Franklin Resources Inc. Raises Stock Holdings in DocGo Inc. (NASDAQ:DCGO)

Franklin Resources Inc. increased its holdings in shares of DocGo Inc. (NASDAQ:DCGO - Free Report) by 11.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,199,086 shares of the company's stock after purchasing an additional 124,348 shares during the period. Franklin Resources Inc. owned 1.17% of DocGo worth $3,933,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. nVerses Capital LLC raised its stake in shares of DocGo by 151.5% during the second quarter. nVerses Capital LLC now owns 8,300 shares of the company's stock worth $26,000 after purchasing an additional 5,000 shares during the last quarter. Marathon Capital Management lifted its stake in shares of DocGo by 2.3% in the 2nd quarter. Marathon Capital Management now owns 277,100 shares of the company's stock worth $856,000 after acquiring an additional 6,285 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of DocGo by 31.6% in the second quarter. The Manufacturers Life Insurance Company now owns 40,401 shares of the company's stock valued at $125,000 after acquiring an additional 9,696 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of DocGo by 693.2% during the second quarter. Nisa Investment Advisors LLC now owns 12,089 shares of the company's stock worth $37,000 after acquiring an additional 10,565 shares during the period. Finally, Centiva Capital LP purchased a new position in DocGo during the third quarter worth about $43,000. 56.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, General Counsel Ely D. Tendler sold 23,088 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $4.44, for a total transaction of $102,510.72. Following the transaction, the general counsel now directly owns 175,645 shares in the company, valued at approximately $779,863.80. This represents a 11.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is owned by corporate insiders.

DocGo Stock Down 1.6 %

Shares of NASDAQ:DCGO traded down $0.07 during trading on Wednesday, reaching $4.22. The stock had a trading volume of 193,446 shares, compared to its average volume of 975,832. The stock has a market cap of $430.66 million, a P/E ratio of 15.07, a PEG ratio of 3.94 and a beta of 0.98. The business has a fifty day moving average price of $3.96 and a 200-day moving average price of $3.55. DocGo Inc. has a fifty-two week low of $2.75 and a fifty-two week high of $5.70.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $5.00 price objective on shares of DocGo in a report on Friday, September 20th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $6.10.

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.