agilon health (NYSE:AGL) Given New $2.00 Price Target at TD Cowen

agilon health (NYSE:AGL - Get Free Report) had its price objective decreased by investment analysts at TD Cowen from $6.00 to $2.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. TD Cowen's price target would suggest a potential downside of 7.41% from the company's previous close.

Other equities research analysts also recently issued research reports about the company. William Blair downgraded agilon health from an "outperform" rating to a "market perform" rating in a report on Friday. JMP Securities lowered agilon health from an "outperform" rating to a "market perform" rating in a research note on Monday. Citigroup reissued a "sell" rating and set a $2.50 target price (down previously from $7.00) on shares of agilon health in a research note on Tuesday, October 29th. Bank of America lowered shares of agilon health from a "buy" rating to an "underperform" rating and set a $3.00 price target on the stock. in a report on Wednesday, October 2nd. Finally, Evercore ISI dropped their price objective on shares of agilon health from $7.00 to $4.00 and set an "in-line" rating for the company in a research note on Tuesday, October 8th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, agilon health presently has a consensus rating of "Hold" and an average price target of $7.34.

agilon health Stock Performance

Shares of NYSE:AGL traded up $0.32 on Monday, reaching $2.16. 9,241,475 shares of the company's stock were exchanged, compared to its average volume of 3,930,167. agilon health has a twelve month low of $1.80 and a twelve month high of $13.76. The company has a fifty day moving average of $3.22 and a 200-day moving average of $4.95. The company has a market capitalization of $888.80 million, a price-to-earnings ratio of -2.30 and a beta of 0.60. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04.

agilon health (NYSE:AGL - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.19). The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.47 billion. agilon health had a negative net margin of 6.88% and a negative return on equity of 46.06%. During the same quarter in the previous year, the company posted ($0.06) earnings per share. On average, research analysts predict that agilon health will post -0.32 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Steven Sell acquired 20,000 shares of the firm's stock in a transaction on Thursday, September 12th. The stock was purchased at an average cost of $3.36 per share, with a total value of $67,200.00. Following the acquisition, the chief executive officer now owns 67,590 shares of the company's stock, valued at approximately $227,102.40. This trade 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. Corporate insiders own 3.20% of the company's stock.

Institutional Investors Weigh In On agilon health

Several large investors have recently made changes to their positions in the business. Intech Investment Management LLC purchased a new stake in agilon health during the third quarter worth about $228,000. Simplify Asset Management Inc. grew its stake in shares of agilon health by 67.5% during the 3rd quarter. Simplify Asset Management Inc. now owns 168,696 shares of the company's stock worth $663,000 after acquiring an additional 67,968 shares during the period. Aigen Investment Management LP purchased a new stake in agilon health in the 3rd quarter worth about $79,000. Los Angeles Capital Management LLC bought a new position in agilon health during the third quarter worth about $513,000. Finally, City State Bank purchased a new position in shares of agilon health in the third quarter worth about $52,000.

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.