agilon health (NYSE:AGL) Sets New 12-Month Low - Should You Sell?

agilon health, inc. (NYSE:AGL - Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $2.67 and last traded at $2.68, with a volume of 89118 shares trading hands. The stock had previously closed at $2.69.

Wall Street Analyst Weigh In

AGL has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of agilon health from $5.00 to $4.00 and set a "hold" rating for the company in a research note on Friday, August 9th. Benchmark restated a "buy" rating and set a $9.00 target price on shares of agilon health in a research note on Thursday, August 8th. Royal Bank of Canada reiterated an "outperform" rating and issued a $8.00 price target on shares of agilon health in a research note on Wednesday, August 7th. Bank of America lowered shares of agilon health from a "buy" rating to an "underperform" rating and set a $3.00 price target on the stock. in a research note on Wednesday, October 2nd. Finally, Evercore ISI lowered their price objective on shares of agilon health from $7.00 to $4.00 and set an "in-line" rating for the company in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, agilon health currently has a consensus rating of "Hold" and a consensus target price of $8.03.

agilon health Stock Performance

The company has a market cap of $1.11 billion, a PE ratio of -3.86 and a beta of 0.54. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.04. The stock's 50 day simple moving average is $3.71 and its two-hundred day simple moving average is $5.18.

agilon health (NYSE:AGL - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). agilon health had a negative net margin of 5.57% and a negative return on equity of 29.91%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the firm posted ($0.04) earnings per share. agilon health's revenue for the quarter was up 38.7% compared to the same quarter last year. As a group, research analysts anticipate that agilon health, inc. will post -0.32 earnings per share for the current year.

Insider Buying and Selling

In other agilon health news, CEO Steven Sell bought 20,000 shares of agilon health stock in a transaction dated Thursday, September 12th. The stock was bought at an average cost of $3.36 per share, for a total transaction of $67,200.00. Following the purchase, the chief executive officer now owns 67,590 shares in the company, valued at $227,102.40. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On agilon health

A number of institutional investors have recently modified their holdings of AGL. Capital International Investors boosted its position in shares of agilon health by 84.7% during the first quarter. Capital International Investors now owns 20,197,932 shares of the company's stock worth $123,207,000 after buying an additional 9,263,296 shares during the period. AQR Capital Management LLC boosted its position in agilon health by 3,338.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,356,438 shares of the company's stock worth $8,871,000 after acquiring an additional 1,316,990 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in agilon health in the 1st quarter valued at about $2,975,000. Vanguard Group Inc. increased its stake in agilon health by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 28,947,798 shares of the company's stock valued at $176,582,000 after buying an additional 371,537 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of agilon health during the 2nd quarter worth about $1,849,000.

About agilon health

agilon health, inc. provides healthcare services for seniors through primary care physicians in the communities of the United States. It offers a platform that manages the total healthcare needs of the patients by subscription-like per-member per-month. The company was formerly known as Agilon Health Topco, Inc and changed its name to agilon health, inc.