DocGo Inc. (NASDAQ:DCGO) Receives Consensus Recommendation of “Hold” from Brokerages

DocGo Inc. (NASDAQ:DCGO) has been assigned an average rating of “Hold” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $2.25.

Several brokerages have issued reports on DCGO. Canaccord Genuity Group dropped their target price on DocGo from $1.60 to $1.50 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of DocGo in a research report on Monday, December 29th.

Institutional Trading of DocGo

Several hedge funds have recently modified their holdings of DCGO. Empowered Funds LLC boosted its holdings in shares of DocGo by 14.6% in the 4th quarter. Empowered Funds LLC now owns 138,306 shares of the company’s stock valued at $121,000 after buying an additional 17,607 shares in the last quarter. Boothbay Fund Management LLC raised its stake in shares of DocGo by 39.0% during the 4th quarter. Boothbay Fund Management LLC now owns 200,947 shares of the company’s stock worth $176,000 after acquiring an additional 56,413 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in shares of DocGo by 45.5% during the 4th quarter. Bridgeway Capital Management LLC now owns 539,306 shares of the company’s stock worth $473,000 after acquiring an additional 168,607 shares in the last quarter. Jain Global LLC purchased a new stake in DocGo during the fourth quarter valued at approximately $70,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in DocGo during the fourth quarter valued at approximately $40,000. 56.44% of the stock is owned by hedge funds and other institutional investors.

DocGo Stock Up 0.0%

Shares of DCGO stock opened at $0.67 on Tuesday. The firm has a market cap of $65.75 million, a price-to-earnings ratio of -1.29 and a beta of 0.95. DocGo has a 52-week low of $0.63 and a 52-week high of $3.08. The company’s 50 day moving average is $0.80 and its 200 day moving average is $1.06.

DocGo Company Profile

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.