DocGo Inc. (NASDAQ:DCGO) Stock Rated “Hold” by Wall Street Analysts

DocGo Inc. (NASDAQ:DCGO) has been given an average rating of “Hold” by the six ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $2.38.

A number of analysts have weighed in on the company. Needham & Company LLC reiterated a “buy” rating on shares of DocGo in a research report on Wednesday, September 30th. Canaccord Genuity Group restated a “hold” rating and issued a $1.00 target price on shares of DocGo in a research note on Tuesday, August 18th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of DocGo in a report on Monday, September 14th.

DocGo Price Performance

Shares of DCGO stock opened at $0.27 on Wednesday. DocGo has a one year low of $0.24 and a one year high of $1.27. The stock has a fifty day moving average price of $0.37 and a 200 day moving average price of $0.52. The stock has a market cap of $26.84 million, a P/E ratio of -0.14 and a beta of 0.97.

DocGo (NASDAQ:DCGO) last announced its quarterly earnings results on Monday, August 17th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.06). DocGo had a negative net margin of 65.29% and a negative return on equity of 40.42%. The business had revenue of $73.42 million during the quarter, compared to the consensus estimate of $75.35 million. Equities research analysts anticipate that DocGo will post -0.22 EPS for the current year.

Institutional Trading of DocGo

Large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new stake in DocGo in the 2nd quarter valued at about $79,000. S Squared Technology LLC bought a new stake in shares of DocGo during the second quarter worth $1,060,725. Ieq Capital LLC bought a new stake in shares of DocGo during the second quarter worth $126,000. Diversify Advisory Services LLC acquired a new position in shares of DocGo during the second quarter valued at $53,000. Finally, BlackRock Inc. bought a new stake in DocGo during the 2nd quarter worth about $750,000. 56.44% of the stock is owned by institutional investors.

DocGo Company Profile

DocGo Inc (NASDAQ:DCGO) is a healthcare services company that delivers medical care and related support outside traditional healthcare facilities. Its platform combines mobile medical services, technology and logistics to help healthcare providers, government agencies and other organizations improve access to care.

The company provides mobile health services that can include in-home and community-based clinical care, preventive services, diagnostic testing, vaccinations and care coordination.