Analysts Set DocGo Inc. (NASDAQ:DCGO) Price Target at $2.25

Shares of DocGo Inc. (NASDAQ:DCGO) have received an average recommendation of “Hold” from the five analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $2.25.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of DocGo in a research report on Monday, December 29th.

DocGo Trading Down 4.9%

DocGo stock opened at $0.62 on Tuesday. The firm has a 50-day moving average price of $0.78 and a 200-day moving average price of $1.05. The firm has a market capitalization of $60.36 million, a PE ratio of -1.19 and a beta of 0.95. DocGo has a 12-month low of $0.61 and a 12-month high of $3.05.

Institutional Investors Weigh In On DocGo

Hedge funds and other institutional investors have recently modified their holdings of the business. Cerity Partners LLC purchased a new position in DocGo during the 2nd quarter valued at $37,000. Strs Ohio purchased a new stake in DocGo in the first quarter worth $76,000. Engineers Gate Manager LP purchased a new stake in DocGo in the second quarter worth $52,000. Neuberger Berman Group LLC bought a new stake in shares of DocGo during the fourth quarter worth $29,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of DocGo during the fourth quarter valued at $40,000. 56.44% of the stock is currently owned by hedge funds and other institutional investors.

About DocGo

DocGo, Inc is a U.S.-based integrated healthcare company that delivers on-demand and mobile healthcare services. The company’s business model centers on deploying customized medical clinics paired with a digital care platform to bring primary and acute care directly to patients. Through a combination of telemedicine and over-the-road medical units, DocGo addresses routine medical exams, chronic disease management, occupational health screenings, specialist consultations and urgent care interventions.

In addition to its mobile clinic fleet, DocGo’s digital platform offers 24/7 virtual care, facilitating remote consultations via video, phone or secure messaging.