acquired a new stake in DocGo during the 4th quarter worth $29,000. Cerity Partners LLC acquired a new position in DocGo in the 2nd quarter valued at about $37,000. Public Employees Retirement System of Ohio purchased a new stake in shares of DocGo in the 4th quarter valued at approximately $40,000. Engineers Gate Manager LP purchased a new stake in shares of DocGo in the 2nd quarter valued at approximately $52,000. Finally, Royce & Associates LP acquired a new stake in shares of DocGo during the 3rd quarter worth approximately $64,000. Hedge funds and other institutional investors own 56.44% of the company’s stock.

About DocGo

DocGo, Inc is a U.S.-based integrated healthcare company that delivers on-demand and mobile healthcare services. The company’s business model centers on deploying customized medical clinics paired with a digital care platform to bring primary and acute care directly to patients. Through a combination of telemedicine and over-the-road medical units, DocGo addresses routine medical exams, chronic disease management, occupational health screenings, specialist consultations and urgent care interventions.

In addition to its mobile clinic fleet, DocGo’s digital platform offers 24/7 virtual care, facilitating remote consultations via video, phone or secure messaging.