agilon health (NYSE:AGL) Hits New 12-Month Low – What’s Next?

agilon health, inc. (NYSE:AGL)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $2.43 and last traded at $2.43, with a volume of 39526 shares. The stock had previously closed at $2.52.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AGL shares. Evercore ISI cut their target price on shares of agilon health from $7.00 to $4.00 and set an “in-line” rating for the company in a research report on Tuesday, October 8th. Benchmark reiterated a “buy” rating and set a $9.00 price objective on shares of agilon health in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their target price on agilon health from $5.00 to $4.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $8.00 target price on shares of agilon health in a research note on Wednesday, August 7th. Finally, Citigroup restated a “sell” rating and issued a $2.50 price objective (down from $7.00) on shares of agilon health in a report on Tuesday. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $7.81.

agilon health Stock Up 3.9 %

The company has a debt-to-equity ratio of 0.04, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market capitalization of $1.05 billion, a PE ratio of -3.50 and a beta of 0.54. The company has a 50 day moving average price of $3.46 and a 200-day moving average price of $5.07.

agilon health (NYSE:AGL) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.07). The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.56 billion. agilon health had a negative net margin of 5.57% and a negative return on equity of 29.91%. The company’s quarterly revenue was up 38.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.04) EPS. As a group, analysts forecast that agilon health, inc. will post -0.32 earnings per share for the current fiscal year.

Insider Activity at agilon health

In other news, CEO Steven Sell acquired 20,000 shares of the stock in a transaction on Thursday, September 12th. The stock was acquired at an average price of $3.36 per share, with a total value of $67,200.00. Following the completion of the transaction, the chief executive officer now owns 67,590 shares of the company’s stock, valued at $227,102.40. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.20% of the stock is currently owned by corporate insiders.

Institutional Trading of agilon health

A number of hedge funds have recently made changes to their positions in AGL. J.Safra Asset Management Corp raised its stake in agilon health by 626.1% during the second quarter. J.Safra Asset Management Corp now owns 4,204 shares of the company’s stock valued at $27,000 after buying an additional 3,625 shares during the last quarter. CWM LLC raised its position in shares of agilon health by 406.5% in the 2nd quarter. CWM LLC now owns 9,081 shares of the company’s stock worth $59,000 after purchasing an additional 7,288 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in agilon health in the 2nd quarter worth about $60,000. Bleakley Financial Group LLC purchased a new stake in agilon health during the 1st quarter valued at about $65,000. Finally, Allspring Global Investments Holdings LLC increased its stake in agilon health by 17,790.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 10,734 shares of the company’s stock valued at $70,000 after purchasing an additional 10,674 shares in the last quarter.

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.