WCM Investment Management LLC Has $18.64 Million Stock Holdings in DocGo Inc. (NASDAQ:DCGO)

WCM Investment Management LLC lifted its stake in DocGo Inc. (NASDAQ:DCGO) by 64.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,314,071 shares of the company’s stock after purchasing an additional 1,687,100 shares during the quarter. WCM Investment Management LLC owned 4.23% of DocGo worth $18,637,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of DCGO. Centiva Capital LP acquired a new position in shares of DocGo in the third quarter worth about $43,000. Intech Investment Management LLC purchased a new position in DocGo during the 3rd quarter worth approximately $62,000. The Manufacturers Life Insurance Company raised its stake in DocGo by 31.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,401 shares of the company’s stock valued at $125,000 after purchasing an additional 9,696 shares during the period. SG Americas Securities LLC lifted its holdings in shares of DocGo by 97.5% in the third quarter. SG Americas Securities LLC now owns 38,147 shares of the company’s stock valued at $127,000 after purchasing an additional 18,835 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of DocGo by 100.3% in the third quarter. Victory Capital Management Inc. now owns 51,349 shares of the company’s stock valued at $170,000 after purchasing an additional 25,714 shares in the last quarter. Institutional investors and hedge funds own 56.44% of the company’s stock.

Analyst Ratings Changes

Separately, Needham & Company LLC reissued a “buy” rating and set a $7.00 price target on shares of DocGo in a research report on Thursday, January 16th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, DocGo has a consensus rating of “Buy” and an average target price of $6.10.

Insider Activity at DocGo

In other news, General Counsel Ely D. Tendler sold 23,088 shares of the 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 owns 175,645 shares in the company, valued at $779,863.80. This represents a 11.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.70% of the company’s stock.

DocGo Stock Up 2.6 %

DocGo stock opened at $5.04 on Friday. DocGo Inc. has a 12 month low of $2.75 and a 12 month high of $5.12. The company’s fifty day simple moving average is $4.39 and its 200-day simple moving average is $3.86. The stock has a market cap of $514.34 million, a P/E ratio of 18.00, a P/E/G ratio of 13.82 and a beta of 1.00.

DocGo (NASDAQ:DCGO) last issued its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $138.68 million for the quarter, compared to analyst estimates of $139.59 million. DocGo had a return on equity of 8.90% and a net margin of 4.35%. During the same period in the prior year, the firm posted $0.05 EPS. On average, equities research analysts expect that DocGo Inc. will post 0.25 earnings per share for the current fiscal year.

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.