Insider Selling: DocGo Inc. (NASDAQ:DCGO) General Counsel Sells 23,088 Shares of Stock

DocGo Inc. (NASDAQ:DCGO) General Counsel Ely D. Tendler sold 23,088 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $4.44, for a total transaction of $102,510.72. Following the completion of the sale, the general counsel now owns 175,645 shares of the company’s stock, valued at $779,863.80. This trade represents a 11.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

DocGo Price Performance

NASDAQ:DCGO opened at $4.28 on Thursday. The firm has a market capitalization of $436.78 million, a P/E ratio of 15.29, a PEG ratio of 3.81 and a beta of 0.98. DocGo Inc. has a one year low of $2.75 and a one year high of $5.70. The company’s 50-day simple moving average is $3.85 and its 200 day simple moving average is $3.51.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald reissued an “overweight” rating and issued a $5.00 target price on shares of DocGo in a research report on Friday, September 20th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $6.10.

Institutional Trading of DocGo

A number of hedge funds have recently made changes to their positions in DCGO. Harbor Capital Advisors Inc. increased its position in DocGo by 144.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 968,537 shares of the company’s stock valued at $3,216,000 after buying an additional 572,522 shares in the last quarter. Marshall Wace LLP grew its stake in shares of DocGo by 212.4% in the second quarter. Marshall Wace LLP now owns 505,514 shares of the company’s stock worth $1,562,000 after acquiring an additional 343,692 shares during the last quarter. Deerfield Management Company L.P. Series C increased its holdings in shares of DocGo by 41.0% during the second quarter. Deerfield Management Company L.P. Series C now owns 7,195,956 shares of the company’s stock valued at $22,236,000 after acquiring an additional 2,091,569 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of DocGo during the third quarter valued at $62,000. Finally, Nisa Investment Advisors LLC raised its position in shares of DocGo by 693.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 12,089 shares of the company’s stock worth $37,000 after purchasing an additional 10,565 shares during the last quarter. 56.44% of the stock is owned by institutional investors.

About DocGo

DocGo Inc provides mobile health and medical transportation services for various health care providers in the United States and the United Kingdom. The company's transportation services include emergency response services; and non-emergency transport services comprise ambulance and wheelchair transportation services.