DocGo Inc. (NASDAQ:DCGO) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of DocGo Inc. (NASDAQ:DCGO) have been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $4.89.

A number of analysts have weighed in on DCGO shares. Needham & Company LLC reduced their price objective on shares of DocGo from $7.00 to $4.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Stifel Nicolaus cut their price target on shares of DocGo from $6.50 to $5.50 and set a “buy” rating on the stock in a report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of DocGo from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $5.00 to $2.85 in a report on Friday, February 28th.

Institutional Trading of DocGo

Institutional investors have recently made changes to their positions in the stock. WCM Investment Management LLC boosted its holdings in DocGo by 64.2% in the fourth quarter. WCM Investment Management LLC now owns 4,314,071 shares of the company’s stock worth $18,637,000 after purchasing an additional 1,687,100 shares during the last quarter. American Century Companies Inc. raised its stake in DocGo by 490.3% during the 4th quarter. American Century Companies Inc. now owns 452,254 shares of the company’s stock valued at $1,918,000 after buying an additional 375,637 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of DocGo by 37.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 1,331,928 shares of the company’s stock valued at $5,647,000 after buying an additional 363,391 shares during the period. Northern Trust Corp boosted its stake in shares of DocGo by 24.9% in the 4th quarter. Northern Trust Corp now owns 1,606,139 shares of the company’s stock worth $6,810,000 after buying an additional 320,133 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of DocGo by 583.4% in the 4th quarter. Renaissance Technologies LLC now owns 350,600 shares of the company’s stock worth $1,487,000 after buying an additional 299,300 shares during the last quarter. Hedge funds and other institutional investors own 56.44% of the company’s stock.

DocGo Price Performance

Shares of NASDAQ:DCGO opened at $2.77 on Tuesday. The company has a market capitalization of $282.49 million, a PE ratio of 9.89, a PEG ratio of 14.16 and a beta of 1.08. The business has a fifty day moving average price of $4.15 and a 200-day moving average price of $3.94. DocGo has a 1-year low of $2.63 and a 1-year high of $5.68.

DocGo Company 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.