DocGo’s (DCGO) “Buy” Rating Reiterated at Needham & Company LLC

DocGo (NASDAQ:DCGO)‘s stock had its “buy” rating restated by Needham & Company LLC in a report issued on Thursday,Benzinga reports. They presently have a $7.00 price target on the stock. Needham & Company LLC’s target price would indicate a potential upside of 67.46% from the company’s previous close.

Separately, Cantor Fitzgerald reissued an “overweight” rating and issued a $5.00 price objective on shares of DocGo in a report on Friday, September 20th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, DocGo presently has an average rating of “Buy” and a consensus target price of $6.10.

DocGo Stock Up 2.2 %

DocGo stock opened at $4.18 on Thursday. DocGo has a 52-week low of $2.75 and a 52-week high of $4.86. The firm has a market capitalization of $426.57 million, a price-to-earnings ratio of 14.93, a PEG ratio of 11.49 and a beta of 0.97. The firm has a 50-day moving average price of $4.21 and a two-hundred day moving average price of $3.68.

Insider Activity at DocGo

In other DocGo news, General Counsel Ely D. Tendler sold 23,088 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $4.44, for a total value of $102,510.72. Following the completion of the sale, the general counsel now directly owns 175,645 shares of the company’s stock, valued at approximately $779,863.80. This represents a 11.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.70% of the company’s stock.

Institutional Trading of DocGo

A number of large investors have recently added to or reduced their stakes in the business. Centiva Capital LP bought a new position in shares of DocGo in the third quarter valued at $43,000. Intech Investment Management LLC purchased a new position in DocGo in the 3rd quarter worth about $62,000. Victory Capital Management Inc. raised its holdings in DocGo by 124.0% during the 2nd quarter. Victory Capital Management Inc. now owns 25,635 shares of the company’s stock worth $79,000 after buying an additional 14,191 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of DocGo by 31.6% in the second quarter. The Manufacturers Life Insurance Company now owns 40,401 shares of the company’s stock worth $125,000 after buying an additional 9,696 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of DocGo by 97.5% in the third quarter. SG Americas Securities LLC now owns 38,147 shares of the company’s stock worth $127,000 after buying an additional 18,835 shares during the period. 56.44% of the stock is currently owned by institutional investors.

About DocGo

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.