Needham & Company LLC Has Lowered Expectations for DocGo (NASDAQ:DCGO) Stock Price

DocGo (NASDAQ:DCGO) had its price target lowered by equities researchers at Needham & Company LLC from $7.00 to $4.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price target suggests a potential upside of 29.45% from the stock’s previous close.

DocGo Stock Performance

NASDAQ:DCGO opened at $3.09 on Friday. The company has a market capitalization of $315.34 million, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 14.16 and a beta of 1.00. DocGo has a one year low of $2.75 and a one year high of $5.68. The stock has a 50-day simple moving average of $4.58 and a 200 day simple moving average of $4.02.

Insider Buying and Selling at DocGo

In other DocGo news, General Counsel Ely D. Tendler sold 23,088 shares of DocGo stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $4.44, for a total value of $102,510.72. Following the completion of the transaction, the general counsel now directly owns 175,645 shares in the company, valued at $779,863.80. The trade was a 11.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DocGo

A number of hedge funds and other institutional investors have recently bought and sold shares of DCGO. WCM Investment Management LLC boosted its stake in DocGo by 64.2% in the fourth quarter. WCM Investment Management LLC now owns 4,314,071 shares of the company’s stock valued at $18,637,000 after acquiring an additional 1,687,100 shares during the period. Harbor Capital Advisors Inc. boosted its stake in DocGo by 144.6% in the third quarter. Harbor Capital Advisors Inc. now owns 968,537 shares of the company’s stock valued at $3,216,000 after acquiring an additional 572,522 shares during the period. American Century Companies Inc. boosted its stake in DocGo by 490.3% in the fourth quarter. American Century Companies Inc. now owns 452,254 shares of the company’s stock valued at $1,918,000 after acquiring an additional 375,637 shares during the period. Northern Trust Corp boosted its stake in DocGo by 24.9% in the fourth quarter. Northern Trust Corp now owns 1,606,139 shares of the company’s stock valued at $6,810,000 after acquiring an additional 320,133 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of DocGo by 583.4% during the fourth quarter. Renaissance Technologies LLC now owns 350,600 shares of the company’s stock valued at $1,487,000 after buying an additional 299,300 shares during the last quarter. 56.44% of the stock is currently owned by institutional investors and hedge funds.

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.