DocGo’s (DCGO) “Hold” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their hold rating on shares of DocGo (NASDAQ:DCGO) in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a $1.00 price target on the stock.

A number of other analysts also recently issued reports on DCGO. Weiss Ratings reissued a “sell (e+)” rating on shares of DocGo in a report on Thursday, June 18th. Wall Street Zen upgraded shares of DocGo from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Needham & Company LLC reiterated a “buy” rating and issued a $3.00 price target on shares of DocGo in a research note on Tuesday. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of DocGo in a research report on Monday, May 11th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $2.38.

DocGo Trading Up 2.4%

Shares of NASDAQ DCGO opened at $0.43 on Tuesday. The firm has a market cap of $42.50 million, a P/E ratio of -0.22 and a beta of 0.99. The business’s 50 day moving average is $0.59 and its 200-day moving average is $0.63. DocGo has a 1-year low of $0.40 and a 1-year high of $1.73.

DocGo (NASDAQ:DCGO) last released 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 firm had revenue of $73.42 million during the quarter, compared to the consensus estimate of $75.35 million. Analysts forecast that DocGo will post -0.17 EPS for the current year.

Institutional Trading of DocGo

A number of institutional investors and hedge funds have recently made changes to their positions in DCGO. Cerity Partners LLC acquired a new stake in shares of DocGo during the 2nd quarter worth approximately $37,000. Strs Ohio bought a new position in DocGo in the first quarter valued at approximately $76,000. Engineers Gate Manager LP acquired a new position in DocGo during the second quarter valued at approximately $52,000. Neuberger Berman Group LLC bought a new stake in DocGo during the fourth quarter worth $29,000. Finally, Public Employees Retirement System of Ohio bought a new stake in DocGo during the fourth quarter worth $40,000. Institutional investors own 56.44% of the company’s stock.

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.