Allspring Global Investments Holdings LLC Has $121,000 Holdings in DocGo Inc. (NASDAQ:DCGO)

Allspring Global Investments Holdings LLC boosted its stake in DocGo Inc. (NASDAQ:DCGO) by 385.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 21,645 shares of the company’s stock after buying an additional 17,189 shares during the period. Allspring Global Investments Holdings LLC’s holdings in DocGo were worth $121,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DCGO. Victory Capital Management Inc. acquired a new stake in shares of DocGo in the third quarter valued at about $55,000. Envestnet Portfolio Solutions Inc. bought a new stake in DocGo in the third quarter valued at approximately $67,000. Worth Venture Partners LLC increased its position in DocGo by 36.3% during the 3rd quarter. Worth Venture Partners LLC now owns 16,028 shares of the company’s stock valued at $85,000 after purchasing an additional 4,265 shares during the period. B. Riley Asset Management LLC bought a new position in DocGo during the 3rd quarter worth approximately $99,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of DocGo by 42.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,020 shares of the company’s stock worth $128,000 after purchasing an additional 7,166 shares during the period. 56.44% of the stock is owned by institutional investors.

DocGo Price Performance

Shares of DocGo stock opened at $3.61 on Monday. The business has a 50-day simple moving average of $3.71 and a 200 day simple moving average of $4.54. DocGo Inc. has a one year low of $2.78 and a one year high of $10.82. The firm has a market capitalization of $376.05 million, a price-to-earnings ratio of 51.57, a PEG ratio of 0.36 and a beta of 0.91.

DocGo (NASDAQ:DCGO) last issued its earnings results on Wednesday, February 28th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). DocGo had a return on equity of 2.01% and a net margin of 1.10%. The firm had revenue of $199.25 million for the quarter, compared to analyst estimates of $195.48 million. On average, sell-side analysts expect that DocGo Inc. will post 0.35 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DCGO. BTIG Research decreased their price objective on shares of DocGo from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Stifel Nicolaus decreased their price target on DocGo from $11.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Needham & Company LLC dropped their price objective on DocGo from $14.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Cantor Fitzgerald cut their target price on DocGo from $13.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, February 29th. Finally, Canaccord Genuity Group lowered their target price on DocGo from $10.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, DocGo presently has an average rating of “Buy” and a consensus target price of $10.83.

Insiders Place Their Bets

In other DocGo news, Director Michael J. Burdiek acquired 10,000 shares of DocGo stock in a transaction dated Thursday, March 14th. The stock was purchased at an average cost of $3.61 per share, for a total transaction of $36,100.00. Following the completion of the acquisition, the director now directly owns 571,595 shares of the company’s stock, valued at $2,063,457.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 13.78% of the company’s stock.

DocGo 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.