DocGo Inc. (NASDAQ:DCGO) Receives Consensus Rating of “Hold” from Analysts

DocGo Inc. (NASDAQ:DCGO) has been assigned an average recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $2.3750.

Several research firms have recently issued reports on DCGO. Canaccord Genuity Group decreased their price objective on DocGo from $1.50 to $1.00 and set a “hold” rating on the stock in a report on Wednesday, March 25th. Stifel Nicolaus decreased their price objective on DocGo from $4.00 to $2.50 and set a “buy” rating on the stock in a report on Tuesday, March 17th. Needham & Company LLC restated a “buy” rating and set a $3.00 price objective on shares of DocGo in a report on Tuesday, March 17th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $3.00 price objective on shares of DocGo in a report on Tuesday, March 17th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its holdings in DocGo by 14.6% in the fourth quarter. Empowered Funds LLC now owns 138,306 shares of the company’s stock valued at $121,000 after acquiring an additional 17,607 shares during the last quarter. Boothbay Fund Management LLC boosted its holdings in DocGo by 39.0% in the fourth quarter. Boothbay Fund Management LLC now owns 200,947 shares of the company’s stock valued at $176,000 after acquiring an additional 56,413 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in DocGo by 45.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 539,306 shares of the company’s stock valued at $473,000 after acquiring an additional 168,607 shares during the last quarter. Jain Global LLC acquired a new position in DocGo in the fourth quarter valued at $70,000. Finally, Public Employees Retirement System of Ohio acquired a new position in DocGo in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 56.44% of the company’s stock.

DocGo Stock Up 4.6%

DCGO stock opened at $0.72 on Wednesday. DocGo has a 52-week low of $0.49 and a 52-week high of $2.45. The stock’s fifty day simple moving average is $0.66 and its 200-day simple moving average is $0.85. The stock has a market capitalization of $71.01 million, a price-to-earnings ratio of -0.39 and a beta of 0.98.

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.