agilon health (NYSE:AGL) Stock Price Down 4.4%

agilon health, inc. (NYSE:AGL)’s share price fell 4.4% on Monday . The stock traded as low as $5.10 and last traded at $5.22. 2,067,364 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 5,858,391 shares. The stock had previously closed at $5.46.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lowered agilon health from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $17.00 to $9.00 in a research report on Friday, January 5th. Evercore ISI lowered their price target on agilon health from $7.00 to $6.00 and set an “in-line” rating for the company in a research report on Wednesday, February 28th. Wolfe Research lowered agilon health from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 8th. Jefferies Financial Group restated a “hold” rating and set a $6.50 price target (down from $25.00) on shares of agilon health in a research report on Monday, February 26th. Finally, Citigroup assumed coverage on agilon health in a research report on Monday. They set a “neutral” rating and a $6.00 price target for the company. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $9.46.

agilon health Stock Performance

The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.05. The stock has a 50 day simple moving average of $5.68 and a two-hundred day simple moving average of $9.66.

agilon health (NYSE:AGL) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.13). agilon health had a negative net margin of 5.76% and a negative return on equity of 21.74%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business earned ($0.14) earnings per share. The firm’s quarterly revenue was up 71.8% on a year-over-year basis. As a group, analysts anticipate that agilon health, inc. will post -0.35 earnings per share for the current fiscal year.

Institutional Trading of agilon health

A number of hedge funds and other institutional investors have recently made changes to their positions in AGL. Signaturefd LLC boosted its holdings in agilon health by 73.7% in the 3rd quarter. Signaturefd LLC now owns 1,673 shares of the company’s stock valued at $30,000 after purchasing an additional 710 shares in the last quarter. CWM LLC boosted its holdings in agilon health by 83.7% in the 3rd quarter. CWM LLC now owns 1,585 shares of the company’s stock valued at $28,000 after purchasing an additional 722 shares in the last quarter. Bailard Inc. boosted its holdings in agilon health by 1.9% in the 3rd quarter. Bailard Inc. now owns 43,752 shares of the company’s stock valued at $777,000 after purchasing an additional 803 shares in the last quarter. Arizona State Retirement System boosted its holdings in agilon health by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 86,455 shares of the company’s stock valued at $1,535,000 after purchasing an additional 1,169 shares in the last quarter. Finally, Scotia Capital Inc. boosted its holdings in agilon health by 1.3% in the 4th quarter. Scotia Capital Inc. now owns 132,576 shares of the company’s stock valued at $1,664,000 after purchasing an additional 1,741 shares in the last quarter.

About agilon health

agilon health, inc. provides healthcare services for seniors through primary care physicians in the communities of the United States. It offers a platform that manages the total healthcare needs of the patients by subscription-like per-member per-month. The company was formerly known as Agilon Health Topco, Inc and changed its name to agilon health, inc.