DocGo’s (DCGO) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of DocGo (NASDAQ:DCGO) in a research note published on Thursday,Benzinga reports. The firm currently has a $7.00 price target on the stock.

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

DocGo Stock Up 2.2 %

NASDAQ:DCGO opened at $4.27 on Thursday. The company has a market capitalization of $435.75 million, a P/E ratio of 15.25, a P/E/G ratio of 11.49 and a beta of 0.97. DocGo has a 52 week low of $2.75 and a 52 week high of $4.86. The stock’s fifty day moving average is $4.23 and its two-hundred day moving average is $3.68.

Insider Transactions at DocGo

In other DocGo news, General Counsel Ely D. Tendler sold 23,088 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $4.44, for a total transaction of $102,510.72. Following the transaction, the general counsel now directly owns 175,645 shares of the company’s stock, valued at approximately $779,863.80. This trade represents a 11.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On DocGo

Large investors have recently made changes to their positions in the stock. 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 worth $3,216,000 after purchasing an additional 572,522 shares in the last quarter. Marshall Wace LLP boosted its stake in DocGo by 212.4% in the 2nd quarter. Marshall Wace LLP now owns 505,514 shares of the company’s stock worth $1,562,000 after buying an additional 343,692 shares during the last quarter. State Street Corp grew its holdings in DocGo by 4.9% in the 3rd quarter. State Street Corp now owns 1,928,972 shares of the company’s stock valued at $6,404,000 after buying an additional 90,438 shares during the period. Deerfield Management Company L.P. Series C grew its holdings in DocGo by 41.0% in 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 purchasing an additional 2,091,569 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in shares of DocGo during the 3rd quarter worth $62,000. Hedge funds and other institutional investors own 56.44% of the company’s stock.

DocGo Company Profile

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.