agilon health (NYSE:AGL) Shares Gap Up to $4.46

agilon health, inc. (NYSE:AGL)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $4.46, but opened at $4.60. agilon health shares last traded at $4.51, with a volume of 734,134 shares.

Analyst Ratings Changes

AGL has been the subject of several research analyst reports. Royal Bank of Canada lowered their target price on shares of agilon health from $11.00 to $8.00 and set an “outperform” rating for the company in a research note on Wednesday, February 28th. Leerink Partnrs downgraded shares of agilon health from an “outperform” rating to a “market perform” rating in a report on Monday, January 8th. SVB Leerink lowered agilon health from an “outperform” rating to a “market perform” rating in a research report on Monday, January 8th. Wolfe Research cut agilon health from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 8th. Finally, Benchmark reduced their price target on shares of agilon health from $13.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $9.73.

agilon health Price Performance

The company has a market capitalization of $1.89 billion, a PE ratio of -7.35 and a beta of 0.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.51 and a quick ratio of 1.51. The company’s 50 day simple moving average is $5.88 and its 200 day simple moving average is $10.20.

agilon health (NYSE:AGL) last posted its earnings results on Tuesday, February 27th. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.13). agilon health had a negative net margin of 5.76% and a negative return on equity of 21.74%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the business earned ($0.14) earnings per share. The company’s quarterly revenue was up 71.8% on a year-over-year basis. As a group, sell-side analysts predict that agilon health, inc. will post -0.35 earnings per share for the current year.

Hedge Funds Weigh In On agilon health

A number of hedge funds have recently modified their holdings of AGL. First Horizon Advisors Inc. boosted its stake in agilon health by 41.2% during the 1st quarter. First Horizon Advisors Inc. now owns 1,553 shares of the company’s stock worth $37,000 after purchasing an additional 453 shares during the period. Captrust Financial Advisors increased its position in agilon health by 1.5% in the 4th quarter. Captrust Financial Advisors now owns 32,971 shares of the company’s stock valued at $532,000 after acquiring an additional 487 shares during the period. Signaturefd LLC raised its stake in agilon health by 73.7% during the 3rd quarter. Signaturefd LLC now owns 1,673 shares of the company’s stock valued at $30,000 after acquiring an additional 710 shares during the last quarter. CWM LLC lifted its position in agilon health by 83.7% during the 3rd quarter. CWM LLC now owns 1,585 shares of the company’s stock worth $28,000 after acquiring an additional 722 shares during the period. Finally, Bailard Inc. grew its stake in shares of agilon health by 1.9% in the 3rd quarter. Bailard Inc. now owns 43,752 shares of the company’s stock valued at $777,000 after purchasing an additional 803 shares during the last quarter.

About agilon health

agilon health, inc. provides healthcare services for seniors through primary care physicians in the communities of the United States. It offers a platform that manages the total healthcare needs of the patients by subscription-like per-member per-month. The company was formerly known as Agilon Health Topco, Inc and changed its name to agilon health, inc.