DocGo (NASDAQ:DCGO) Hits New 52-Week High – Should You Buy?

DocGo Inc. (NASDAQ:DCGO) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $5.62 and last traded at $5.60, with a volume of 89921 shares traded. The stock had previously closed at $5.54.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $7.00 target price on shares of DocGo in a research note on Thursday, January 16th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, DocGo currently has an average rating of “Buy” and a consensus price target of $6.10.

DocGo Stock Down 8.7 %

The company has a market capitalization of $513.31 million, a PE ratio of 17.96, a PEG ratio of 15.77 and a beta of 1.00. The company’s 50 day moving average is $4.60 and its two-hundred day moving average is $3.98.

Insider Activity at DocGo

In other DocGo news, General Counsel Ely D. Tendler sold 23,088 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $4.44, for a total transaction of $102,510.72. Following the completion of the transaction, the general counsel now owns 175,645 shares in the company, valued at $779,863.80. This trade represents a 11.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On DocGo

Several institutional investors have recently bought and sold shares of DCGO. SG Americas Securities LLC lifted its position in DocGo by 97.5% during the third quarter. SG Americas Securities LLC now owns 38,147 shares of the company’s stock valued at $127,000 after purchasing an additional 18,835 shares during the last quarter. P.A.W. Capital Corp lifted its position in DocGo by 1.9% during the third quarter. P.A.W. Capital Corp now owns 1,630,000 shares of the company’s stock valued at $5,412,000 after purchasing an additional 30,000 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in DocGo by 144.6% during the third quarter. Harbor Capital Advisors Inc. now owns 968,537 shares of the company’s stock valued at $3,216,000 after purchasing an additional 572,522 shares during the last quarter. WCM Investment Management LLC lifted its position in DocGo by 0.6% during the third quarter. WCM Investment Management LLC now owns 2,626,971 shares of the company’s stock valued at $8,879,000 after purchasing an additional 15,933 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its position in DocGo by 19.7% during the third quarter. GSA Capital Partners LLP now owns 445,805 shares of the company’s stock valued at $1,480,000 after purchasing an additional 73,456 shares during the last quarter. Institutional investors 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.