Brokerages Set DocGo Inc. (NASDAQ:DCGO) Target Price at $3.56

DocGo Inc. (NASDAQ:DCGO) has been assigned an average rating of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $3.56.

Several equities analysts recently weighed in on the stock. BTIG Research lowered shares of DocGo from a “buy” rating to a “neutral” rating in a report on Friday, May 9th. Deutsche Bank Aktiengesellschaft lowered DocGo from a “buy” rating to a “hold” rating and cut their price objective for the company from $5.00 to $2.85 in a research report on Friday, February 28th. Stifel Nicolaus reduced their price objective on DocGo from $6.50 to $5.50 and set a “buy” rating on the stock in a research note on Friday, February 28th. Needham & Company LLC lowered their target price on DocGo from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Finally, Canaccord Genuity Group reissued a “hold” rating and set a $1.45 price target (down from $5.00) on shares of DocGo in a research report on Monday, May 12th.

Hedge Funds Weigh In On DocGo

Hedge funds have recently modified their holdings of the company. Strs Ohio bought a new stake in DocGo during the first quarter worth approximately $76,000. Acadian Asset Management LLC bought a new stake in shares of DocGo during the 1st quarter worth $338,000. Jane Street Group LLC grew its holdings in shares of DocGo by 18.8% in the 1st quarter. Jane Street Group LLC now owns 85,442 shares of the company’s stock worth $226,000 after acquiring an additional 13,505 shares during the last quarter. S Squared Technology LLC grew its holdings in shares of DocGo by 36.8% in the 1st quarter. S Squared Technology LLC now owns 1,890,976 shares of the company’s stock worth $4,992,000 after acquiring an additional 508,590 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. raised its position in shares of DocGo by 17.4% during the first quarter. Punch & Associates Investment Management Inc. now owns 2,201,667 shares of the company’s stock worth $5,812,000 after purchasing an additional 325,760 shares during the period. 56.44% of the stock is currently owned by institutional investors and hedge funds.

DocGo Trading Down 4.4%

DocGo stock opened at $1.53 on Friday. The stock has a 50-day moving average price of $1.91 and a 200 day moving average price of $3.32. DocGo has a 52 week low of $1.23 and a 52 week high of $5.68. The stock has a market cap of $156.03 million, a PE ratio of 5.46, a P/E/G ratio of 14.16 and a beta of 0.94.

DocGo (NASDAQ:DCGO) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.08). DocGo had a net margin of 4.35% and a return on equity of 8.90%. The business had revenue of $96.03 million during the quarter, compared to analyst estimates of $104.25 million. On average, equities analysts predict that DocGo will post 0.25 EPS for the current year.

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.