DocGo Inc. (NASDAQ:DCGO) Given Average Recommendation of “Moderate Buy” by Analysts

DocGo Inc. (NASDAQ:DCGO) has received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $4.89.

DCGO has been the topic of several recent research reports. Stifel Nicolaus decreased their price target on shares of DocGo from $6.50 to $5.50 and set a “buy” rating on the stock in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft lowered DocGo from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $5.00 to $2.85 in a research note on Friday, February 28th. Finally, Needham & Company LLC cut their price target on DocGo from $7.00 to $4.00 and set a “buy” rating for the company in a report on Friday, February 28th.

DocGo Trading Up 3.7 %

DCGO opened at $2.77 on Tuesday. The company’s 50 day moving average is $4.15 and its 200 day moving average is $3.94. The company has a market cap of $282.49 million, a price-to-earnings ratio of 9.89, a PEG ratio of 14.16 and a beta of 1.08. DocGo has a 12-month low of $2.63 and a 12-month high of $5.68.

Institutional Trading of DocGo

A number of hedge funds and other institutional investors have recently modified their holdings of DCGO. Centiva Capital LP purchased a new position in shares of DocGo during the 3rd quarter valued at $43,000. Summit Investment Advisors Inc. raised its holdings in DocGo by 38.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 10,639 shares of the company’s stock valued at $45,000 after acquiring an additional 2,968 shares during the period. Prudential Financial Inc. purchased a new position in shares of DocGo in the fourth quarter valued at about $55,000. Intech Investment Management LLC bought a new position in shares of DocGo in the third quarter worth about $62,000. Finally, Royce & Associates LP purchased a new stake in shares of DocGo during the fourth quarter worth about $64,000. 56.44% of the stock is owned by hedge funds and other institutional investors.

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.