DocGo Inc. (NASDAQ:DCGO) Receives Average Recommendation of "Buy" from Brokerages

DocGo Inc. (NASDAQ:DCGO - Get Free Report) has been assigned an average rating of "Buy" from the five analysts that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have issued a report on the stock in the last year is $6.10.

DCGO has been the subject of several analyst reports. Needham & Company LLC restated a "buy" rating and set a $7.00 price target on shares of DocGo in a research report on Thursday, August 8th. Cantor Fitzgerald reiterated an "overweight" rating and set a $5.00 target price on shares of DocGo in a report on Friday, September 20th.

Institutional Trading of DocGo

A number of institutional investors and hedge funds have recently bought and sold shares of DCGO. nVerses Capital LLC increased its holdings in shares of DocGo by 151.5% in the 2nd quarter. nVerses Capital LLC now owns 8,300 shares of the company's stock worth $26,000 after buying an additional 5,000 shares during the last quarter. Gladius Capital Management LP purchased a new stake in shares of DocGo in the 2nd quarter worth approximately $34,000. Nisa Investment Advisors LLC lifted its position in shares of DocGo by 693.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 12,089 shares of the company's stock worth $37,000 after purchasing an additional 10,565 shares during the period. SG Americas Securities LLC purchased a new stake in DocGo during the second quarter valued at approximately $60,000. Finally, Victory Capital Management Inc. lifted its position in DocGo by 124.0% during the second quarter. Victory Capital Management Inc. now owns 25,635 shares of the company's stock valued at $79,000 after acquiring an additional 14,191 shares during the last quarter. 56.44% of the stock is currently owned by institutional investors.

DocGo Price Performance

Shares of NASDAQ DCGO traded up $0.09 during midday trading on Tuesday, reaching $3.47. The company's stock had a trading volume of 812,659 shares, compared to its average volume of 1,009,196. DocGo has a 12-month low of $2.75 and a 12-month high of $6.90. The firm has a 50 day moving average price of $3.45 and a 200-day moving average price of $3.32. The stock has a market capitalization of $355.05 million, a P/E ratio of 12.07, a PEG ratio of 3.10 and a beta of 0.89.

DocGo (NASDAQ:DCGO - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $164.95 million for the quarter, compared to analysts' expectations of $166.61 million. DocGo had a return on equity of 8.90% and a net margin of 3.97%. On average, equities analysts predict that DocGo will post 0.23 EPS for the current year.

DocGo Company 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.