agilon health (NYSE:AGL) Shares Up 10.7% – Should You Buy?

agilon health, inc. (NYSE:AGL)’s share price shot up 10.7% during mid-day trading on Wednesday . The company traded as high as $1.78 and last traded at $1.76. 542,032 shares traded hands during trading, a decline of 89% from the average session volume of 4,938,274 shares. The stock had previously closed at $1.59.

Analyst Ratings Changes

AGL has been the subject of several recent analyst reports. Citigroup decreased their price objective on shares of agilon health from $2.50 to $1.75 and set a “sell” rating for the company in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft lowered their price objective on agilon health from $5.00 to $4.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. TD Cowen cut their price target on shares of agilon health from $6.00 to $2.00 and set a “hold” rating for the company in a research note on Monday, November 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $3.00 target price on shares of agilon health in a report on Tuesday. Finally, William Blair cut shares of agilon health from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $6.05.

agilon health Stock Up 6.6 %

The firm has a 50 day moving average price of $2.91 and a 200-day moving average price of $4.76. The firm has a market cap of $733.40 million, a price-to-earnings ratio of -1.89 and a beta of 0.60. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.29 and a quick ratio of 1.29.

agilon health (NYSE:AGL) last released its earnings results on Thursday, November 7th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.19). agilon health had a negative net margin of 6.88% and a negative return on equity of 47.84%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the company posted ($0.06) earnings per share. As a group, equities analysts predict that agilon health, inc. will post -0.47 EPS for the current fiscal year.

Insider Buying and Selling at agilon health

In related news, CEO Steven Sell acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was acquired 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 owns 67,590 shares of the company’s stock, valued at $227,102.40. This trade represents a 42.03 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On agilon health

Institutional investors have recently modified their holdings of the stock. J.Safra Asset Management Corp boosted its stake in agilon health by 626.1% during the 2nd quarter. J.Safra Asset Management Corp now owns 4,204 shares of the company’s stock worth $27,000 after acquiring an additional 3,625 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of agilon health during the third quarter worth $28,000. City State Bank acquired a new position in shares of agilon health in the 3rd quarter valued at $52,000. CWM LLC increased its position in shares of agilon health by 406.5% in the 2nd quarter. CWM LLC now owns 9,081 shares of the company’s stock valued at $59,000 after buying an additional 7,288 shares in the last quarter. Finally, Nisa Investment Advisors LLC acquired a new stake in agilon health during the 2nd quarter worth $60,000.

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.