agilon health (NYSE:AGL) Shares Up 9.6% - Here's What Happened

agilon health, inc. (NYSE:AGL - Get Free Report) shares were up 9.6% on Friday . The stock traded as high as $2.12 and last traded at $2.11. Approximately 2,120,714 shares traded hands during mid-day trading, an increase of 16% from the average daily volume of 1,826,953 shares. The stock had previously closed at $1.92.

Analyst Ratings Changes

AGL has been the topic of a number of research reports. Evercore ISI dropped their target price on shares of agilon health from $7.00 to $4.00 and set an "in-line" rating on the stock in a research report on Tuesday, October 8th. Stifel Nicolaus dropped their price objective on shares of agilon health from $7.00 to $2.00 and set a "hold" rating on the stock in a report on Tuesday, November 12th. TD Cowen reduced their target price on shares of agilon health from $6.00 to $2.00 and set a "hold" rating for the company in a research note on Monday, November 11th. Royal Bank of Canada reissued an "outperform" rating and set a $3.00 target price on shares of agilon health in a research report on Tuesday, November 19th. Finally, Citigroup lowered their price objective on agilon health from $2.50 to $1.75 and set a "sell" rating on the stock in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $4.28.

agilon health Stock Performance

The stock has a 50-day moving average of $2.11 and a 200 day moving average of $3.95. The firm has a market capitalization of $861.12 million, a P/E ratio of -2.22 and a beta of 0.51. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.29.

agilon health (NYSE:AGL - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.19). agilon health had a negative return on equity of 47.84% and a negative net margin of 6.88%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the company posted ($0.06) EPS. On average, research analysts anticipate that agilon health, inc. will post -0.52 earnings per share for the current year.

Insiders Place Their Bets

In other agilon health news, Director Karen Mcloughlin purchased 25,000 shares of the stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $2.20 per share, for a total transaction of $55,000.00. Following the transaction, the director now directly owns 73,166 shares in the company, valued at $160,965.20. This represents a 51.90 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John William Wulf acquired 45,000 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average price of $2.18 per share, for a total transaction of $98,100.00. Following the completion of the acquisition, the director now directly owns 206,133 shares of the company's stock, valued at $449,369.94. This trade represents a 27.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 90,000 shares of company stock valued at $198,100. Insiders own 3.20% of the company's stock.

Institutional Trading of agilon health

Several institutional investors and hedge funds have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. bought a new position in agilon health during the 3rd quarter worth approximately $28,000. City State Bank bought a new position in shares of agilon health during the third quarter worth $52,000. Allspring Global Investments Holdings LLC grew its holdings in shares of agilon health by 17,790.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 10,734 shares of the company's stock valued at $70,000 after buying an additional 10,674 shares during the period. Signaturefd LLC increased its position in shares of agilon health by 166.2% in the 2nd quarter. Signaturefd LLC now owns 11,848 shares of the company's stock valued at $77,000 after buying an additional 7,398 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in agilon health during the 2nd quarter worth $78,000.

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.