Harbor Capital Advisors Inc. Purchases 363,391 Shares of DocGo Inc. (NASDAQ:DCGO)

Harbor Capital Advisors Inc. boosted its stake in shares of DocGo Inc. (NASDAQ:DCGO - Free Report) by 37.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,331,928 shares of the company's stock after purchasing an additional 363,391 shares during the period. Harbor Capital Advisors Inc. owned about 1.31% of DocGo worth $5,647,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Centiva Capital LP purchased a new stake in shares of DocGo during the 3rd quarter valued at about $43,000. Intech Investment Management LLC purchased a new stake in DocGo during the third quarter valued at approximately $62,000. Victory Capital Management Inc. raised its position in DocGo by 124.0% in the second quarter. Victory Capital Management Inc. now owns 25,635 shares of the company's stock worth $79,000 after acquiring an additional 14,191 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of DocGo by 31.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,401 shares of the company's stock worth $125,000 after acquiring an additional 9,696 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of DocGo by 97.5% during the 3rd quarter. SG Americas Securities LLC now owns 38,147 shares of the company's stock valued at $127,000 after acquiring an additional 18,835 shares during the period. Hedge funds and other institutional investors own 56.44% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald reiterated an "overweight" rating and set a $5.00 target price on shares of DocGo in a research report on Friday, September 20th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $6.10.

Insider Buying and Selling

In other news, General Counsel Ely D. Tendler sold 23,088 shares of the business's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $4.44, for a total value of $102,510.72. Following the transaction, the general counsel now owns 175,645 shares of the company's stock, valued at approximately $779,863.80. The trade was a 11.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is currently owned by insiders.

DocGo Stock Performance

Shares of DCGO traded down $0.17 during mid-day trading on Friday, reaching $4.08. The stock had a trading volume of 304,712 shares, compared to its average volume of 340,519. The firm has a market cap of $416.37 million, a price-to-earnings ratio of 14.57, a PEG ratio of 3.94 and a beta of 0.97. DocGo Inc. has a 12 month low of $2.75 and a 12 month high of $4.86. The business has a fifty day moving average of $4.18 and a 200 day moving average of $3.66.

DocGo 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.