Analysts Set DocGo Inc. (NASDAQ:DCGO) Target Price at $3.24

DocGo Inc. (NASDAQ:DCGOGet Free Report) has earned a consensus rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $3.2375.

DCGO has been the topic of a number of research reports. Canaccord Genuity Group lifted their price objective on DocGo from $1.45 to $1.60 and gave the stock a “hold” rating in a research note on Thursday, August 21st. Zacks Research lowered shares of DocGo from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 7th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of DocGo in a research report on Wednesday, October 8th.

Check Out Our Latest Report on DCGO

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DCGO. P.A.W. Capital Corp grew its position in DocGo by 60.0% in the second quarter. P.A.W. Capital Corp now owns 3,200,000 shares of the company’s stock worth $5,024,000 after acquiring an additional 1,200,000 shares in the last quarter. S Squared Technology LLC lifted its stake in shares of DocGo by 52.2% in the 2nd quarter. S Squared Technology LLC now owns 2,878,286 shares of the company’s stock valued at $4,519,000 after purchasing an additional 987,310 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its holdings in shares of DocGo by 17.4% in the 1st 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. Jefferies Financial Group Inc. boosted its holdings in shares of DocGo by 5.7% in the 2nd quarter. Jefferies Financial Group Inc. now owns 2,144,456 shares of the company’s stock worth $3,367,000 after purchasing an additional 115,000 shares during the period. Finally, American Century Companies Inc. increased its position in shares of DocGo by 175.5% during the 1st quarter. American Century Companies Inc. now owns 1,245,894 shares of the company’s stock valued at $3,289,000 after purchasing an additional 793,640 shares during the last quarter. Institutional investors own 56.44% of the company’s stock.

DocGo Stock Up 10.4%

Shares of DCGO stock opened at $1.27 on Friday. The company’s fifty day simple moving average is $1.49 and its two-hundred day simple moving average is $1.68. DocGo has a 52 week low of $1.12 and a 52 week high of $5.68. The stock has a market cap of $124.22 million, a P/E ratio of -6.68 and a beta of 0.95.

DocGo (NASDAQ:DCGOGet Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.05). The firm had revenue of $80.42 million during the quarter, compared to the consensus estimate of $77.58 million. DocGo had a negative return on equity of 3.26% and a negative net margin of 4.20%. DocGo has set its FY 2025 guidance at EPS. On average, analysts anticipate that DocGo will post 0.25 EPS for the current fiscal year.

DocGo Company Profile

(Get Free Report)

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.

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Analyst Recommendations for DocGo (NASDAQ:DCGO)

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