agilon health (NYSE:AGL) Trading Up 8.6% – Here’s What Happened

agilon health, inc. (NYSE:AGL)’s stock price traded up 8.6% during trading on Thursday . The company traded as high as $3.71 and last traded at $3.73. 7,115,106 shares traded hands during trading, an increase of 32% from the average session volume of 5,374,423 shares. The stock had previously closed at $3.43.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AGL. Barclays lowered their price objective on agilon health from $5.00 to $2.00 and set an “underweight” rating for the company in a research report on Monday, November 11th. Sanford C. Bernstein increased their price objective on shares of agilon health from $2.50 to $3.15 and gave the company a “market perform” rating in a research report on Wednesday, January 15th. Bank of America downgraded shares of agilon health from a “buy” rating to an “underperform” rating and set a $3.00 target price on the stock. in a research report on Wednesday, October 2nd. TD Cowen decreased their price target on shares of agilon health from $6.00 to $2.00 and set a “hold” rating for the company in a report on Monday, November 11th. Finally, Evercore ISI cut their target price on agilon health from $7.00 to $4.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, agilon health has a consensus rating of “Hold” and a consensus price target of $4.03.

agilon health Stock Performance

The stock has a 50-day moving average price of $2.37 and a 200 day moving average price of $3.49. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market cap of $1.48 billion, a PE ratio of -3.81 and a beta of 0.53.

agilon health (NYSE:AGL) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.19). The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.47 billion. agilon health had a negative net margin of 6.88% and a negative return on equity of 47.84%. During the same quarter last year, the business earned ($0.06) EPS. Research analysts forecast that agilon health, inc. will post -0.59 earnings per share for the current year.

Insider Transactions at agilon health

In other agilon health news, Director Karen Mcloughlin acquired 25,000 shares of agilon health stock in a transaction on Friday, December 13th. The shares were bought at an average price of $2.20 per share, with a total value of $55,000.00. Following the completion of the purchase, the director now owns 73,166 shares in the company, valued at $160,965.20. This trade represents a 51.90 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John William Wulf bought 45,000 shares of agilon health stock in a transaction dated Thursday, December 5th. The stock was acquired at an average cost of $2.18 per share, for a total transaction of $98,100.00. Following the purchase, the director now directly owns 206,133 shares in the company, valued at approximately $449,369.94. The trade was a 27.93 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 90,000 shares of company stock valued at $198,100. Corporate insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On agilon health

Several hedge funds have recently made changes to their positions in AGL. Point72 Asia Singapore Pte. Ltd. bought a new stake in agilon health in the 3rd quarter valued at $28,000. Oak Thistle LLC acquired a new stake in agilon health during the 4th quarter worth approximately $25,000. City State Bank acquired a new stake in agilon health in the third quarter valued at $52,000. Quarry LP raised its position in shares of agilon health by 500.3% during the second quarter. Quarry LP now owns 18,254 shares of the company’s stock worth $119,000 after acquiring an additional 15,213 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in shares of agilon health in the 3rd quarter valued at $79,000.

agilon health Company Profile

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.