agilon health (NYSE:AGL) Shares Down 6.3% – What’s Next?

agilon health, inc. (NYSE:AGL)’s share price traded down 6.3% during trading on Tuesday . The company traded as low as $2.53 and last traded at $2.53. 1,200,620 shares changed hands during trading, a decline of 75% from the average session volume of 4,899,374 shares. The stock had previously closed at $2.70.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on AGL shares. Benchmark reaffirmed a “buy” rating and issued a $9.00 price objective on shares of agilon health in a research note on Thursday, August 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $8.00 price target on shares of agilon health in a research note on Wednesday, August 7th. Bank of America cut shares of agilon health from a “buy” rating to an “underperform” rating and set a $3.00 price objective for the company. in a research note on Wednesday, October 2nd. Citigroup reaffirmed a “sell” rating and issued a $2.50 price target (down previously from $7.00) on shares of agilon health in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on agilon health from $5.00 to $4.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, agilon health currently has a consensus rating of “Hold” and a consensus price target of $7.81.

agilon health Trading Up 3.7 %

The stock’s 50-day moving average price is $3.50 and its 200 day moving average price is $5.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market capitalization of $1.05 billion, a PE ratio of -3.37 and a beta of 0.54.

agilon health (NYSE:AGL) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). agilon health had a negative return on equity of 29.91% and a negative net margin of 5.57%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the business posted ($0.04) EPS. agilon health’s quarterly revenue was up 38.7% on a year-over-year basis. On average, sell-side analysts expect that agilon health, inc. will post -0.32 EPS for the current fiscal year.

Insider Buying and Selling at agilon health

In related news, CEO Steven Sell bought 20,000 shares of the stock in a transaction on Thursday, September 12th. The stock was bought at an average price of $3.36 per share, for a total transaction of $67,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 67,590 shares in the company, valued at approximately $227,102.40. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Arizona State Retirement System increased its position in shares of agilon health by 2.5% during the second quarter. Arizona State Retirement System now owns 85,989 shares of the company’s stock worth $562,000 after purchasing an additional 2,070 shares in the last quarter. Swiss National Bank raised its holdings in shares of agilon health by 0.6% in the first quarter. Swiss National Bank now owns 602,800 shares of the company’s stock worth $3,677,000 after buying an additional 3,400 shares during the last quarter. J.Safra Asset Management Corp raised its holdings in shares of agilon health by 626.1% in the second quarter. J.Safra Asset Management Corp now owns 4,204 shares of the company’s stock worth $27,000 after buying an additional 3,625 shares during the last quarter. CWM LLC lifted its stake in shares of agilon health by 406.5% during the second quarter. CWM LLC now owns 9,081 shares of the company’s stock worth $59,000 after buying an additional 7,288 shares during the period. Finally, Signaturefd LLC raised its stake in agilon health by 166.2% in the 2nd quarter. Signaturefd LLC now owns 11,848 shares of the company’s stock worth $77,000 after acquiring an additional 7,398 shares during the last quarter.

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.