Matrix Asset Advisors Inc. NY Makes New $424,000 Investment in DocGo Inc. (NASDAQ:DCGO)

Matrix Asset Advisors Inc. NY acquired a new stake in shares of DocGo Inc. (NASDAQ:DCGO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 100,000 shares of the company's stock, valued at approximately $424,000. Matrix Asset Advisors Inc. NY owned approximately 0.10% of DocGo as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of DCGO. WCM Investment Management LLC increased its position in DocGo by 0.6% during the third quarter. WCM Investment Management LLC now owns 2,626,971 shares of the company's stock valued at $8,879,000 after acquiring an additional 15,933 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of DocGo by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,252,516 shares of the company's stock valued at $7,480,000 after purchasing an additional 39,016 shares during the period. State Street Corp increased its position in shares of DocGo by 4.9% during the 3rd quarter. State Street Corp now owns 1,928,972 shares of the company's stock valued at $6,404,000 after purchasing an additional 90,438 shares during the last quarter. P.A.W. Capital Corp lifted its stake in shares of DocGo by 1.9% in the 3rd quarter. P.A.W. Capital Corp now owns 1,630,000 shares of the company's stock worth $5,412,000 after purchasing an additional 30,000 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of DocGo by 37.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 1,331,928 shares of the company's stock worth $5,647,000 after buying an additional 363,391 shares during the last quarter. 56.44% of the stock is owned by hedge funds and other institutional investors.

DocGo Stock Performance

DCGO stock traded up $0.07 during midday trading on Friday, reaching $4.92. The company's stock had a trading volume of 760,858 shares, compared to its average volume of 434,397. DocGo Inc. has a 1 year low of $2.75 and a 1 year high of $5.12. The firm has a market capitalization of $501.58 million, a price-to-earnings ratio of 17.52, a PEG ratio of 13.51 and a beta of 0.97. The stock has a fifty day simple moving average of $4.32 and a two-hundred day simple moving average of $3.79.

DocGo (NASDAQ:DCGO - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. DocGo had a return on equity of 8.90% and a net margin of 4.35%. The business had revenue of $138.68 million during the quarter, compared to analysts' expectations of $139.59 million. During the same period in the prior year, the business earned $0.05 EPS. As a group, analysts forecast that DocGo Inc. will post 0.25 EPS for the current fiscal year.

Insider Buying and Selling at DocGo

In related news, General Counsel Ely D. Tendler sold 23,088 shares of the stock in a transaction that occurred 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 completion of the transaction, the general counsel now directly owns 175,645 shares of the company's stock, valued at $779,863.80. This trade represents a 11.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reiterated a "buy" rating and issued a $7.00 price target on shares of DocGo in a research report on Thursday, January 16th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, DocGo presently has an average rating of "Buy" and an average target price of $6.10.

About DocGo

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.