Harbor Capital Advisors Inc. Buys 572,522 Shares of DocGo Inc. (NASDAQ:DCGO)

Harbor Capital Advisors Inc. boosted its position in DocGo Inc. (NASDAQ:DCGO - Free Report) by 144.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 968,537 shares of the company's stock after acquiring an additional 572,522 shares during the quarter. Harbor Capital Advisors Inc. owned 0.95% of DocGo worth $3,216,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. nVerses Capital LLC increased its stake in shares of DocGo by 151.5% in the 2nd quarter. nVerses Capital LLC now owns 8,300 shares of the company's stock valued at $26,000 after purchasing an additional 5,000 shares during the last quarter. Gladius Capital Management LP acquired a new position in DocGo during the second quarter worth about $34,000. Nisa Investment Advisors LLC lifted its holdings in shares of DocGo by 693.2% in 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 last quarter. SG Americas Securities LLC bought a new position in shares of DocGo in the second quarter worth about $60,000. Finally, Victory Capital Management Inc. grew its holdings in shares of DocGo by 124.0% during the 2nd quarter. Victory Capital Management Inc. now owns 25,635 shares of the company's stock valued at $79,000 after purchasing an additional 14,191 shares during the last quarter. 56.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on DCGO. Cantor Fitzgerald restated an "overweight" rating and issued a $5.00 target price on shares of DocGo in a research report on Friday, September 20th. Needham & Company LLC reaffirmed a "buy" rating and issued a $7.00 target price on shares of DocGo in a report on Thursday, August 8th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $6.10.

DocGo Price Performance

Shares of DocGo stock traded down $0.25 during trading on Monday, hitting $3.38. The company's stock had a trading volume of 748,619 shares, compared to its average volume of 1,010,114. The stock has a market cap of $345.83 million, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89. DocGo Inc. has a 52 week low of $2.75 and a 52 week high of $6.90. The stock has a 50-day moving average price of $3.45 and a two-hundred day moving average price of $3.32.

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

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.